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ESG Clean Energy Responds to Kerrisdale Capital Report on Camber Energy

https://esgcleanenergy.com/wp-content/uploads/2021/11/K-report-response-release-16NOV2021.pdf

November 16, 2021

WEST SPRINGFIELD, Mass. – ESG Clean Energy, LLC (“ESG”), developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, released a statement today in response to a report issued by Kerrisdale Capital about Camber Energy (NYSE Amex:  CEI) and Viking Energy Group (“Viking”) (OTCQB:  VKIN) that ESG believes contains misleading and inaccurate information about ESG.

The full statement can be viewed here.

For more information about ESG Clean Energy, please visit www.ESGCleanEnergy.com.

# # # # 

About ESG Clean Energy, LLC

ESG Clean Energy, LLC (ESG) develops Net Zero Carbon Footprints and clean energy solutions for businesses and power providers using natural gas. The ESG system utilizes patented, off-the-shelf technology to efficiently produce electricity while capturing and converting 100% of the carbon dioxide and water vapor, which can be used in the production of various commodities, such as distilled water, ethanol, and urea. More information about ESG Clean Energy, its technology, and its current projects can be found at www.ESGcleanEnergy.com.

Media Contact:

Bill Wrinn

978-559-1970

November 16, 2021

Response to Kerrisdale Capital’s (KC) Report Mentioning ESG Clean Energy (ESG) and Scuderi Group (SG) Technology

Kerrisdale Capital issued a research report on Camber Energy Inc. (CEI).  It is not an independent and disinterested report.  Kerrisdale Capital is a short seller that held and may still hold positions in the stock of CEI. This report includes misinformation on Scuderi Group technology and a licensing arrangement between ESG Clean Energy and Camber/Viking. We welcome this opportunity to correct this information.

SG History

KC suggests that SG is not an established and viable firm. That is not correct. Carmelo J. Scuderi invented the Scuderi Split-Cycle Engine and, in 2002, started the Scuderi Group, Inc. The Scuderi Group is presently a research and development company with a large and growing patent portfolio. To date, the Scuderi Group has been issued, and maintains, over 200 domestic and foreign patents covering all aspects of internal combustion engine technology, energy storage, power generation, and carbon capture. The Scuderi Group owns all the patents, and its business model is the licensing of its technology.

The Scuderi Group and the SEC entered into a settlement regarding events that took place over ten years ago. Scuderi Group neither admits nor denies the allegations in the settlement. The settlement has nothing to do with the technology or the license agreement with ESG Clean Energy or the Camber license agreement.

A review of the Scuderi Group’s response to the Wells Notice from the SEC provides much more detailed information. The entire response to the Wells notice can be downloaded from the Scuderi Group website by following the link provided here.

The Technology and its Impact

To assess the technology and the value of the license requires a basic understanding of the technology, licensing, the power industry, and thermodynamics – the science behind the technology. Without at least a basic understanding of these critical areas, it is impossible to accurately assess the validity of the technology or the impact of the license. KC does not understand the technology.

Kerrisdale describes the technology as “in essence, the concept of collecting the exhaust gases emitted by a natural-gas-fueled electric generator, cooling it down to distill out the water vapor, and isolating the remaining carbon dioxide”. This is not correct.  The removal of the water from the exhaust is not done by simply cooling the exhaust. Condensation of water vapor is dependent on numerous psychrometric properties of air and water vapor including relative humidity, temperature, pressure, enthalpy, and the thermodynamics of energy required to accomplish the condensation. Simply trying to cool the exhaust will not work because it requires too much energy, and cooling alone will not achieve an exhaust dry enough to enable effective and efficient carbon capture utilizing solid adsorbers. One of the biggest advantages of the SG carbon capture system is the use of waste heat energy to drive the water condensation and its ability to generate carbon-free electricity utilizing its patented inverted Brayton cycle.

KC states that the Company mentions selling the captured CO2 to cannabis growers and then states that this would only cause additional CO2 to enter the atmosphere. Their conclusion claims to be based upon a study they cited in Nature Sustainability.  This is not correct.

