LONDON: Active Energy, a renewable energy company, has reached a settlement agreement with Player Holdings and its subsidiaries (PDI) over the former production of CoalSwitch®, a biomass fuel, at PDI’s facility in Maine.

The settlement involves PDI paying Active Energy $1.65 million and taking over some of the production equipment that Active Energy had invested in. PDI will also keep its own intellectual property on its production methods, but will not use Active Energy’s trademarks or proprietary technology.

Active Energy retains all its original patents on the steam explosion process, which is the core of CoalSwitch®. It also drops all legal claims against PDI.

Active Energy is now working with a new partner, Omega Thermal Solutions, to develop a new manufacturing process and create variants of CoalSwitch® that can be used in various industries. This is expected to generate new revenue streams for the company.

Michael Rowan, CEO of Active Energy, commented: “An agreement with PDI regarding the former production activities at Ashland has been achieved. The Company can now develop an alternative strategy for the future production of CoalSwitch® utilizing the knowledge gained from the operations at Ashland and the commercial scale burn tests we have completed.”

Active Energy appoints Barron Hewetson as the Company’s Chief Technology Officer