Active Energy was established in March 2009 to manufacture and sell the VoltageMaster power optimiser as a solution for electricity and carbon reduction.

In September 2009, Active Energy was selected as a nominated supplier to the ESPO (Eastern Shire Purchasing Organisation) framework agreement for voltage optimisation equipment. This framework is open to the entire public sector.

During January 2010, Active Energy announced a strategic alliance with Southern Electrical Contracting (SEC), a subsidiary of Scottish and Southern. SEC selected VoltageMaster as the sole voltage optimiser to be offered to their customers. Active Energy has also been successful in winning a number of public sector tenders, most recently for the installation of VoltageMaster units in over fifty Ministry of Justice court houses throughout England.


There seems to be political wind supporting this company. Maybe they will come through financially too?

LISTEN: Active Energy Group (AEG) - Trading update

Click here

LISTEN: CEO of Active Energy, Richard Spinks, outlines the three major milestone recently achieved

Click here to listen

LISTEN: Richard Spinks, CEO of Active Energy, discusses the new port and logistics operations agreement

Click here to listen

LISTEN: Active Energy Group (AEG) - Trading statement

Click here to listen

Listen: Active Energy Group (AEG) - Nikofeso Holdings Limited deferred consideration cancellation and brief trading update

Click here

Landmark Forestry Joint Venture.

Active Energy Group (AIM:AEG), the AIM-listed international supplier of industrial wood chip, timber products and forestry management services, announces that it has entered into a new joint venture agreement to exclusively commercialise in excess of 100,000 hectares (around 250,000 acres) of mature forestry assets in Alberta, Western Canada, which are expected to yield more than 20 million m3 of commercial standing timber.

The forests, located in Western Canada, are owned by three indigenous aboriginal groups: the Alberta Métis Settlements of Peavine, Paddle Prairie and East Prairie.

The partners in the new venture include the three Métis Settlements, Grand Chief Ronald M. Derrickson of British Columbia, and Active Energy Group.

The Métis Settlements and Active Energy Group will each hold a 45% equity interest in the joint venture company.

Richard Spinks, CEO of Active Energy Group, commented: "This exciting new venture is the result of many years of working closely with Grand Chief Derrickson and the Métis leadership to structure an equitable arrangement that works for all parties, commercialises the forestry assets in a sustainable and environmentally-sensitive manner, and allows the Métis communities to actively participate in and benefit from the proper development of their lands and resources.

"AEG are delighted to be partners in this ground-breaking initiative, and my co-directors and I, two of whom will play a key role in the new company strategy and operations, are confident that our international timber industry and forestry management expertise and connections will ensure its success for current and future generations."

At 12:54pm: (LON:AEG) Active Energy Group share price was +0.31p at 2.83p


Now up 0.48 (18.81%)

WATCH: Active Energy Group (AEG) - Landmark forestry JV in Canada

Click here to listen

SMALL CAP SHARE IDEAS: 'Exotic' Active Energy Group set for growth as it signs landmark forestry deal with Canada's indigenous groups

By Ian Lyall, Proactive Investors

Published: 14:50, 1 September 2014 | Updated: 14:59, 1 September 2014
Even for AIM, Active Energy Group looks a little ‘exotic’.

It derives a substantial amount of its revenues from Ukraine; is plotting a revolution in the biomass fuel industry; and has signed a landmark forestry and timberland management deal with three indigenous groups in Canada.


Now, usually in the lexicon of the alternative market, ‘exotic’ is a polite way of saying it is a risky investment, in the same way that in politics the word ‘brave’ tends to mean stupid.


AEG has signed a landmark forestry and timberland management deal with three indigenous groups in Canada




Of course, there are always risks attached to any investment, particularly one in the formative stages of development. But here ‘exotic’ refers to the fact that AEG is a little out of the ordinary.


The average AIM investor is still to get his or her head around forestry and the advent of timber investment management organisations, or TIMOs for short.


And while it has been a learning curve for this writer, AEG’s basic proposition is a much easier one to follow than some of the more distinctly ‘exotic’ stories told by the junior oilers and diggers.


So, first things first: you might have heard the Active Energy Group name before, and indeed many may be familiar with its history. However, the current management, led by chief executive Richard Spinks, picked up the company in 2012 as a clean shell, along with the name, so they can’t be held liable for past failures.