The study cited in Nature Sustainability actually states that the major contributor of greenhouse gas (GHG) emissions from cannabis growers is from the CO2 produced by the electricity generated by the main grid in whatever city the growers operate. Cannabis growers have exceptionally large energy requirements because of the high intensity lights needed for the plants and the HVAC energy needed to control the heat and humidity of the indoor facility. The study also states that cannabis growers utilize CO2 to enhance the growth cycle of the plants. The study further states that the GHGs escaping into the atmosphere come from the electricity used to bottle the CO2 and the emissions from transportation of the bottled CO2 to the facility. However, the CO2 pumped into the facility to improve the grow cycle is absorbed by the plants and in fact is counted as a reduction in overall GHG emissions.

The SG technology addresses all the GHG emissions concerns for cannabis growers. All electricity, both for lights and HVAC requirements, which is produced by the SG system, is CO2 free. In addition, the CO2 captured during the production of the electricity is supplied to the cannabis grower, essentially closing the loop on power production, CO2 capture and CO2 utilization. Furthermore, since SG is a distributed power system, it is located very close to the growers and therefore has little to no GHG emissions due to transportation. Also, because clean excess power generated by the SG inverted Brayton cycle is used for the bottling of the CO2, there is no GHG emissions from the bottling operation. Accounting for the fact that the plants consume CO2, the result is a net reduction in GHG emissions.

The Markets

KC seeks to downplay the size of the potential market for the technology, but Canada’s carbon tax at $40 per metric ton is the highest in the western hemisphere, and it is expected to increase to $170 per ton by 2030.[1], [2] This tax will have a significant negative impact on any company that emits carbon dioxide, and almost every company that consumes power will emit carbon dioxide. This is especially true for industries requiring copious amounts of energy such as all indoor growers (not just cannabis growers), data centers, and crypto mining operations.

Another primary market for the SG technology is stranded gas wells in Canada and the United States. There are thousands of stranded gas wells across the United States that are non-producing assets.[3]  By utilizing the SG technology, these stranded wells can be made into distributed clean energy power centers that produce CO2-free commodities. It is not only the technology’s ability to capture carbon that makes it attractive, but also its ability to utilize waste heat energy to produce various commodities.

The License

The KC report mistakenly implies that there is something unusual about the licensing agreement. This is not correct.  Most technology license agreements have an upfront fee paid at the closing of the license agreement and a running royalty usually based on a percentage of revenue. (In ESG’s license with Camber part of the upfront fee will be paid in Viking stock. This furthermore underscores ESG’s belief in the technology). Higher upfront fees result in lower running royalties, and lower upfront fees result in higher running royalties. A license can have a zero upfront fee and still be very valuable to both the licensee and the licensor. The amounts are a negotiated compromise between the parties. Typically, a higher upfront fee means the licensee is assuming more risk of the technology being successful, and a lower upfront fee and a higher royalty shifts more of the risk to the licensor. A license agreement with an upfront fee of $5 million and a running royalty of 15% reflects the risk each party is willing to take. The structure of the deal does not determine its economic benefit.

A licensee is paying for the exclusive right to make, use, or sell the technology in a particular geographic area or market.  Here, the licensee is paying to receive a legal monopoly in the power generation field for a technology that will potentially give them a significant advantage over every other competitor. The exclusive use of the technology enables the licensee to charge more for its products and services. It enables them to grow market share and to expand into new markets, and it enables them to take advantage of a market created by government regulations and taxes. In addition, the license includes any additional or new technology that is developed by the licensor such as compressed air energy storage, hydrogen-based CO2 recycling systems, and others.

[1] https://www.futurelearn.com/info/futurelearn-international/canada-carbon-tax

[2] https://www.statista.com/statistics/483590/prices-of-implemented-carbon-pricing-instruments-worldwide-by-select-country/

[3] https://netl.doe.gov/sites/default/files/2020-12/Stranded-Natural-Gas-Roadmap-04142020.pdf

ESG Clean Energy Provides Exclusive IP License to Viking Energy for Use of Carbon-Capture System in all of Canada

Patented System Designed to Capture ∼ 100% of CO2 & Produce Saleable Commodities

September 09, 2021 12:40 PM Eastern Daylight Time

WEST SPRINGFIELD, Mass.–(BUSINESS WIRE)–ESG Clean Energy, LLC (“ESG”), developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today it has signed a licensing deal with Viking Energy Group, Inc. (“Viking”) (OTCQB: VKIN), a majority-owned subsidiary of Camber Energy, Inc. (NYSE Amex: CEI), for exclusive rights to use ESG’s CO2-free power generation technology in all of Canada.

