- Active Energy Group
- 19 April 2024 17:20:23
Source: Sharecast
The AIM-traded firm said deliveries of the first CoalSwitch fuel to PacifiCorp's Hunter Valley power plant would begin this week for use in their testing programme, which was scheduled for the week of 14 June.
It said CoalSwitch production at the Ashland facility was part of the joint venture between AEG and Player Design, announced on 20 May.
The Ashland facility was granted an initial permit for the production of 1,000 tons of CoalSwitch, to be produced by 31 July.
Emissions data from the initial production would be supplied to the State of Maine for analysis.
The joint venture would then apply to the State of Maine to extend the terms of the permit, to enable the Ashland facility to expand its production to up to 35,000 tonnes of CoalSwitch each year.
“We are delighted to have successfully commissioned the Ashland Facility and to have begun production of CoalSwitch,” said chief executive officer Michael Rowan.
“This is part of AEG's plan to have two operational CoalSwitch plants on the east coast of the US during 2021.
“We will now proceed to deliver CoalSwitch to PacifiCorp on time and accelerate the CoalSwitch fuel testing programme.”
At 0914 BST, shares in Active Energy Group were up 6.4% at 0.74p.