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

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

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LISTEN: Active Energy Group (AEG) - Trading statement

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

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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

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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


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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
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Active Energy Group - Half year results

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Active Energy Group - Canadian forestry update

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Active Energy Group - Corporate update

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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

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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!