REG - Active Energy Group - Appointment of Chief Technology Officer

Active EnergyAnnouncement

20/06/2023 07:00

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RNS Number : 2815D  Active Energy Group PLC  20 June 2023

20 June 2023

 

Active Energy Group Plc

("Active Energy" or the "Company")

 

Appointment of Chief Technology Officer as Active Energy expands its US
operations

 

Active Energy (AIM: AEG, OTCQB: ATGVF), the international biomass based
renewable energy business, is pleased to announce the appointment of Barron
Hewetson as the Company's Chief Technology Officer, with effect from 1 July
2023, to focus on the development of CoalSwitch® production in the United
States. Barron's role will initially be in a non-Board capacity.

 

Barron joins Active Energy from Enviva Biomass Inc. ("Enviva"), where he has
worked since 2016. At Enviva, he has served in a number of roles, most
recently as the Director of Innovation and Product Management. During his time
in that role, Barron diversified Enviva's production portfolio by negotiating
contracts in new industry sectors and assisted in contract negotiations
totaling over $12.5 billion.

 

In a previous role at one of Enviva's subsidiaries, Sampson Wood Pellets
("Sampson Wood") in Faison, North Carolina, Barron served as both Operations
Manager and Quality Manager.  With the operational team, he successfully
increased plant production from below budget to above target and, using both
collaboration and process redesign, he improved Sampson Wood's existing
biomass program, earning Sampson Wood pellets recognition from its
international customers for producing the "World's Best Wood Pellets."

 

As Special Projects Leader at Sampson Wood, Barron was also responsible for
the  team that designed and implemented a novel steam injection system.
Barron's industry experience in growing and operating commercial scale biomass
energy manufacturing businesses will be crucial as Active Energy scales up
operations in North America. The Company is already examining expansion
opportunities for manufacturing operations throughout North America as it
seeks to meet the anticipated demand for its CoalSwitch® fuel.

 

Prior to joining Enviva, Barron was a founder of Spero Energy, where he worked
during his graduate studies. Barron has a Master of Science and a PhD in
Agricultural and Biological Engineering from Purdue University, as well as a
Bachelor of Arts from Wabash College.

 

Michael Rowan, CEO, Active Energy Group, said:

"Active Energy is adding depth and breadth to the management team as we reach
a critical point in the Company's development. With construction activities
accelerating, future production operations at the Ashland Reference Facility
remain on schedule. Whilst first fuel deliveries remain the prime focus,
Active Energy needs to start planning for future product and manufacturing
development. Barron provides unique industry expertise with a proven track
record on delivery.  We look forward to Barron becoming a member of the
executive team."

 

Barron Hewetson, CTO, Active Energy Group, said:

"I am very excited to be joining Active Energy at this time in the Company's
development. CoalSwitch®, as a next generation biomass fuel, is the superior
biocarbon product urgently needed by the biomass industry to address both
increasing environmental demands as well as greater economic efficiencies.  I
look forward to getting to work, helping Active Energy accelerate the
production of CoalSwitch®, both in North America and internationally. "

 

Enquiries: 

 

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

                                  Michelle Fagan (Chief Financial Officer)

                                  Steve Schaar (Chief Operating 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                                                            jwilliams@scovillepr.com

 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.  In 2022 Active Energy's partner, Player
Design Inc commenced the process for building a production facility for
Coalswitch® at PDI's facility at Ashland, Maine.  Under a "take or pay"
arrangement Active Energy will purchase CoalSwitch® from PDI for sale to the
Company's prospective customers in the US and Europe.

 

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