Active Energy Group

What Active Energy Group does

Active Energy Group PLC is a London-headquartered, AIM-listed renewable energy and digital infrastructure company founded in 1996, originally a supplier of industrial wood chip for MDF manufacturing. The company has repositioned around four core offerings: CoalSwitch®, a patented second-generation hydrophobic biomass fuel produced from forestry and lumbermill residuals and designed as a drop-in replacement for coal in existing power plants; BTC Mining & AI Data, a digital infrastructure service deploying containerised, modular data centres for Bitcoin mining and AI/data hosting powered by renewable and surplus energy; Solar & Battery Storage, rooftop and ground-mounted PV projects with BESS sold under long-term PPAs to commercial landlords and tenants in the UK; and a Crypto Treasury strategy allocating up to 30% of reserves to digital assets including Bitcoin, Ethereum, Solana, XRP, and Litecoin.

The business model combines transaction-fee revenue from CoalSwitch® fuel sales, managed-services-style recurring income from digital infrastructure hosting, a share of mining output under the Bitdeer profit-sharing partnership, and inflation-linked PPA revenues from solar-plus-storage assets. Operations span the UK, USA, Canada, the UAE (Abu Dhabi and Taweela), and Saudi Arabia, with the UAE serving as the primary growth engine through a services and facilitation agreement with the Private Office of a UAE royal family member and Black Road Investment Group, alongside a 100MW LOI with Bitdeer Middle East. Manufacturing of CoalSwitch® is associated with a reference facility in Ashland, Maine operated with Player Design Inc. AEG is publicly traded on AIM (AEG) and OTCQB (ATGVF), has 51–100 employees, and is led by CEO Paul Robert Elliott and Non-Executive Chairman Pankaj Rajani.

The company is in an early commercial stage: no revenue is disclosed, the only forward revenue indicator is approximately US$7 million annualised at steady state from 15.5 MVA of UAE power capacity, and historical EBITDA and net income have been deeply negative from 2020 through 2024. Market capitalisation stands at approximately £2.65 million as of April 2026 against a heavily diluted share count of 5.2 billion, with 58.66% of shares in non-public hands. Strategic intent, as articulated, is to deploy up to 300MW of digital infrastructure capacity in the Middle East over three years, positioning AEG as a bridge between renewable energy generation, sovereign-aligned GCC infrastructure buildout, and digital asset treasury management.

Name

Active Energy Group

Legal name

Active Energy Group PLC

Website

https://aegplc.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Active Energy Group PLC is an AIM-listed London-based renewable energy and digital infrastructure company operating CoalSwitch® biomass fuel, Bitcoin mining and AI data hosting, UK solar-plus-storage PPAs, and a crypto treasury strategy, with expansion focused on UAE and Saudi Arabia power capacity.

Ownership category

akta.pro rank

Product category

Biomass Fuel Production

NAICS

Biomass Electric Power Generation (221117)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Biomass Combined-Cycle & Advanced Power Plants (e.g., BIGCC) (EUAAAGAF)

akta.pro secondary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

Keywords

• Biomass fuel production
• Renewable energy solutions
• Digital infrastructure hosting
• Solar battery storage
• Cryptocurrency treasury management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Digital Infrastructure Hosting: AEG deploys containerised data centres offered as a service to third parties for Bitcoin mining and AI/data hosting, generating recurring income from infrastructure hosting. The company converts surplus renewable energy into digital assets while providing ultra-low-cost power solutions to clients.
2. Mining Output Share: Under the profit-sharing partnership with Bitdeer, AEG receives a share of mining output in addition to infrastructure hosting fees, enabling revenue generation without large upfront capital investment in mining equipment.
3. Power Purchase Agreements (PPAs): AEG develops rooftop and ground-mounted solar and battery storage projects with long-term PPAs with commercial landlords or tenants, providing stable, inflation-linked revenues. The model supports AEG's transition into an owner-operator of renewable energy assets.
4. CoalSwitch® Fuel Sales: Revenue from production and sale of CoalSwitch® biomass pellets derived from forestry and lumbermill residuals, sold as drop-in replacement for coal to power generation and heavy industry customers.
5. Crypto Treasury Holdings: AEG holds digital assets including Bitcoin, Ethereum, SOL, XRP, and LTC as part of its treasury policy, allocating up to 30% of reserves to digital assets for value preservation and inflation hedging.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Active Energy Group is a publicly listed renewable energy company that produces and sells CoalSwitch® — a proprietary, IP-protected, hydrophobic second-generation biomass fuel derived from forestry and lumbermill residuals that serves as a drop-in replacement for coal. The company also develops rooftop and ground-mounted solar PV and battery energy storage projects under long-term Power Purchase Agreements, deploys modular containerised digital infrastructure for Bitcoin mining and AI/data colocation powered by renewable energy, and maintains a crypto treasury strategy allocating up to 30% of reserves to digital assets.

Product overview

Active Energy Group is a diversified renewable energy company operating a multi-product portfolio built around four core offerings: CoalSwitch® (proprietary IP-protected biomass fuel technology that converts forestry and lumber waste into a carbon-neutral coal replacement), BTC Mining & AI Data (digital infrastructure for Bitcoin mining and AI colocation using containerized, modular data centers powered by surplus renewable energy), Solar & Battery Storage (UK-based rooftop and ground-mounted solar projects with battery energy storage systems under long-term PPAs), and Crypto Treasury (strategic allocation of up to 30% of treasury reserves into digital assets including BTC, ETH, SOL, XRP, and LTC for inflation hedging). The company is expanding its international footprint through digital infrastructure projects in the UAE targeting up to 300MW capacity over three years.

