REG - Active Energy Group - Lifecycle Associates’ analysis on CoalSwitch®

Active EnergyAnnouncement

28/06/2022 07:00

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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®

 

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® 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/ (https://www.lifecycleassociates.com/)
).

Highlights

·    The Life Cycle Associates analysis demonstrates that pellet made from
lumbermill waste, such as CoalSwitch® 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® 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® 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® heating value is equivalent to  coal and better than white
pellets

In early 2022, AEG received the results of independent testing
(https://www.globenewswire.com/en/news-release/2022/02/07/2379913/0/en/Grid-scale-Testing-Shows-CoalSwitch-Significantly-Reduces-Ash-Nitrogen-Oxide-and-Sulphur-Dioxide-Compared-to-Burning-Coal-in-Power-Plant.html)
that demonstrated CoalSwitch® 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®. These conclusions provide much needed data to prospective
customers of CoalSwitch® who have asked for this information from AEG in
recent months. We can now confirm CoalSwitch® is not only sustainably
sourced, but also provides significant performance improvements in greenhouse
gas emissions as compared to coal and natural gas. CoalSwitch® continues to
demonstrate that in addressing immediate environmental concerns, it is the
next generation biomass fuel."

ENDS

 

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

                                      Andrew Diamond (Chief Financial Officer)

 Allenby Capital Limited              Nick Naylor / James Reeve / Freddie Wooding (Corporate Finance)            +44 (0)20 3328 5656

 Nominated Adviser and Joint Broker   Amrit Nahal (Sales and Corporate Broking)

 Panmure Gordon & Co                  John Prior / James Sinclair-Ford / Harriette Johnson (Corporate Finance)   +44 (0)20 7886 2500

 Joint Broker                         Hugh Rich (Corporate Broking)

 Camarco                              Tom Huddart / Emily Hall / Georgia Edmonds                                 aeg@camarco.co.uk

 Financial PR Adviser                                                                                            +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 significant plant modification. Active Energy Group's immediate
strategic focus is the production and commercialisation of CoalSwitch®.

 

 

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