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Chair Capital has signed a Memorandum of Understanding with CoAlternative Energy Ltd, establishing a strategic funding partnership to support the company's next phase of growth.

CoAlternative Energy produces CAE Green Energy Pellets from deadwood sourced from burned and diseased forests, transforming waste biomass into a low-carbon fuel alternative. Operating through its Canadian subsidiary Power Wood Canada Corp., the company's plants run at 50 tons per hour with an annual capacity of 360,000 tons, enough to supply up to 750,000 households with clean energy per plant. The company won Renewable Energy Project of the Year at the 2025 Clean Energy Awards and has demonstrated commercial viability through partnerships with Indigenous communities in Canada.

Richard Armour, Chief Investment Officer at Chair Capital, commented: "CoAlternative Energy represents exactly the kind of transformative cleantech business we seek to support. Their black pellet technology sits at the critical intersection of energy transition and sustainable infrastructure, two of our core investment focus areas. We're excited to support their expansion journey."

The MOU establishes clear milestones and a structured roadmap for capital deployment, supporting CoAlternative Energy's expansion across North America and Europe.

David Peters, CEO and Founder of CoAlternative Energy, added: "Our partnership with Chair Capital validates the global demand for sustainable energy infrastructure that addresses both climate change and energy security. This MOU creates the necessary bridge to capitalise our production capacity and activate high-value, long-term supply contracts."

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