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 CoalSwitch^TM 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: [phone]
Allenby Capital Limited Joint Broker	Amrit Nahal/ David Worlidge	Office: [phone]
Camarco Financial PR Adviser	Gordon Poole / Tom Huddart / Emily Hall	[e-mail] Office: [phone]

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.

 

END

 

 

MSCEAKNDEELEEFA