Europe remains a natural market especially as new legislation aimed at limiting the use of coal power is introduced, said chairman Michael Rowan.
A testing programme, producing smaller samples of biomass fuels, is being established both for potential US and European customers, which includes Rocky Mountain Power in Utah and a Europe-based biomass trader, as well as agricultural and forestry companies and complementary renewable technology businesses.
Rowan added in the interim statement: “In summary, the team has made significant progress.
“We have acquired the Lumberton Site and have a defined plan for the commercialisation of CoalSwitch contemporaneously with additional products.”
Losses for the half-year were £1.83mln (£1.6mln) with Active Energy yet to start generating revenues as Lumberton is in its start-up phase.
Lumberton, in North Carolina, will the base for all Active Energy's CoalSwitch operations in the US.