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Active Energy Group PLC - London-based biomass focused renewable energy business - Narrow pretax loss in 2021 to $5 million from $7.0 million the previous year. Loss includes an impairment of $2.0 million related to damaged reactors following component failure at Ashland on the US east coast. Revenue falls sharply to $644,914 from $1.6 million. Assets increase to $21.7 million from $18.1 million. Continues to focus on delivery of the first CoalSwitch production facility in Ashland.
Chief Executive Michael Rowan says: ‘2021 was an important year for AEG. We have restructured the balance sheet, extinguished former financial restrictions and raised monies to start to develop CoalSwitch to commercial production. CoalSwitch was delivered to potential customers in 2021 and this has continued during 2022.’
Current stock price: 0.16 pence, up 5.5%
12-month change: down 78%
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