With that disclaimer out of the way, it’s worth looking at what the group actually does to earn its money. Its wood chip business, acquired in June 2013, processes around 1,200 tonnes of logs a day into wood chip at its facility at Yuzhny Port in Ukraine, which is then exported in bulk cargo vessels across the Black Sea to MDF (medium-density fibreboard) manufacturers in Turkey.

Two years ago it was lucky to ship 4,300 tonnes over the course of a year; now it does that in less than four days.

The recent political and military tensions in the country will no doubt deter some investors, and if the wood chip business was the entirety of AEG they could be excused for giving the stock the barge pole treatment. But it’s just part of the group’s trading activities. And it’s also worth pointing out Yuzhny, near Odessa in the south of the country, is currently unaffected by the turmoil.

Moreover, AEG is currently experiencing an unexpected and potentially beneficial financial upside from the rapid depreciation of the Hryvnia, Ukraine’s currency; as it purchases raw materials in Hryvnia but sells in either US dollars of euros.



New product: AEG is working on a fuel granule solution that will enable coal-fired power stations, such as Drax, to switch directly to biomass


+2
New product: AEG is working on a fuel granule solution that will enable coal-fired power stations, such as Drax, to switch directly to biomass

According to analysts, this is likely to have a significant impact on the margins and profitability of the Ukrainian wood chip operations. AEG also sources finished wood chip from Spain and Montenegro for supply to Italian biomass-fuelled power stations – although this is only done on an opportunistic basis at healthy margins.


CEO Spinks and his team are aware that they cannot build a sustainable business on the margin improvements provided by the weakness of the Hryvnia. So it has done two things.

The recent forestry joint venture with the Métis settlements of Peavine, Paddle Prairie and East Prairie in Alberta, Western Canada, has been one means of diversification. The second, a biomass fuel granulation development and commercialisation agreement, has the potential to provide considerable benefits over existing biomass fuel pellet solutions.

The company is fast becoming one of the largest suppliers of ‘green energy’ feedstock to the Italian power generation industry, and has been looking at methods of improving its product offerings and boosting its margins.


It anticipates offering two products: one will allow it to provide higher efficiency biomass fuel – measured in increased energy calories per tonne - by decreasing the moisture levels in the product; the other will be a fuel granule solution that will enable coal-fired power stations to switch directly to biomass.


An illustration of the potential in the latter is found in North Yorkshire, in the form of the giant Drax power station, which provides 7-8 per cent of the UK’s total electricity requirements.


Active Energy at a glance



AIM ticker: AEG


Value: £15.3million


Share price: 2.73p


Year high: 3.13p


Low: 1.63p
.
Its owners could have saved themselves the more than £2billion it cost to convert part of the plant to burn biomass fuel had the AEG product been on the market.


It could also provide an environmental revolution in China, which is under international pressure to cut its reliance on fossil fuels and clean up its act.


Given the huge potential of AEG’s biomass division, there is the possibility it could be spun out as a separate entity in order to attract the capital it requires.

The third and potentially largest leg to the business came about via that landmark joint venture deal with the Métis Settlements of Alberta, Canada, owners of huge areas of standing prime forestry assets.

The exclusive joint venture (JV) was initially set up to commercialise 100,000 hectares of mature forests in Western Canada, which were expected to yield more than 20million cubic metres of standing timber.


But in an update, the AEG JV announced that the area under its control is likely closer to 200,000 hectares. It is currently carrying out extensive sampling to assess the volume, quality and density of the standing timber, much of which is believed to be more than 50 years old, making it ideal for a wide range of applications.


AEG owns 45 per cent of the JV company, called the KAQUO Forestry and Natural Resources Development Corporation. KAQUO in the Cree tongue means ‘all together’.


So, together the AIM-listed business and the Métis, one of the Aboriginal peoples of Canada, will look to commercialise the asset by promoting 197-year tree farming permits to TIMOs and other investors, including timber industry firms.

‘This was a very difficult deal to do, but it was the first of its kind,’ Grand Chief Ronald M. Derrickson, of British Columbia, told Proactive Investors.


AEG’s Spinks added: ‘This is something I see becoming the largest part of our business: working with First Nations and other native groups across Canada.’

