RCS - Active Energy Group - Award of Additional CoalSwitch Production Patent

Active EnergyAnnouncement

25/07/2023 07:00

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RNS Number : 0223H  Active Energy Group PLC  25 July 2023

Reach - non-regulatory announcement*

 

25 July 2023

 

Active Energy Group Plc

("Active Energy", or the "Company")

 

Award of Additional CoalSwitchÒ Production Patent

 

Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based
renewable energy business, is pleased to announce it has been awarded a
further patent from the US Patent and Trademark Office with respect to the
Company's proprietary technology for process for beneficiating and cleaning
biomass (US Patent No. 11,702,607).

 

The patent awards Active Energy with the rights to exclude others from making,
using, and selling any apparatus or system that includes the Company's
existing CoalSwitchÒ existing production technology.

 

Active Energy's patented system includes a reaction vessel that increases
exposure of biomass within the reaction vessel to steam. This latest-issued
patent complements earlier patents that Active Energy has been granted for its
CoalSwitch® production technology.

 

CoalSwitch® has been shown to reduce lifecycle CO(2) emissions by up to 99
per cent. compared to coal and up to 97 per cent. compared to natural gas in
an independent report from Life Cycle Associates. This is in addition to
independent testing completed under the Sustainable Transportation and Energy
Program ("STEP") that has shown that CoalSwitch®, can readily co-fire with
coal without significant additional capital expenditure and in doing so
significantly reduces emissions and produces fewer pollutants.

 

Barron Hewetson, Chief Technology Officer of Active Energy, commented: "The
award of this patent builds upon the original patent and increases Active
Energy's ability to control the resulting fixed carbon content of the finished
product. To simplify, our steam explosion unlocks pathways that weren't
previously economically viable, and we are now able to strategically target
industries and commercial sectors that were previously not available.  We are
expanding upon the "steam explosion" process and capitalizing on the inherent
synergy of other waste biomass and waste wood production systems in novel ways
to drive future growth, notably in pre-treatment systems and alternate thermo
treatment systems, including pyrolysis."

 

 

Enquiries:

 Active Energy Group Plc        Michael Rowan (Chief Executive Officer)                                 info@aegplc.com

                                Michelle Fagan (Chief Financial Officer)

                                Barron Hewetson (Chief Technology Officer)

 Allenby Capital Limited        Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance)   Office: +44 (0)20 3328 5656

 Nominated Adviser and Broker   Amrit Nahal (Sales/Corporate Broking)
 Camarco                        Tom Huddart / Emily Hall / Lily Pettifar                              aeg@camarco.co.uk (mailto:aeg@camarco.co.uk)

 Financial PR Adviser                                                                                 Office: +44 (0)20 3757 4980
 Scoville PR                    John Williams                                                         aeg@camarco.co.uk

 US PR Adviser

 

 Website         LinkedIn                                Twitter
 www.aegplc.com  www.linkedin.com/company/activeenergy   https://twitter.com/aegplc (https://twitter.com/aegplc)

                                                        @aegplc

 

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