Active Energy acquires North Carolina site to be Coalswitch hub
AEG will pay vendor Alamac US$3.3mln (£2.5mln) to be funded by a US$3.41mln convertible loan note. The Lumberton site is fully permitted for operations.
Company
Active Energy Group PLC
LON:AEG
Active Energy Group PLC is advancing a diversified portfolio of renewable energy solutions, including solar, wind, and battery storage, to meet the growing global demand for clean, sustainable power. The company is committed to accelerating the energy transition by integrating innovative technologies and resilient financial strategies, including a cryptocurrency treasury comprising assets like Bitcoin and Ethereum. At the core of its growth strategy is its internationally IP-protected technology, CoalSwitch®—a revolutionary biomass-based, drop-in replacement for coal. With this proprietary clean fuel, Active Energy aims to lead the shift away from fossil fuels, leveraging CoalSwitch to scale its impact and drive the next phase of sustainable energy innovation.
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Active Energy raises £1.5mln to move forward with recently awarded forestry contracts
The placing will see 149.5mln shares issued at 1p per share with warrants attached.
Active Energy to meet Newfoundland government next week over forestry contract
The board believes that a conclusion to the contract review is imminent
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