It is very easy to see why the business is so attractive. TIMOs are always on the look-out for large-scale, high-quality, high-density mature forestry assets, but rarely find them - especially those with the exceptionally long term permits that KAQUO is offering.


The 200,000 hectares under management seems to tick all the right boxes. And valuable mature timberland is a finite commodity, which means prices are only going to move in one direction.


Tree farming permit holders, likely to include TIMOs and some of the world’s biggest investment groups, will be expected to manage the forests and harvest the timber in a way that respects the practices and bylaws of the indigenous inhabitants.


AEG’s share price is up 21 per cent in the year to date, and the trading activity suggests the more savvy investors are starting to nibble around the edges of this one.

But with a market valuation of just £15million, there is plenty of headroom for further growth – particularly if management is able to convert promise into real tangible returns.


Exotic? Perhaps. But definitely not one for the ‘brave’*.

*See earlier definition of brave.


Read more: http://www.thisismoney.co.uk/money/investing/article-2739801/SMALL-CAP-SHARE-IDEAS-Exotic-Active-Energy-Group-signs-landmark-forestry-deal-Canada.html#ixzz3C5z0gtGi
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Active Energy Group - Half year results

Click here]

Active Energy Group - Canadian forestry update

Click here

Active Energy Group - Corporate update

Click here

Well, didn't I just pick a bad time to nip out for a couple of hours?!

28 January 2015

Active Energy Group Plc
("Active Energy Group" or the "Group" or the "Company" or "AEG")

Update on Canadian Forestry Joint Venture

The Board of Active Energy Group Plc (AIM: AEG.L), the London Stock Exchange AIM-listed international supplier of industrial wood chip and timber, Biomass for Energy (BFE) fuel products, and forestry asset development services, is aware of online speculation concerning its Canadian forestry joint venture company, KAQUO Forestry & Natural Resources Development Corporation.

On 18 July 2014, the Group announced that it had entered into an important new joint venture to commercialise substantial mature forestry assets in Alberta, Western Canada, owned by the Métis Settlements of Peavine, Paddle Prairie and East Prairie.

Subsequently, KAQUO was formed as a joint venture company, with the Group holding a 45% equity interest, to exclusively commercialise the forestry assets, at that time, as agent on behalf of the Métis Settlements.

The Board of AEG confirms that at the KAQUO Métis Settlements Economic Development Summit, held in Edmonton Canada on 27 January 2015, KAQUO commented that it had received three non-binding, conditional offers, in aggregate amounting to approximately US$300 million subject to further due diligence, which KAQUO may or may not accept and which may or may not come to fruition, depending on that due diligence process.

The offers were received as a result of the pre-marketing roadshow announced previously, to subscribe for a non-controlling equity stake in a yet to be incorporated subsidiary of KAQUO to commercialise approximately 108,000 hectares of the aforementioned Métis Settlements forestry assets.

The Board of AEG understands that it is the intention of KAQUO to accept one of the offers, each of which is subject to due diligence, and to enter into detailed negotiations of legal agreements with the successful bidder.

A further announcement will be made no later than when such negotiations, which are expected to last several months, are concluded.

Active Energy Group - Update on Canadian Forestry Joint Venture

Click here

Positive news recently, including this.

Coal-fired power stations are likely be around for the foreseeable future, although diminishing over the years. AEG is ideally placed to take advantage of this and I would not be surprised to see the sp double over the next few months. I know nothing about Gravendonck Private Foundation but they appear to be a major prop for AEG.


Active Energy, the London quoted renewable energy, forestry management and timber processing business, announces that it has entered into an agreement with Gravendonck Private Foundation (“Gravendonck”), its major shareholder and long-term supporter, to convert US$1.02 million of existing debt in the Company, into equity. In consideration of this agreement, Gravendonck will be issued 30,000,000 ordinary shares of 1 pence each in the Company (“Ordinary Shares”) at a price of 2.7 pence per share (the “Gravendonck Conversion” and the “Gravendonck Shares”). The Gravendonck Conversion price of 2.7 pence is based upon a 60 day VWAP calculation.

Following the Gravendonck Conversion, Gravendonck will hold 241,898,809 Ordinary Shares, representing 29.97% of the enlarged issued share capital of Active Energy with voting rights and the Company’s outstanding loan to Gravendonck of US$580,000.

