REG - Active Energy Group - Response to notice from the SELC

Active EnergyAnnouncement

10/02/2022 07:00

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RNS Number : 2240B  Active Energy Group PLC  10 February 2022

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

10 February 2022

Active Energy Group Plc

("Active Energy" or the "Company")

 

Response to notice from the Southern Environmental Law Center in regard to the
Company's activities at Lumberton, North Carolina

 

Active Energy, the London quoted international biomass based renewable energy
business, has received a "notice of intent to sue" letter from the Southern
Environmental Law Center (the "SELC") alleging that the Company is discharging
wastewater without the required permits from its Lumberton property in North
Carolina. This notice follows on from the original claim made by SELC, which
was announced by the Company on 4 May 2021, to which the Company has actively
sought resolution. The SELC is a non-profit, environmental lobbying group.

Active Energy is not currently operating at Lumberton. The Company has not
discharged any wastewater other than what is required under its permits and
required by the historic statutory remediation obligations associated with the
property.

The Company denies the allegations made by the SELC in the notice and will
continue to take robust legal action in response and in defence.

Active Energy continues to review all its options at Lumberton, North
Carolina.

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                              Gordon Poole / Tom Huddart / Emily Hall                                    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 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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