Differentiator

Problem solved

Functional benefit

Brands

• CoalSwitch®: Next-generation carbon-neutral biomass fuel derived from waste forestry and lumber residuals, serving as a drop-in replacement for coal in existing power plants.

Products and services

• CoalSwitch® Biomass Fuel
• BTC Mining & AI Data Infrastructure
• Solar & Battery Storage PPAs
• Crypto Treasury Holdings

Quantifiable outcome

• 99% reduction in life-cycle emissions of coal burning
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Private Office of HH Sheikh Mohammed bin Ahmed bin Hamdan bin Mohammed Al NahyancoreStrategic or Co-development Partner · 7 May 2026Active Mining Group, AEG's subsidiary, signed a services and facilitation agreement with the Private Office of a UAE royal family member and Black Road Investment Group to support cryptocurrency mining licensing and infrastructure development in Abu Dhabi. The agreement targets developing an initial 50 MVA of capacity across multiple sites, advancing toward the company's goal of 100 MVA deployment.
• Black Road Investment GroupcoreGTM or Marketing Partner · 7 May 2026Black Road Investment Group serves as liaison partner in the UAE cryptocurrency mining licensing and infrastructure development agreement with the Private Office of HH Sheikh Mohammed bin Ahmed bin Hamdan Al Nahyan, facilitating site development and power access for digital infrastructure operations.
• Bitdeer Middle East Technology LtdcoreStrategic or Co-development Partner · 24 April 2026AEG signed a non-binding letter of intent with Bitdeer Middle East Technology Ltd, a subsidiary of Bitdeer Technologies Group, to form a profit-sharing partnership for developing a joint digital asset mining platform targeting a 100MW rollout. AEG provides power, data centre infrastructure, and operational management while Bitdeer supplies digital asset mining equipment and technical support. The arrangement generates two revenue streams: recurring income from infrastructure hosting and a share of mining output.
• Player Design InccoreTechnology or IntegrationAEG operates its Ashland, Maine manufacturing plant in association with Player Design Inc. The partnership completes the reference facility for CoalSwitch® production, with established lumber infrastructure and international connections. CoalSwitch® fuel produced from previous operations remains available for testing.
• Rocky Mountain PowerminorStrategic or Co-development PartnerListed as a partner brand on AEG's website alongside other academic and research institutions, indicating potential collaboration in renewable energy development.
• Brigham Young UniversityminorStrategic or Co-development PartnerListed as a partner institution alongside other universities, suggesting potential research collaboration in energy technology development.
• Chalmers University of TechnologyminorStrategic or Co-development PartnerListed as a partner institution, indicating potential research collaboration in energy technology from this Swedish technical university.
• The University of UtahminorStrategic or Co-development PartnerListed as a partner institution, suggesting potential research collaboration in energy and sustainability research.
• Life Cycle AssociatesminorStrategic or Co-development PartnerIndependent business and environmental consulting firm specializing in life cycle analysis of fuel production pathways. Conducted analysis on CoalSwitch® confirming environmental credentials.
• International Biomass Torrefaction Council (IBTC)minorStrategic or Co-development PartnerIBTC promotes sustainably produced torrefied or carbonized biomass on a global scale to efficiently replace fossil coal in all industries. AEG is a member contributing to global carbon-neutral economy transition.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Bitdeer Technologies Group: Public crypto mining operator with a Middle East subsidiary. Bitdeer is AEG's named LOI partner for a 100MW joint digital asset mining platform and shares AEG's digital-infrastructure-plus-mining model, although at vastly larger scale.
• HIVE Digital Technologies: Public Bitcoin miner with a stated commitment to green/renewable-powered data centers. Operates a similar mining-plus-renewable narrative, although at materially larger scale and primarily in Canada and Sweden.
• Hut 8: Public crypto mining and high-performance computing infrastructure operator with a diversified power strategy including renewable and behind-the-meter sources. Comparable to AEG's pivot into mining hosting plus AI/HPC digital infrastructure.
• Stronghold Digital Mining: Public Bitcoin miner that converts waste/secondary energy (historically coal-mine methane) into mining power. The business model of monetizing stranded or surplus energy through containerized mining rigs is closely analogous to AEG's UAE plan.
• Iris Energy: Public Bitcoin mining operator that explicitly powers its data centers with renewable energy. Iris shares AEG's combination of renewable power infrastructure and BTC mining economics, and competes for the same ESG-aligned mining customer profile.
• Marathon Digital Holdings: One of the largest publicly listed Bitcoin miners, increasingly focused on energy ownership and HPC/AI hosting. Represents the scaled end of the same digital asset infrastructure + energy thesis AEG is pursuing.
• Enviva: One of the world's largest producers of industrial wood pellets for power generation — the most direct manufacturing peer for CoalSwitch® biomass pellets serving utility and industrial offtakers globally.

Broad incumbents

• Lightsource bp: Global solar developer and BESS owner-operator, closely comparable to AEG's UK rooftop/ground-mounted solar plus battery storage PPA-based offering, although at significantly larger project scale.
• Drax Group: UK-listed global leader in renewable biomass power generation and a major consumer of biomass pellets. Drax is the natural customer profile for CoalSwitch® and the dominant incumbent in the biomass-to-power value chain AEG is targeting.

Regional players

• Fram Renewable Fuels: UK-based biomass fuel producer serving industrial and power customers in the UK and Europe. Direct competitor for CoalSwitch® wood-pellet volume in AEG's home market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/aegplc
• Facebookfacebook.com/activeenergygroupplc
• LinkedInlinkedin.com/company/activeenergy
• Instagraminstagram.com/aegplc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Active Energy Group