Will 2017 see a re-rate of the sp?

RNS Number : 8673S
Active Energy Group PLC
28 December 2016

Active Energy, the London quoted international renewable energy, forestry management and timber processing business, is pleased to announce that further to the announcement made on 28 November 2016, it has drawn down an initial US$2 million under the US$6 million five-year unsecured loan facility, provided by Linarus FZE ("Linarus") a private Dubai based investment company, to fund the construction of the first 35,000 tonne per annum commercial reference plant ('the Plant') in North America. This is in line with the Company's strategy to commercialise its revolutionary CoalSwitch technology, which utilises low value wood, timber, forestry and pulp mill/ saw mill by-products to produce the world's first 'drop-in' biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing unmodified coal powered fire stations globally.

The Board expects that the development of the Plant will open up a significant revenue stream with rapid payback credentials for AEG CoalSwitch once completed later in 2017. In addition, it will mean that the Company will be able to produce the much higher volumes of fuel required for power generators, which are awaiting these deliveries. It will also facilitate the delivery of commercial samples (which are comprised of thousands of tonnes of CoalSwitch product) to power plants, enabling them to run full burn tests at their facilities, rather than laboratory scale testing which until now has been the case. These full scale burn tests will provide coal fired power generators globally with proof that they can convert their fuel rather than their plants, to burn biomass safely, reliably and without significant investments into their existing facilities, handling systems or supply chain. Typically a coal-fired power station wishing to convert to burn the ubiquitous White Pellet fuel currently available in the market would need to invest approximately US$700,000 per Mw/Hr of installed generating capacity. With CoalSwitch, there are no retrofit costs.

Richard Spinks, Chief Executive Officer of Active Energy said, "With these initial funds drawn down, I am confident that 2017 will see us deliver on our stated commitment to rapidly commercialise our ground-breaking CoalSwitch technology. We look forward to commissioning our first Plant in North America in Q3 2017, for which the long lead time items procurement process has commenced. We are in discussions with a number of investors and partners for the roll out of up to four additional CoalSwitch production plants immediately on the heels of the first Plant becoming operational: two in the USA and two in Canada. This will serve to de-risk investors and allow the Company to achieve better terms for funding plants going forward. We are confident that the USA and Canada will be significant feedstock, production and resale markets for CoalSwitch, particularly given the recent endorsements our product has had from key industry players."

All set to go!

Issue of £11.47m Covertible Loan Note & Corporate Update.

Worth watching progress.

2 January 2018
Active Energy Group Plc ('Active Energy', 'the Company' or 'the Group')
Update re Revolutionary CoalSwitch™ Plant; Initial Full-Scale Reactor Test Completed

Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that the first testing of the five-tonne-per-hour CoalSwitch™ plant in Utah, United States ('the Plant') was successfully completed late on Friday 29 December 2017. The initial results met all management expectations and further testing will continue this week.

The plant is now undergoing full commissioning which Active Energy expects to complete in the next several weeks, which will enable the Company to deliver commercial quantities of CoalSwitch™, its revolutionary fuel that that can be mixed in any ratio with coal fines or completely replace coal in existing coal-fired power stations, without retrofit, globally.

The first successful firing of the full-scale reactors proves that the technology is scalable to full commercial production and reinforces that the proven science developed represents a disruptive force for the global biomass industry. The next stage will be to complete commercial orders for CoalSwitch™, including the first order to a full-scale coal-fired power plant in Utah, USA.

The Plant has been constructed on a modular basis allowing further scale-up to larger plant sizes giving greater volumes of production which Active Energy currently expects to be no smaller than 10 tonne per hour plants. In addition, the Company's decision to construct the entire Plant in a containerised format allows for demounting and moving to global locations at short notice meaning that CoalSwitch™ plants can be located near to sources of wood waste or forestry residuals wherever they may be found.

Michael Rowan Active Energy Non-Executive Chairman said, "The first successful test firing of the Plant proves the technology and scalability of production. Our unique biomass fuel technology will contribute hugely to the environment globally due to its unique qualities and ability to be a direct drop in coal replacement fuel, meaning that without the requirement for retrofit, coal plants anywhere can now reduce their usage of coal and decrease emissions without significant investment.