The agreement allows Viking to use ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. The license is exclusive for all of Canada (unlimited number of systems), and non-exclusive for up to twenty-five locations in the United States.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ⁓ 100% of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

“Securing a license arrangement on this scale is a major milestone for ESG Clean Energy,” said Nick Scuderi, president of ESG Clean Energy. “This agreement enables ESG to not only expand our power generation business, but also allows us to provide more effective energy solutions outside the United States by leveraging the experience, expertise and relationships within the entire Viking and Camber organization.”

The ESG system is truly unique with its ability to create a Net Zero carbon outcome from a conventional, natural gas, internal combustion engine without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water and other commodities.

As a result, Net Zero Carbon Footprint power production is achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations – Can be made more affordable and safer for the environment by providing low-cost, CO2-free heat that is critical to its processing.
Nitrogen Removal – Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in wastewater treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.
Stranded Natural Gas Wells – Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.
Microgrids – Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.
Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package
Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

Original Article

Camber Energy Secures Exclusive IP License for Patented Carbon-Capture System

CEI

System Designed to Capture ⁓ 100% of CO2 & Produce Saleable Commodities

HOUSTON, TX / ACCESSWIRE / August 24, 2021 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) is pleased to announce its majority-owned subsidiary, Viking Energy Group, Inc., entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy, LLC (“ESG”) regarding ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide (the “ESG Clean Energy System”). The license is exclusive for all of Canada (unlimited number of systems), and non-exclusive for up to twenty-five locations in the United States.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ⁓ 100%of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

James Doris, President and Chief Executive Officer of Camber, commented, “In my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices. We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System.”

In addition to electrical power generation, the ESG Clean Energy System is designed to be utilized within a number of different environments, including:

  • Plastics Recycling Operations
  • Nitrogen Removal
  • Microgrids
  • Data Centers
  • Crypto Mining Operations

Additional details regarding the transaction were included in Camber’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on August 23, 2021, and is available under “investors” – “SEC filings” at www.camber.energy.

About Camber:

Based in Houston, Texas, Camber Energy, Inc. is a growth-oriented energy company. Through a majority-owned subsidiary, Camber owns interests in oil and natural gas assets in the United States, and provides custom energy solutions to commercial and industrial clients in North America. For more information, please visit the company’s website at www.camber.energy.

Original Article

ESG Clean Energy to Provide Clean, CO2 Free Power to Area Users

July 22, 2021 08:35 AM Eastern Daylight Time

HOLYOKE, Mass.–(BUSINESS WIRE)–ESG Clean Energy, LLC, developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today the installation of its first electric generation facility that will produce over 4.2 MW of clean power, emit zero CO2, and use the exhaust to provide low-cost distilled water to local manufacturers.

“A lot of research and development has gone into this new energy system. And as a result, we can now provide a real solution for not only generating clean electricity more efficiently but capturing the CO2 in a manner that the exhaust emits zero CO2 and helps produce precious commodities”

Under a Power Purchasing Agreement with Holyoke Gas & Electric (HG&E), a municipal power provider serving Holyoke, Mass., ESG will utilize a patented carbon-capture system that will enable HG&E to provide low cost energy to its residence while preventing over 15,000 tons of carbon dioxide from entering the atmosphere every year. It will also help boost the reliability of the area electric grid during peak usage times throughout the year.

Installation of two internal combustion engine units began in July at the 1.3-acre site located in Holyoke. The natural gas generators are scheduled for full operation after grid connections are complete.

“A lot of research and development has gone into this new energy system. And as a result, we can now provide a real solution for not only generating clean electricity more efficiently but capturing the CO2 in a manner that the exhaust emits zero CO2 and helps produce precious commodities,” said Olen A. Bielski III, director of business development at ESG Clean Energy. “So it’s exciting to see our first power generation project come to life.”

The ESG Clean Energy power generation system is able to utilize waste heat from a conventional, natural gas, internal combustion engine to drive its carbon dioxide capture technology without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water – and other commodities such as urea, methanol, and recycled plastics – while capturing close to 100% of the CO2.

As a result, Net Zero Carbon Footprint power production is achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations – Can be made more affordable and safe for the environment by providing low-cost, CO2-free heat that is critical to its processing.

Nitrogen Removal – Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in waste water treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.

Stranded Natural Gas Wells – Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.

Microgrids  Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.

Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package

Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

Original Article

ESG Clean Energy Provides Exclusive IP License to Viking Energy for Use of Carbon-Capture System in all of Canada

Patented System Designed to Capture ∼ 100% of CO2 & Produce Saleable Commodities

September 09, 2021 12:40 PM Eastern Daylight Time

WEST SPRINGFIELD, Mass.–(BUSINESS WIRE)–ESG Clean Energy, LLC (“ESG”), developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today it has signed a licensing deal with Viking Energy Group, Inc. (“Viking”) (OTCQB: VKIN), a majority-owned subsidiary of Camber Energy, Inc. (NYSE Amex: CEI), for exclusive rights to use ESG’s CO2-free power generation technology in all of Canada.

The agreement allows Viking to use ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. The license is exclusive for all of Canada (unlimited number of systems), and non-exclusive for up to twenty-five locations in the United States.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ⁓ 100% of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

“Securing a license arrangement on this scale is a major milestone for ESG Clean Energy,” said Nick Scuderi, president of ESG Clean Energy. “This agreement enables ESG to not only expand our power generation business, but also allows us to provide more effective energy solutions outside the United States by leveraging the experience, expertise and relationships within the entire Viking and Camber organization.”

The ESG system is truly unique with its ability to create a Net Zero carbon outcome from a conventional, natural gas, internal combustion engine without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water and other commodities.

As a result, Net Zero Carbon Footprint power production is achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations – Can be made more affordable and safer for the environment by providing low-cost, CO2-free heat that is critical to its processing.
Nitrogen Removal – Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in wastewater treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.
Stranded Natural Gas Wells – Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.
Microgrids – Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.
Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package
Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

Original Article

Camber Energy Secures Exclusive IP License for Patented Carbon-Capture System

CEI

System Designed to Capture ⁓ 100% of CO2 & Produce Saleable Commodities

HOUSTON, TX / ACCESSWIRE / August 24, 2021 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) is pleased to announce its majority-owned subsidiary, Viking Energy Group, Inc., entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy, LLC (“ESG”) regarding ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide (the “ESG Clean Energy System”). The license is exclusive for all of Canada (unlimited number of systems), and non-exclusive for up to twenty-five locations in the United States.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ⁓ 100%of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

James Doris, President and Chief Executive Officer of Camber, commented, “In my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices. We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System.”

In addition to electrical power generation, the ESG Clean Energy System is designed to be utilized within a number of different environments, including:

  • Plastics Recycling Operations
  • Nitrogen Removal
  • Microgrids
  • Data Centers
  • Crypto Mining Operations

Additional details regarding the transaction were included in Camber’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on August 23, 2021, and is available under “investors” – “SEC filings” at www.camber.energy.

About Camber:

Based in Houston, Texas, Camber Energy, Inc. is a growth-oriented energy company. Through a majority-owned subsidiary, Camber owns interests in oil and natural gas assets in the United States, and provides custom energy solutions to commercial and industrial clients in North America. For more information, please visit the company’s website at www.camber.energy.

Original Article

ESG Clean Energy to Provide Clean, CO2 Free Power to Area Users

July 22, 2021 08:35 AM Eastern Daylight Time

HOLYOKE, Mass.–(BUSINESS WIRE)–ESG Clean Energy, LLC, developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today the installation of its first electric generation facility that will produce over 4.2 MW of clean power, emit zero CO2, and use the exhaust to provide low-cost distilled water to local manufacturers.

“A lot of research and development has gone into this new energy system. And as a result, we can now provide a real solution for not only generating clean electricity more efficiently but capturing the CO2 in a manner that the exhaust emits zero CO2 and helps produce precious commodities”

Under a Power Purchasing Agreement with Holyoke Gas & Electric (HG&E), a municipal power provider serving Holyoke, Mass., ESG will utilize a patented carbon-capture system that will enable HG&E to provide low cost energy to its residence while preventing over 15,000 tons of carbon dioxide from entering the atmosphere every year. It will also help boost the reliability of the area electric grid during peak usage times throughout the year.

Installation of two internal combustion engine units began in July at the 1.3-acre site located in Holyoke. The natural gas generators are scheduled for full operation after grid connections are complete.

“A lot of research and development has gone into this new energy system. And as a result, we can now provide a real solution for not only generating clean electricity more efficiently but capturing the CO2 in a manner that the exhaust emits zero CO2 and helps produce precious commodities,” said Olen A. Bielski III, director of business development at ESG Clean Energy. “So it’s exciting to see our first power generation project come to life.”

