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Active Energy Group - Awarded London Stock Exchange's Green Economy Mark

RNS Number : 0031Y
Active Energy Group PLC
04 September 2020
 

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

4 September 2020

Active Energy Group Plc

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

Awarded London Stock Exchange's Green Economy Mark

 

Active Energy, the international biomass based renewable energy business, is delighted to announce that it has been awarded the Green Economy Mark by the London Stock Exchange (the "LSE").

The Green Economy Mark, first introduced in 2019, highlights companies and investment funds listed on the LSE's Main Market or on AIM that are driving the global green economy. To qualify for the Green Economy Mark, an issuer must generate 50% or more of its total annual revenues from products and services that contribute to the global green economy. Its underlying methodology incorporates the Green Revenues data model developed by FTSE Russell.

The Green Economy Mark allows greater visibility for investors interested in Green Economy activities and recognises those companies that are contributing to a greener and more sustainable economy. The LSE is the first exchange in the world to introduce such a certification.

Michael Rowan, CEO, Active Energy Group, said:

"We are proud to have received the LSE's Green Economy Mark. The award validates Active Energy's green credentials, achieved through the development of our CoalSwitchTM technology. Our strategy continues to focus on development of environmental and sustainable biomass solutions from our operations hub at Lumberton and we look forward to updating all stakeholders on future developments."

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

ENDS

Enquiries:

 

Website

LinkedIn

 

www.aegplc.com

www.linkedin.com/company/activeenergy

 

 

 

Enquiries

Active Energy Group Plc

Michael Rowan

Chief Executive Officer

Antonio Esposito

Chief Operations Officer

 

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

 

David Hignell / Caroline Rowe

Office: +44 (0)20 3470 0470

Allenby Capital Limited

Joint Broker

Amrit Nahal/David Worlidge

Office: +44 (0)20 3328 5656

Camarco

Financial PR Adviser

Gordon Poole / Tom Huddart / Emily Hall

[email protected]

Office: +44 (0) 20 3757 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™ 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 plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch™ and a low emission CoalSwitch™ blend that utilises other waste materials.

 

 

 

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Quick facts: Active Energy Group PLC

Price: 0.4525

Market: LSE
Market Cap: £6.97 m
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