"We are now entering the next phase of our development as we produce and deliver commercial quantities of production and receive first revenues from CoalSwitch™. These are exciting times and we have already received much interest from governments and corporates alike due to CoalSwitch™'s unique qualities and ability to utilise all types of cellulosic biomass (including the lowest quality forestry waste and residuals, waste wood, and other by-products from the global forestry industry) and to blend with reclaimed coal fines or burn as a standalone coal replacement. The Group is now establishing its environmental credentials and is ready to work with governments and corporations in the near future."

A bit of energy in the sp recently!

Up again. Interest growing!

Great potential for CoalSwitch™; early days but if it is all it is cracked up to be the sales will be huge. Topped up this morning, will sit and watch now.

All time high for volume looking at 10 year chart here

Woosh! Hotter than a CoalSwitch™ pellet! I am sure there is a lot more to come. It is probably not widely known that this product can replace coal for domestic use as well as commercial.

Rocky Mountain Power, a unit of Warren Buffet's Berkshire Hathaway Inc., plans to run full scale commercial tests of CoalSwitch™ at its thermal power plant in Utah. The results will be interesting!😊

You have been ploughing a lone furrow kim. I agree, the technology is starting to look interesting.

I hope I am right iturama! This coming week will be AEG's big moment, after 9 years of developing CoalSwitch™ they deserve success.

Interesting news release. It would be useful to know how this monetises but they are making good progress.

CoalSwitch plant to become fully operational this week.

Game changing. The future looks bright!

Up 25.76% today.

Nice. :-))

I hope there is a lot more to come!😊

Yes, nice move upwards. First time I've seen the award of options give such a boost to the price. :) Lot of US buying, I suspect.

Still moving up. May become the flavour of the month.

Already tasty!😊

£1 by Christmas...

Well, maybe 50p!😃

28 February 2018



Active Energy Group Plc ('Active Energy' or the 'Company')

Purchase Order with Young Living Farms



Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that it has entered into an initial supply agreement with Young Living Farms ('YLF'), a leading agricultural company focused on essential oils production, for a new high value soil amendment product, utilising the Company's CoalSwitch™ process. This agreement marks a new revenue stream for the Company and also demonstrates the flexibility and commercial value of the Company's unique CoalSwitch™ process across multiple applications.



Overview:



· Agreement for YLF to supply Active Energy up to 6,500 tonnes of product, exploiting the Company's versatile CoalSwitch™ process at the Company's 's first commercial plant in Utah, United States;

· Feedstock for the process will be by-product from YLF's essential oil production - a waste stream for YLF, but a highly attractive feedstock for the CoalSwitch™ process;

· Product from CoalSwitch™ process will be used as a high value soil amendment product for the re-introduction to YLF's crop production cycle;

· Initial deliveries will begin in March 2018 for which the Company will receive payment on a per tonne basis;

· Agreement provides a foundation for a long-term relationship with YLF and the implementation of dedicated soil amendment plant to be installed on YLF's farm site at Mona, Utah in mid-2018; and

· Evaluation of roll out opportunities for additional soil amendment plants is being conducted with YLF, with three initial facilities located in the USA and Canada targeted.



Michael Rowan, Active Energy Non-Executive Chairman said, "The unique properties and applications of our CoalSwitch™ process is attracting significant attention from utility companies, government agencies and power plant operators. With today's announcement, we have expanded our commercial activity to the agricultural sector. Our unique process can be applied to target specific engineered soils, which remove potentially environmentally damaging waste streams and use this as feedstock. This engineered soil becomes an environmentally responsible alternative to the use of peat moss.



"We look forward to working closely with the YLF team over the coming months as we look to begin the wider roll out of dedicated soil amendment plants with further collaborations with YLF."

The first of many contracts hopefully!😊

The advantage of revenue bearing contracts is that it can likely finance growth through loans rather than going back to shareholders. Interest rates are still very low.

JV with Cobant signed in Poland.

Interesting. The equivalent of money for old rope.

AEG can probably utilise the old rope as well!

Looks like this is becoming a favourite share, Kim. I must admit, I like the concept. As I said before, contracts with good partners can always be financed and no doubt there are grants available from the EU for environmental improvement projects.

