Active Energy Group Names Steve Schaar Chief Operating Officer
01 Março 2023 - 9:00AM
Active Energy (AIM:AEG, OTCQB:ATGVF), announces the appointment of
Steve Schaar as Chief Operating Officer. Schaar’s deep experience
in running and growing commercial scale biomass energy
manufacturing business will be important as Active Energy nears
completion of the first manufacturing facility of CoalSwitch®.
CoalSwitch is a biomass-based clean energy pellet that performs as
well, costs the same and burns cleaner than traditional coal.
“The appointment of Steve comes at a critical time for Active
Energy as we are on the cusp of commissioning the first production
plant in the United States, in Ashland, Maine,” said Michael Rowan,
CEO of Active Energy. “But the Ashland facility is only the first
of many we expect to need to build to meet the growing demand for
our novel, clean energy pellet that nearly eliminates emissions
from hard-to-decarbonize industries and utilities reliant on coal.
Steve’s experience will be crucial for our ability to not only
ensure smooth operations in Ashland, but also to scale for future
growth.”
Schaar has more than 25 years of operations, project
development, program management and new product introduction
leadership from a broad range of industries. Of particular
significance is his experience at Enviva Biomass, one of the
world’s largest producers of sustainable wood pellets, where he ran
production facilities at Sampson, North Carolina and Southampton,
Virginia. Schaar holds a Master of Business Administration from
Baker College with a concentration in Leadership and a Bachelor of
Science Degree in Automated Manufacturing Engineering Technology
from the University of Akron. Steve is also a certified Six Sigma
Black Belt and holds a Project Management Professional (PMP)
certification from the Project Management Institute.
“I’ve spent more than 20 years developing complex manufacturing
plants and projects, and quite frankly have never seen a renewable
product that can perform as well as coal, is cost-competitive with
coal, and does not require modifications to existing coal burning
equipment,” said Schaar. “I believe CoalSwitch can do what no other
pellet can do – which is help utilities and hard-to-decarbonize
industries accelerate their transition to clean fuel. I can’t wait
to get started.”
AEG and its engineering partner, Player Design Inc are currently
in the final stages of constructing the first fully commercial
scale CoalSwitch production facility in Ashland, Maine where
commissioning is expected in late spring. CoalSwitch has been shown
to reduce CO2 emissions by up to 99 percent compared to coal and up
to 97 percent compared to natural gas in an independent report from
Life Cycle Associates. This is in addition to independent testing
carried out under the STEP Program (working with Rocky Mountain
Power) that showed this fuel can readily co-fire with coal and in
doing so significantly reduces emissions and produces fewer
pollutants. Additional peer-review research (published in 2023)
shows that unlike traditional “white” pellets, CoalSwitch does not
generate ash that can “foul” equipment.
About Active Energy Group:Headquartered in
London with operations in the United States, Active Energy Group
plc (AIM: AEG, OTCQB:ATGVF) is a biomass-based renewable energy
company focused on the production and development of next
generation biomass products that have the potential to transform
coal fired power and heavy industries and the existing renewable
biomass industry.
AEG has developed a proprietary technology which transforms
waste biomass material into high-value renewable fuels. Its
patented product CoalSwitch® is a leading drop-in biomass renewable
fuel that can be blended and co-fired with coal at any ratio
without requiring significant plant modification or wholly
replacing existing feedstock resources. More information is
available at www.aegplc.com and www.coalswitch.us
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2fe80b89-7c3c-4c78-ab49-96bde0a117c1
Media Contacts
US/Media Relations
John Williams, Scoville PR for AEG
+1-206-660-5503
jwilliams@scovillepr.com
UK/Financial Media
Camarco
+44 (0)20 3757 4980
aeg@camarco.co.uk
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