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Progress Update: CoalSwitch® Commercial Deployment
Active Energy Group plc has announced progress on its CoalSwitch® technology, with senior management visiting Poland to advance discussions with ICE and assess commercial deployment opportunities in the municipal heat and power sector. A large privatised municipal CHP operator has formally invited ICE, in partnership with AEG, to locate the first ICE/CoalSwitch® validation plant within an existing industrial building adjacent to its operational CHP boilers. This co-location will allow for validation under real-world conditions, with the plant expected to be operational within approximately six months. Key outcomes include agreement in principle to commission the validation plant, establish an off-take framework, develop a joint commercial framework for scale-up, and progress documentation for a potential larger-scale facility, subject to approvals and funding. Disclaimer*
About this update from Active Energy Group Plc
[{"type":"text","content":"\n\nThis is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance\n18 December 2025\nActive Energy Group plc\n \n(\"AEG\" or the \"Company\")\n\nProgress Update: CoalSwitch® Commercial Deployment and Polish Municipal CHP Engagement ICE\n \nActive Energy Group plc (AIM: AEG OTC: ATGVF) provides a further update on the commercial deployment of its CoalSwitch® technology, following the Company's recent announcement regarding the completion of its strategic review and the renewed collaboration with ICE (Indigenous Canadian Energy). \n \nOngoing Strategic Focus and Poland Engagement\n \nAs part of the Board's continued focus on maximising long-term value from CoalSwitch®, AEG senior management recently travelled to Poland to progress discussions with ICE, led by CEO Richard Spinks, and to assess live commercial deployment opportunities within the municipal heat and power sector.\n \nThe visit formed part of AEG's wider strategy to move CoalSwitch® beyond evaluation and into practical, revenue-generating applications through partnerships with experienced operators and credible off-takers. Management's on-site engagement reinforced the Board's view that CoalSwitch® can play a meaningful role in coal-replacement markets when deployed alongside proven SEBP expertise.\n \nProgress Toward the First ICE/CoalSwitch® Validation Plant\n \nDuring the visit, AEG and ICE met with senior management of a large privatised municipal combined heat and power (\"CHP\") operator supplying approximately 40% of the city's district heating requirements. The CHP operator formally invited ICE, in partnership with AEG, to locate the first ICE/CoalSwitch® validation plant within an existing industrial building adjacent to its operational CHP boilers.\n \nThis proposed co-location would allow CoalSwitch® and ICE Black Pellets™ to be validated under real-world operating conditions, using existing infrastructure and live heat and power demand. The opportunity to demonstrate SEBP fuels in a functioning municipal CHP environment was viewed by AEG as a significant step toward unlocking longer-term commercial value.\n \n Key Outcomes of the Engagement\n \nAEG, ICE and t...