The ESG Clean Energy power generation system is able to utilize waste heat from a conventional, natural gas, internal combustion engine to drive its carbon dioxide capture technology without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water – and other commodities such as urea, methanol, and recycled plastics – while capturing close to 100% of the CO2.

As a result, Net Zero Carbon Footprint power production is achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations – Can be made more affordable and safe for the environment by providing low-cost, CO2-free heat that is critical to its processing.

Nitrogen Removal – Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in waste water treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.

Stranded Natural Gas Wells – Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.

Microgrids  Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.

Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package

Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

Original Article

ESG Clean Energy Provides Exclusive IP License to Viking Energy for Use of Carbon-Capture System in all of Canada

Patented System Designed to Capture ∼ 100% of CO2 & Produce Saleable Commodities

September 09, 2021 12:40 PM Eastern Daylight Time

WEST SPRINGFIELD, Mass.–(BUSINESS WIRE)–ESG Clean Energy, LLC (“ESG”), developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today it has signed a licensing deal with Viking Energy Group, Inc. (“Viking”) (OTCQB: VKIN), a majority-owned subsidiary of Camber Energy, Inc. (NYSE Amex: CEI), for exclusive rights to use ESG’s CO2-free power generation technology in all of Canada.

The agreement allows Viking to use ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. The license is exclusive for all of Canada (unlimited number of systems), and non-exclusive for up to twenty-five locations in the United States.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ⁓ 100% of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

“Securing a license arrangement on this scale is a major milestone for ESG Clean Energy,” said Nick Scuderi, president of ESG Clean Energy. “This agreement enables ESG to not only expand our power generation business, but also allows us to provide more effective energy solutions outside the United States by leveraging the experience, expertise and relationships within the entire Viking and Camber organization.”

The ESG system is truly unique with its ability to create a Net Zero carbon outcome from a conventional, natural gas, internal combustion engine without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water and other commodities.

As a result, Net Zero Carbon Footprint power production is achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations – Can be made more affordable and safer for the environment by providing low-cost, CO2-free heat that is critical to its processing.
Nitrogen Removal – Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in wastewater treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.
Stranded Natural Gas Wells – Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.
Microgrids – Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.
Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package
Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

Original Article

Camber Energy Secures Exclusive IP License for Patented Carbon-Capture System

CEI

System Designed to Capture ⁓ 100% of CO2 & Produce Saleable Commodities

HOUSTON, TX / ACCESSWIRE / August 24, 2021 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) is pleased to announce its majority-owned subsidiary, Viking Energy Group, Inc., entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy, LLC (“ESG”) regarding ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide (the “ESG Clean Energy System”). The license is exclusive for all of Canada (unlimited number of systems), and non-exclusive for up to twenty-five locations in the United States.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ⁓ 100%of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

James Doris, President and Chief Executive Officer of Camber, commented, “In my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices. We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System.”

In addition to electrical power generation, the ESG Clean Energy System is designed to be utilized within a number of different environments, including:

  • Plastics Recycling Operations
  • Nitrogen Removal
  • Microgrids
  • Data Centers
  • Crypto Mining Operations

Additional details regarding the transaction were included in Camber’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on August 23, 2021, and is available under “investors” – “SEC filings” at www.camber.energy.

About Camber:

Based in Houston, Texas, Camber Energy, Inc. is a growth-oriented energy company. Through a majority-owned subsidiary, Camber owns interests in oil and natural gas assets in the United States, and provides custom energy solutions to commercial and industrial clients in North America. For more information, please visit the company’s website at www.camber.energy.

Original Article

ESG Clean Energy to Provide Clean, CO2 Free Power to Area Users

July 22, 2021 08:35 AM Eastern Daylight Time

HOLYOKE, Mass.–(BUSINESS WIRE)–ESG Clean Energy, LLC, developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today the installation of its first electric generation facility that will produce over 4.2 MW of clean power, emit zero CO2, and use the exhaust to provide low-cost distilled water to local manufacturers.