It could well be my share of the year Iturama! Bags of potential. CoalSwitch™ has taken 9 years to perfect so I don't think it is a flash in the pan. More of a roar in the power station maybe!😃

I have no idea when the result of the Rocky Mountain test will be published but it should be sooner rather than later! In the meantime a reminder of CoalSwitch™'s potential from test results at the University of Utah in, I think, 2016:-

The University of Utah reported on CoalSwitch’s technical and commercial viability for use a standalone fuel – or co-fired in high concentrations with coal in coal-fired power plants – and confirmed that it provides significant environmental and commercial advantages for industrial power generators.
The five-day testing process, at the university’s 100 kW combustor in its Industrial Combustion & Gasification Research Facility, recorded the energy output, flame stability and behaviour, furnace reaction, depositions (fouling and slagging) and emissions produced by CoalSwitch biomass fuel (in this case, derived from low-grade aspen/ poplar feedstock) during combustion. It includedreal-timeanalysisandinterpretation of its combustion, particle and deposition characteristics; and compared the results to those achieved with Illinois Number 6 coal (a typical feedstock used for industrial power generation in the US) and a CoalSwitch/Illinois coal 50/50 mix under the same test conditions.
The 50/50 blend was a much higher concentration of biomass material than it has previously been possible to use in existing coal-fired plants without causing significant slagging and fouling issues in their boilers.
The university confirmed the potential of CoalSwitch fuel for the power generation industry, and judged that it delivered significant financial and environmental benefits over current Biomass fuel solutions. Key findings included:
CoalSwitch fuel burned at near-identical temperatures to coal – 2170°F compared to 2220°F. This confirmed that it can be co-fired with coal in power plants without any hardware furnace modifications, that it produces an equivalent energy output, and can improve the efficiency at which the coal component of the blended feedstock burns.
CoalSwitch fuel burned more efficiently than coal, and produced far less ash.
The ash content in CoalSwitch was 1.69%, compared to 9.42% for the pure coal. The carbon content within that ash was the same for both fuels but there was a 40-55% reduction from the CoalSwitch/coal blend in the ‘staged’ combustion conditions typically used in industrial power plant boilers to control NOx emissions.
CoalSwitch fuel burned cleaner than coal, and when co-fired with coal generated less sulphur dioxide than the coal alone. In addition the CoalSwitch fuel was essentially free of both potassium and sodium, so there would be little fouling, and showed coal-like levels of particulates except for a much lower level of ultrafine particles. However, there was a noticeable reduction in ultrafine particles with the CoalSwitch/coal blend, likely due to the reduction in sulphur levels. Together, these properties demonstrated that the fuel can significantly outperform existing biomass fuels in terms of slagging and fouling, and can reduce the impact of coal in a fuel mix that contains it.

http://www.moneyam.com/action/news/showArticle?id=5974372

A step in the right direction!

No news from the Rocky Mountain Power test but I have a feeling that it is about to be pushed aside as AEG will be getting more than enough to do without an immediate contract from them. The latest RNS's show considerable promise.

http://www.moneyam.com/action/news/showArticle?id=6005805

http://www.moneyam.com/action/news/showArticle?id=6009631

Are you still with this Kim?

https://www.moneyam.com/action/news/showArticle?id=6211605

Yes I am. I'm being very patient with it!😃 Hopefully there will be some more positivity in the not too distant future!

The management needs to learn how to release good news. Two announcements in one RNS does not have the same impact as two separate announcements. Ricketty of VRS would have made a dozen RNS releases and multiple tweets with that news, starting with the first non binding mou's.

Rickety would have wet himself with excitement at the prospect of income!😃

Shhh... income is a dirty word in the graphene business. They judge themselves by not being as bad as the other.

🤣

After a week of confusion, suspension, denial and counter denial everything is back on track. I hope!

Restoration of Trading and Grant of Commercial Timber Permits

Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that further to its announcements of 19 November 2018 and 22 November 2018, trading in the Company's ordinary shares on AIM will resume with effect from 1:30p.m. today (Monday 26 November 2018).

