Active Energy Group Awarded Multiple New Patents for its Revolutionary Process that Converts Waste Biomass into Clean Fuel

Rhea-AI Summary

Active Energy (OTCQB:ATGVF) has secured multiple new patents for its renewable energy technology, specifically for its CoalSwitch product, which is a sustainable alternative to traditional coal. The recently awarded patents in the US and Canada bolster the company's intellectual property and allow it to expand its market presence. The CoalSwitch technology, which can be produced without significant hardware changes, promises substantial reductions in emissions—up to 99% compared to coal. Furthermore, AEG is nearing the completion of its first commercial-scale CoalSwitch facility in Maine, set to be operational in late spring.

Positive

• Secured multiple patents for CoalSwitch technology, enhancing market competitiveness.
• CoalSwitch can reduce CO2 emissions by up to 99% compared to coal.
• Development of a commercial-scale facility in Maine is underway.

Negative

• None.

LONDON, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based renewable energy business, has been awarded multiple new patents for turning lumber and forestry waste into clean energy. The patents further extend AEG’s intellectual property for its CoalSwitch product, a first of its kind “drop-in” replacement for traditional coal made from renewable resources.

In the US, the United States Patent and Trademark Office has issued two patents, No. 10,647,935 and No. 10,858,607 and the Canadian Patent Office has issued Patent No. 2,999,447, for treating and preparing biomass to be used as fuel.

“These patents reflect and protect our innovative technology, ensuring that we can confidently and exclusively offer CoalSwitch and other products that help our customers reduce emissions and pollution without needing to install or upgrade hardware, pay for costly offsets or pay more for fuel,” said Michael Rowan, CEO of Active Energy Group.

The award of three new Patents builds on the successful receipt of the Malaysian Patent for CoalSwitch^® in July 2022 and with patents awarded in the United States in 2020 for the manufacturing and production of CoalSwitch and in Canada in 2021 for beneficiating and cleaning biomass. The Company continues to file further patent applications globally, targeting significant markets such as Europe and Asia.

AEG is currently in the final states of constructing its 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

FAQ

What is the latest patent news for Active Energy (ATGVF)?

Active Energy has been awarded multiple new patents for its CoalSwitch technology, enhancing its intellectual property portfolio.

How does CoalSwitch technology compare to traditional coal?

CoalSwitch can reduce CO2 emissions by up to 99% compared to traditional coal.

When will Active Energy's new facility in Maine be operational?

The commercial-scale CoalSwitch production facility in Maine is expected to be operational in late spring.

What are the benefits of using CoalSwitch as a fuel alternative?

CoalSwitch is a drop-in fuel that significantly reduces emissions and can be co-fired with coal without the need for major equipment modifications.