REG - Active Energy Group - Appointment of Chief Operating Officer

Active EnergyAnnouncement

01/03/2023 07:01

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RNS Number : 3878R  Active Energy Group PLC  01 March 2023

 

1(st) March, 2023

 

Active Energy Group Plc

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

 

Appointment of Chief Operating Officer to expand AEG's US operations

 

Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based
renewable energy business, is pleased to announce the appointment of Steve
Schaar as Chief Operating Officer of AEG to focus on the development of
CoalSwitch® production in the United States. Steve's role will initially be
in a non-Board capacity.

 

Steve has more than 25 years' experience of operations, project development,
programme management and new product launches from a broad range of
industries. Of particular significance is his recent experience at Enviva
Biomass, one of the world's largest producers of biomass fuels. Steve ran
large operating production assets whilst acting as plant manager in the
Mid-Atlantic and Wilmington regions for Enviva Biomass' production facilities
at Sampson, North Carolina and Southampton, Virginia.

 

His industry experience in growing and operating commercial scale biomass
energy manufacturing businesses will be crucial as AEG's engineering partner,
Player Design Inc, prepares to commission the first manufacturing facility of
CoalSwitch® in Maine. The Company is already examining expansion
opportunities for manufacturing operations throughout North America.

 

In addition, Steve has managed global new product programs and large capital
growth expansion projects for John Deere Crop Harvesting, and operations for
GE Oil & Gas and Ford Motor Company. Prior to joining AEG, Steve led a
$180M capital expansion project for Burnham RNG, developing and operating
renewable energy projects in the US.

 

Steve holds a Master of Business Administration from Baker College and a
Bachelor of Science Degree in Automated Manufacturing Engineering Technology
from the University of Akron.

 

Michael Rowan, CEO of Active Energy, said: "Steve's appointment comes at an
important time for Active Energy as our partner, Player Design Inc, prepares
to commission the first industrial scale CoalSwitch® production plant in the
United States, in Ashland, Maine. Steve's relevant experience from the biomass
industry is crucial for AEG's ability to not only ensure commencement of full
scale production operations in Ashland as quickly as possible, but also to
create the platform within AEG to allow for future production capacity
growth."

 

Steve Schaar, COO of Active Energy, said: "I am hugely excited with the
opportunity AEG is creating in the future production of CoalSwitch® as a next
generation biomass fuel. I have spent more than 20 years developing complex
manufacturing plants and projects and I believe that CoalSwitch® can do what
no other pellet can do, helping utilities and hard-to-decarbonise industries
accelerate their transition toward the consumption of sustainable fuels. I
look forward to getting to work at this important time for the Company."

 

Enquiries:

 Active Energy Group Plc        Michael Rowan (Chief Executive Officer)                                 info@aegplc.com

                                Michelle Fagan (Chief Financial Officer)
 Allenby Capital Limited        Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance)   Office: +44 (0)20 3328 5656

 Nominated Adviser and Broker   Amrit Nahal (Sales/Corporate Broking)
 Camarco                        Tom Huddart / Emily Hall / Lily Pettifar                              aeg@camarco.co.uk

 Financial PR Adviser                                                                                 Office: +44 (0)20 3757 4980
 Scoville PR                    John Williams                                                         aeg@camarco.co.uk

 US PR Adviser

 

 Website         LinkedIn                                Twitter
 www.aegplc.com  www.linkedin.com/company/activeenergy   https://twitter.com/aegplc (https://twitter.com/aegplc)

                                                        @aegplc

 

About Active Energy Group:

 

Headquartered in London with operations in the United States, Active Energy
Group plc (AIM: AEG, OTCQB:ATGVF) is a biomass-based renewable energy company
focused on the production and development of next generation biomass products
that have the potential to transform coal fired power and heavy industries and
the existing renewable biomass industry.

 

AEG has developed a proprietary technology which transforms waste biomass
material into high-value renewable fuels. Its patented product CoalSwitch® is
a leading drop-in biomass renewable fuel that can be blended and co-fired with
coal at any ratio without requiring significant plant modification or wholly
replacing existing biomass fuels.

 

More information is available at www.aegplc.com (http://www.aegplc.com) and
www.coalswitch.us (http://www.coalswitch.us) .

 

 

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