London-listed renewable energy company Active Energy Group (AEG) is set to establish a joint venture (JV) with Georgia Renewable Power (GRP), installing CoalSwitch facilities in the US.
The CoalSwitch production facilities will produce biomass fuel for AEG at GRP power plants.
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GRP maintains three biomass-to-energy power plants, which are located in North Carolina and Georgia. The plants have a total power generation capacity of nearly 165MW.
Active Energy chief executive Michael Rowan said: “This is an important development for Active Energy, which we believe will result in a significant increase in CoalSwitch and PeatSwitch production capacity in the US, the diversification of AEG’s activities in terms of both geography and feedstock, and additional revenue streams through biomass trading.
“This agreement will shorten the timescales for large-scale commercialisation of our CoalSwitch and PeatSwitch products and will also allow AEG to benefit from the experience and the presence of our partner GRP, thus strengthening our capabilities in the next operational phase of our business plan.
“We are delighted to be working with the GRP team who have been instrumental in the commercialisation and adoption of biomass-to-energy power generation in the south-east US.”
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By GlobalDataThe JV company called the Active Energy Renewable Power will first carry out the installation works at the GRP’s North Carolina facility.
After completing installation at the North Carolina facility, the JV intends to build two additional CoalSwitch facilities at each of GRP’s other biomass-to-energy power plant locations in Carnesville and Colbert, Georgia.
Currently, the plants in Georgia are under construction and are targeted to be commissioned by the middle of next year. Under the JV, 25t per hour CoalSwitch facilities are planned for construction at each site, to be installed in the coming 36 months.
Going further, the JV intends to expand the CoalSwitch production capacity up to 100t per hour in the region.
