Active Energy Group PLC Lifecycle Associates' analysis on CoalSwitch(R) (3756Q)

TIDMAEG

RNS Number : 3756Q

Active Energy Group PLC

28 June 2022

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

28 June 2022

Active Energy Group Plc

("Active Energy", "AEG" or the "Company")

Publication of Lifecycle Associates' analysis on carbon emissions reductions from CoalSwitch (R)

Active Energy, the London quoted international biomass based renewable energy business, is pleased to announce the completion of a comprehensive study on the carbon impact of CoalSwitch(R) by Life Cycle Associates LLC, an independent business and environmental consultancy, based in California, specializing in life cycle analysis of fuel production pathways ( https://www.lifecycleassociates.com/ ).

Highlights

-- The Life Cycle Associates analysis demonstrates that pellet made from lumbermill waste, such as CoalSwitch (R) reduces CO2 by:

o 99% relative to coal; and

o 97% relative to natural gas.

-- The environmental analysis builds upon the results of independent co-fire testing undertaken under the STEP Program co-ordinated by Brigham Young University, Rocky Mountain Power and the University of Utah in late 2021. These results demonstrated that CoalSwitch (R) co-fires successfully with coal and produces immediate burn emissions benefits without significant capital expenditure to existing facilities.

Life Cycle Associates' analysis includes upstream and downstream analysis

The analysis demonstrates CoalSwitch (R) is sustainably sourced, performs the same or better as coal and natural gas, and is a net-zero, clean energy option for power generation. The comprehensive lifecycle analysis of greenhouse gas ("GHG") emissions for woody biomass includes: (i) emissions associated with feedstock collection/production and transportation; (ii) the production of process fuels; (iii) the delivery of the product to the power plant; and (iv) the burning the fuels. The analysis also considered that wood pellets are made from lumbermill waste and forest residue that would otherwise generate GHGs, either through the process of decomposition or burning.

CoalSwitch (R) heating value is equivalent to coal and better than white pellets

In early 2022, AEG received the results of independent testing that demonstrated CoalSwitch (R) burns cleaner and produces fewer pollutants than coal while outperforming other "white" pellets. The testing was conducted under the STEP Program in Utah co-ordinated by Brigham Young University, Rocky Mountain Power and the University of Utah. The program was funded independently through Rocky Mountain Power's Sustainable Transportation and Energy Plan (the "STEP Program").

Michael Rowan, CEO of Active Energy, said:

"This Life Cycle Associates analysis provides significant independent confirmation of the reduced GHG emissions incurred in the production of CoalSwitch(R). These conclusions provide much needed data to prospective customers of CoalSwitch(R) who have asked for this information from AEG in recent months. We can now confirm CoalSwitch(R) is not only sustainably sourced, but also provides significant performance improvements in greenhouse gas emissions as compared to coal and natural gas. CoalSwitch(R) continues to demonstrate that in addressing immediate environmental concerns, it is the next generation biomass fuel."

ENDS

 
 Active Energy            Michael Rowan (Chief Executive          [e-mail] 
  Group Plc                Officer) 
                           Andrew Diamond (Chief Financial 
                           Officer) 
 Allenby Capital          Nick Naylor / James Reeve / 
  Limited                  Freddie Wooding (Corporate Finance) 
  Nominated Adviser        Amrit Nahal (Sales and Corporate       [phone] 
  and Joint Broker         Broking)                                5656 
                          John Prior / James Sinclair-Ford 
 Panmure Gordon            / Harriette Johnson (Corporate 
  & Co                     Finance)                               [phone] 
  Joint Broker             Hugh Rich (Corporate Broking)           2500 
 Camarco                  Tom Huddart / Emily Hall / Georgia      [e-mail] 
  Financial PR Adviser     Edmonds                                 [phone] 
                                                                   4980 
 

About Active Energy Group:

Active Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch(R) is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring significant plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch(R).

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June 28, 2022 02:00 ET (06:00 GMT)