The Board of Active Energy confirms that its subsidiary, Timberlands International ('Timberlands International') through its local operating company Timberlands International (Newfoundland and Labrador) Inc ('Timberlands Newfoundland'), was formally issued two five-year Commercial Timber Permits ('CTPs') for Forestry Management Areas 17 and 18 by the Ministry of Fisheries and Land Resources of the Crown Province of Newfoundland and Labrador (the 'Ministry') on Friday 23 November 2018. The CTPs are issued with a five-year revolving renewal facility relating to a total Annual Allowable Cut ('AAC') of 100,000 cubic metres per annum, which equates to 500,000 cubic metres over five years. In addition, the CTPs specify certain standard conditions including the species, class and volume of timber that may be cut and the locations from where such timber may be cut.

The Ministry had approval to grant the CTPs on 16 November 2018. At that time, Timberlands Newfoundland had not been granted the CTPs as their issue was still subject to the formal acceptance by Timberlands Newfoundland of certain standard conditions relating to the CTPs. Following meetings between representatives of the Company and the Ministry last week, the details relating to the formal grant of the CTPs (including acceptance of the standard permit conditions) were then finalised on Friday 23 November 2018.

Active Energy Chief Executive Officer, Michael Rowan, said, "The Board of Active Energy is delighted with this outcome and we are looking forward to working with the Ministry in Newfoundland. Further announcements will be made as appropriate."

The official confirmation etc:-

Fisheries and Land Resources
November 29, 2018

Provincial Government Committed to Revitalizing Forest Sector on Great Northern Peninsula

The Honourable Gerry Byrne, Minister of Fisheries and Land Resources, and the Honourable Christopher Mitchelmore, Minister of Tourism, Culture, Industry and Innovation and MHA for St. Barbe - L’Anse aux Meadows, provided details today on a new biofuel plant that will help revitalize the forest industry on the Great Northern Peninsula.

The Provincial Government has issued two five-year commercial cutting permits to Timberlands International (Newfoundland and Labrador) Inc., a subsidiary of Active Energy Group (AEG) Plc., totalling 100,000 m3 annually (500,000 m3 over five years) in Forest Management Districts 17 and 18 on the Great Northern Peninsula.

The permits will support operation of a $19.7 million-wood pellet plant to be constructed in Hawke’s Bay. All funding for the proposed plant will be provided by AEG’s external investors.

A condition of the cutting permits is that 25 per cent of the harvest be made available to commercial sawmillers for first right of refusal. Wood fibre requirements of 148,000 m3 would be provided via the cutting permits and by purchase from existing forest operators.

The proposed plant will produce 55,000-65,000 metric tonnes of CoalSwitch wood pellets per year for export to Poland through the local port. The company has an agreement with Cobant, a Polish research, development and coal recovery/production company, to provide wood pellets to supplement coal use in Poland’s residential heating market.

The project is expected to create at least 25 full-time positions associated with plant operations, and 30-50 positions in harvesting and trucking.

Support for this project delivers on commitments in The Way Forward to strengthen the province’s economic foundation. The Way Forward outlines all actions the Provincial Government is taking to achieve a strong, diversified province with a high standard of living, and can be viewed at thewayforward.gov.nl.ca.

Quotes
“As part of the Way Forward, the Provincial Government has made a commitment to increase timber allocations and harvest levels by 20 per cent by 2020, and to work with industry to build partnerships and identify innovative ways to best utilize Newfoundland and Labrador’s forest resource. By issuing these permits, we are on the path to revitalizing the Great Northern Peninsula’s rich and storied industry and the treasured resource that sustains it to support a better future for Newfoundland and Labrador.”
Honourable Gerry Byrne
Minster of Fisheries and Land Resources

“This marks the beginning of exciting times for the Great Northern Peninsula. As Timberland’s plan unfolds, with it will come jobs and investment that will benefit communities in our region and the province. I look forward to a productive relationship with the company and continuing to support and attract sustainable investment that will provide the Great Northern Peninsula with long-term benefits.”
Honourable Christopher Mitchelmore
Minister of Tourism, Culture, Industry and Innovation and MHA for St. Barbe - L’Anse aux Meadows

"This agreement is a significant achievement for the company and for the Province of Newfoundland and Labrador, and will reap rewards for all parties in the years to come. We look forward to becoming part of the community on the Great Northern Peninsula and working with stakeholders to provide positive economic opportunities as we rebuild this important industry together.”
Richard Spinks
Managing Director, Timberlands International Ltd.

