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?

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%