- Active Energy was awarded a US$0.5m building re-use and renovation grant for its new manufacturing site in Lumberton, Robeson County, North Carolina.

The grant was awarded after the North Carolina Rural Infrastructure Authority voted to support the project on Thursday 18th April, 2019.

Working with partners in North Carolina, Active Energy was aiming to make the Lumberton Site, the primary base for all the company's United States CoalSwitch operations.

CoalSwitch, a biomass-based fuel that utilises low-value forestry and agricultural residues and other feedstocks, 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 modifications,' the company said.

'We are delighted to receive this grant from the North Carolina Rural Infrastructure Authority and their vote of confidence as we continue to make progress on delivering our first commercial CoalSwitchâ„¢ product to market, which is our primary focus,' said Michael Rowan, CEO of AEG.

'Importantly, the Lumberton Site provides a foundation for our onward expansion as it benefits from proximity to multiple power stations as well as the U.S. Eastern Seaboard, ensuring AEG is connected to established export routes for sales of CoalSwitchâ„¢ domestically and internationally.'

At 9:39am: [LON:AEG] Active Energy Group share price was +0.02p at 0.49p

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