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Active Energy Gr PLC Ord 0.01P (AEG)

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29-Sep-2020 02:14 PM

Active Energy posts first-half loss as expenses offset rise in revenue

Biomass-based renewable energy group Active Energy posted a first-half loss as expenses offset a rise in sales. Pre-tax losses for the six months through June amounted to $0.61 million, compared to losses of $1.83 million year-on-year. Revenue rose to $
25-Sep-2019 01:54 PM

Active Energy books loss as it develops North Carolina commercial hub

Biomass-based renewable energy business Active Energy booked a first-half loss, as it focused on the development of a large-scale commercial hub in Lumberton, North Carolina. Pre-tax losses from continuing operations for the six months through June amoun
28-Sep-2018 02:49 PM

Active Energy books loss while developing alternative fuel products

Timber processing and renewable energy group Active Energy booked a first-half loss as it continued to work towards the commercialisation of its alternative fuel products. Pre-tax losses for the six months through June amounted to $1.6m, narrowing from l
19-Jun-2018 03:05 PM

Active Energy losses deepen after Ukrainian wood fibre withdrawal

Biomass-based renewable energy group Active Energy posted a deeper annual loss following a poor performance and asset sales at its Ukrainian wood fibre business. Net losses for the year through March amounted to $14.3m, compared to $2.4m of red ink in 20
02-Jan-2018 07:27 AM

Active Energy completes first test at CoalSwitch plant

Active Energy has announced that the first testing of the five-tonne-per-hour CoalSwitch plant in Utah was successfully completed late on 29 Dec. Active Energy said the initial results met all management expectations and further testing would continu
15-Dec-2017 07:31 AM

Active Energy gets support in Utah for ABS

Active Energy has received a letter of support from the governor's office of energy development in Utah regarding Advanced Biomass Solutions' plans for the CoalSwitch plant and in particular Active Energy's intention to deliver product for
13-Dec-2017 01:22 PM

Role changes at Active Energy

Active Energy has confirmed that, given the increasing commercial interest in CoalSwitch, Brian Evans-Jones will be changing his responsibilities to focus exclusively on Advanced Biomass Solutions in his role as Managing Director. In addition, the Group
12-Oct-2017 08:07 AM

Active Energy affiliate submits timber licence application

Active Energy has, through its affiliate Timberlands, submitted all final documents to the Newfoundland and Labrador's ministry of fisheries and land resources for a Crown timber licence and forestry management agreements on the forestry management
30-Jun-2017 07:43 AM

Active Energy operating losses narrow

Operating losses at Active Energy Group fell to US$237,253 in the year to the end of December - down from US$3,412,643 in 2015. The group said it had to absorb finance costs of US$1,844,225 (2015: US$1,437,162) and a share of losses attributable to it
22-May-2017 08:39 AM

AEG in proposed timber licence deal

Active Energy has reached an agreement in principle for a timber licence and forestry management deal in the Province of Newfoundland and Labrador, Canada. Active Energy said that if finalised it and its affiliate, Timberlands International, would hav
28-Dec-2016 01:03 PM

AEG draws down $2m for plant construction

Active Energy has drawn down an initial $2 million under the $6m five-year unsecured loan facility, provided by Linarus FZE, a private Dubai-based investment company, to fund the construction of the first 35,000 tonne per annum commercial reference pl
26-Sep-2016 07:55 AM

Active Energy gross profits up 50%

Active Energy Group's revenue increased by over 11% to US$13.409 million in the six months to the end of June (H1 2015: US$12.046 million) while gross profit increased by 50% to US$1.840 million (H1 2015: US$1.227 million) as a result of improved pur
15-Jun-2016 07:36 AM

Active Energy losses widen

Active Energy posts an operating loss of $3,412,643 for the year ended 31 December (2014 $1,260,724). The group also had to absorb finance costs of $1,437,162 (2014: $1,077,420) and a share of losses attributable to our joint venture arrangements in Ca
24-Mar-2016 07:50 AM

Active Energy Group expects FY loss

Active Energy Group expects to report a loss for the year ended 31 December despite strong trading by its AEG WoodFibre division in the fourth quarter. The group expects to publish its preliminary results for the year ended 31 December in early June. Th
07-Mar-2016 08:05 AM

AEG CoalSwitch results a 'game-changer'

Active Energy Group describes results from the burn testing of its AEG CoalSwitch fuel at the University of Utah as 'a game-changer for the power generation industry'. The University has reported that CoalSwitch's technical and commercial
18-Jan-2016 08:38 AM

AEG WoodFibre wins new supply contracts

Active Energy Group has announced that its AEG WoodFibre division has secured two significant new supply contracts for 2016, and that it is investing in a new softwood production line to augment its recently-upgraded hardwood processing facilities. Under
08-Jan-2016 11:32 AM

AEG says AEG CoalSwitch's CEO dies

Active Energy Group said Chas Fritz, CEO of its AEG CoalSwitch joint venture, passed away on Jan. 7. At 11:32am: (LON:AEG) Active Energy Group share price was -0.15p at 5.23p Story provided by
07-Dec-2015 07:47 AM

AEG sees positive developments

Active Energy Group has seen positive developments across all its operating divisions. The group says that as reported on 29 September, during the year it has continued to make progress towards achieving the strategic vision that was established by the c
13-Oct-2015 07:44 AM

AEG new production line operational

Active Energy Group's new high-volume hardwood production line at its AEG WoodFibre Yuzhny Port processing facility is now fully operational. The group's AEG WoodFibre division reported revenues of US$17.395 million in 2014, an increase of 995%
17-Sep-2015 04:00 PM

AEG update on KAQUO joint venture

Active Energy Group has issued an update on the KAQUO Forestry & Natural Resources Development Corporation Canadian joint venture. AEG says it has been advised by the three M�©tis Settlements partners in the group's KAQUO joint venture that t
14-Sep-2015 07:23 AM

AEG joint venture with BEE

Active Energy Group and Biomass for Energy has entered into a joint venture agreement with Biomass Energy Enhancements LLC of Utah to exclusively commercialise a revolutionary new clean energy Biomass fuel manufacturing process. The joint venture compa
31-Jul-2015 08:13 AM

Active Energy update on Canadian forestry JV

Active Energy Group says it has been informed by the Ministry of Aboriginal Relations of Alberta that its investigation into the three M�©tis Settlements handling of their participation in the group's KAQUO Forestry & Natural Resources Developme
08-Jul-2015 01:02 PM

Active Energy Group resolutions passed at AGM

Active Energy Group has confirmed that all resolutions proposed at its annual general meeting earlier today were passed. At 1:02pm: (LON:AEG) Active Energy Group share price was -0.28p at 6.5p Story provided by
17-Jun-2015 07:44 AM

Active Energy update on Canadian forestry JV

Active Energy Group has received written confirmation from Alberta's ministry of aboriginal affairs that the report into possible breaches of the M�©tis Settlements Act by AEG's M�©tis partners in its KAQUO Forestry & Natural Resource
29-Jan-2015 02:28 PM

AEG's probe

Active Energy Group has welcomed an investigation into M�©tis procedures related to KAQUO Forestry & Natural Resources Development Corporation. AEG's board said it noted comments in The Edmonton Journal and confirmed that it was aware that J
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