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Richard Spink of Active Energy Group talks with Doc about the excitement concerning CoalSwitch AEG

On Wednesday Doc caught up with Richard Spinks, CEO of Active Energy Group (LSE:AEG). They talked about recent developments with this forestry management/renewable energy company, which is developing a coal replacement fuel called CoalSwitch. Richard has been working for a number of years on developing the technology and AEG appears to be on the cusp of releasing it globally.

AEG’s technology converts poor quality timber or wood waste into a condensed compound, which can be used as a replacement for coal. The reduced carbon content of AEG’s product could help clean up old outdated coal-burning power stations, transforming them into rejuvenated and greener operations.

In line with the global move to reduce carbon footprints and move away from reliance on dirty fuels, this opens the door to greener alternatives such as CoalSwitch. While there are many competing technologies out there in this space, most of these require dramatic change and major overhauls of power planets and industrial processes. CoalSwitch offers a much simpler alternative.

As Richard comments, the value of CoalSwitch is that it “looks like coal, acts like coal and burns like coal”. Thanks to the energy density of the product and its ease of shipping, the overall energy efficiency of CoalSwitch could even rival coal itself. The coming months could prove to be extremely exciting for this company, as it seeks to build on its recent trials.

The interview can be listened to by clicking on the link below.

 

 

Disclosure
The author of this piece does not own shares.

Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

  • Richard Mason does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.
  • Richard Mason has not been paid to produce this piece by the company or companies mentioned above.

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