It is a pity that they could not get more than this for there placing!

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
30 November 2018
Active Energy Group Plc ('Active Energy', the 'Company' or the 'Group')
Equity Placing to Raise £1.495m
To Advance Expansion of Revolutionary CoalSwitch™ Biomass, Forestry & Related Projects

Active Energy, the London quoted international biomass based renewable energy and forestry management business, has raised £1.495m (before expenses) as detailed below:

· Issue of 149,500,000 new ordinary shares of 1p each ('Ordinary Shares') at a price of 1p per share (the 'Placing Price' and the 'Placing Shares') from new and existing investors (the 'Placing');
· Grant of one warrant for every 4 Placing Shares, granted at a price of 1.75p with a life of 12 months from the date of grant (the 'Warrants'). The Warrants will not be listed;
· Michael Rowan, CEO of Active Energy and members of the senior management team have subscribed for a total of 9,500,000 Placing Shares;
· In addition, certain creditors of the Company have resolved to receive a total of 15,500,000 Ordinary Shares in lieu of cash in consideration for services provided to the Company (the 'Consideration Shares');
· The Company will use the net proceeds of the Placing to:
o execute the expansion plans under the joint venture with Georgia Renewable Power LLC, through which commercial production of CoalSwitch™ from its five tonne per hour plant is expected in early 2019, as detailed in the RNS announcements dated 15 October & 19 November 2018;
o commence planning for the commercial development of the forestry opportunities and construction and installation of the first CoalSwitch™ plant in Newfoundland detailed in the RNS announcements dated 19, 26 & 29 November 2018; and
o provide the Group with additional working capital.

Active EnergyChief Executive Michael Rowan said, "Recent developments have served to propel Active Energy towards near-term visible revenues and position it to advance its longer-term expansion strategy. Whilst I acknowledge now is not the optimum time for the Company to be raising funds given the turbulence in the wider market and with Active Energy's trading in recent weeks, it is key for us to quickly leverage the commercial opportunities available and move towards a cash generative position.

"Demonstrating the Board and senior management's confidence in our investment proposition and our ability to achieve first revenue generation from our operations within months, a number of us have subscribed for Placing Shares. The Active Energy management team is fully aligned with investors and we are committed to realising the Company's strategic objectives in order to achieving value for all shareholders.

"I am confident that our base case remains strong: we believe we have a ground-breaking technology, coupled with expandingglobal partnerships for our products and a defined path to revenue generation. I would like to thank our existing shareholders who participated in the Placing and welcome our new shareholders to the Group's register. I look forward to providing them with further updates regarding Active Energy's progress in due course."
Consideration Shares
Certain creditors of the Company have resolved to receive a total of 15,500,000 Consideration Shares. Of the Consideration Shares, 14,500,000 have been issued at the Placing Price and 1,000,000 have been issued at 2.5p per Ordinary Share.

Details of the Placing and Total Voting Rights
The Placing Shares and Consideration Shares will rank pari passu with the existing Ordinary Shares and application has been made for both the Placing Shares the Consideration Shares to be admitted to trading on AIM ('Admission'). The Placing is conditional, inter alia, on Admission, and dealings are expected to commence at 8.00am on 6 December 2018. The Placing utilises the Company's existing authorities to issue Ordinary Shares.

Following Admission, the Company's enlarged issued share capital will comprise 1,201,906,951 Ordinary Shares with voting rights. This figure may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.


Details of Director and PDMR participation in the Placing
As detailed above, Michael Rowan and several members of the senior management team have subscribed for a total of 9,500,000 Placing Shares.

Following Admission of the Placing Shares the percentage holding in the total issued share capital of Active Energy of Michael Rowan and certain PDMRs will increase as per the table below:

Director/PDMR

Number of Placing Shares subscribed for

Holding following Placing and Admission

Percentage holding of Ordinary Shares Following Placing and Admission

Michael Rowan (CEO)

2,000,000

5,221,250



0.43%

Antonio Esposito (COO)

2,000,000

2,000,000

0.17%

Richard Spinks (MD, Timberlands International)

2,000,000

54,105,333



4.5%

Ron Cella (MD Utah)

2,000,000

2,000,000

0.17%

Duncan Nealey (CFO)

1,500,000

1,500,000

0.12%