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(Alliance News) - Active Energy Group PLC on Monday said it has won multiple patents for turning forest waste into clean energy.
Active Energy is a London-based renewable energy business focused on the production of energy pellets made from biomass. Its shares were up 5.9% to 4.50 pence each in London on Monday morning.
In the US, the United States Patent & Trademark Office has issued two patents, number 10,647,935 and number 10,858,607, and in Canada, the Canadian Patent Office has issued patent number 2,999,447, for treating and preparing biomass to be used as fuel.
In July 2022, the company said it had been awarded the Malaysian patent for CoalSwitch. The CoalSwitch product is an energy pellet made from biomass.
It also won patent awards in the US in 2020 for the manufacturing and production of CoalSwitch and in Canada in 2021 for beneficiating and cleaning biomass.
Active Energy added that it continues to file further patent applications globally, targeting significant markets such as Europe and Asia.
Chief Executive Michael Rowan said: "We are delighted to have received three further patents for our CoalSwitch technology, the leading next generation biomass pellet. The patents add further protection to our pellet, which we believe is a revolutionary product in the biomass market."
By Sophie Rose, Alliance News reporter
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