“A lot of research and development has gone into this new energy system. And as a result, we can now provide a real solution for not only generating clean electricity more efficiently but capturing the CO2 in a manner that the exhaust emits zero CO2 and helps produce precious commodities”

Under a Power Purchasing Agreement with Holyoke Gas & Electric (HG&E), a municipal power provider serving Holyoke, Mass., ESG will utilize a patented carbon-capture system that will enable HG&E to provide low cost energy to its residence while preventing over 15,000 tons of carbon dioxide from entering the atmosphere every year. It will also help boost the reliability of the area electric grid during peak usage times throughout the year.

Installation of two internal combustion engine units began in July at the 1.3-acre site located in Holyoke. The natural gas generators are scheduled for full operation after grid connections are complete.

“A lot of research and development has gone into this new energy system. And as a result, we can now provide a real solution for not only generating clean electricity more efficiently but capturing the CO2 in a manner that the exhaust emits zero CO2 and helps produce precious commodities,” said Olen A. Bielski III, director of business development at ESG Clean Energy. “So it’s exciting to see our first power generation project come to life.”

The ESG Clean Energy power generation system is able to utilize waste heat from a conventional, natural gas, internal combustion engine to drive its carbon dioxide capture technology without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water – and other commodities such as urea, methanol, and recycled plastics – while capturing close to 100% of the CO2.

As a result, Net Zero Carbon Footprint power production is achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations – Can be made more affordable and safe for the environment by providing low-cost, CO2-free heat that is critical to its processing.

Nitrogen Removal – Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in waste water treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.

Stranded Natural Gas Wells – Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.

Microgrids  Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.

Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package

Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

Original Article

ESG Clean Energy Provides Exclusive IP License to Viking Energy for Use of Carbon-Capture System in all of Canada

Patented System Designed to Capture ∼ 100% of CO2 & Produce Saleable Commodities

September 09, 2021 12:40 PM Eastern Daylight Time

WEST SPRINGFIELD, Mass.–(BUSINESS WIRE)–ESG Clean Energy, LLC (“ESG”), developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today it has signed a licensing deal with Viking Energy Group, Inc. (“Viking”) (OTCQB: VKIN), a majority-owned subsidiary of Camber Energy, Inc. (NYSE Amex: CEI), for exclusive rights to use ESG’s CO2-free power generation technology in all of Canada.

The agreement allows Viking to use ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. The license is exclusive for all of Canada (unlimited number of systems), and non-exclusive for up to twenty-five locations in the United States.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ⁓ 100% of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

“Securing a license arrangement on this scale is a major milestone for ESG Clean Energy,” said Nick Scuderi, president of ESG Clean Energy. “This agreement enables ESG to not only expand our power generation business, but also allows us to provide more effective energy solutions outside the United States by leveraging the experience, expertise and relationships within the entire Viking and Camber organization.”

The ESG system is truly unique with its ability to create a Net Zero carbon outcome from a conventional, natural gas, internal combustion engine without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water and other commodities.

As a result, Net Zero Carbon Footprint power production is achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations – Can be made more affordable and safer for the environment by providing low-cost, CO2-free heat that is critical to its processing.
Nitrogen Removal – Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in wastewater treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.
Stranded Natural Gas Wells – Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.
Microgrids – Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.
Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package
Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

Original Article

Camber Energy Secures Exclusive IP License for Patented Carbon-Capture System

CEI

System Designed to Capture ⁓ 100% of CO2 & Produce Saleable Commodities

HOUSTON, TX / ACCESSWIRE / August 24, 2021 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) is pleased to announce its majority-owned subsidiary, Viking Energy Group, Inc., entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy, LLC (“ESG”) regarding ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide (the “ESG Clean Energy System”). The license is exclusive for all of Canada (unlimited number of systems), and non-exclusive for up to twenty-five locations in the United States.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ⁓ 100%of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

James Doris, President and Chief Executive Officer of Camber, commented, “In my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices. We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System.”

In addition to electrical power generation, the ESG Clean Energy System is designed to be utilized within a number of different environments, including:

  • Plastics Recycling Operations
  • Nitrogen Removal
  • Microgrids
  • Data Centers
  • Crypto Mining Operations

Additional details regarding the transaction were included in Camber’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on August 23, 2021, and is available under “investors” – “SEC filings” at www.camber.energy.

About Camber:

Based in Houston, Texas, Camber Energy, Inc. is a growth-oriented energy company. Through a majority-owned subsidiary, Camber owns interests in oil and natural gas assets in the United States, and provides custom energy solutions to commercial and industrial clients in North America. For more information, please visit the company’s website at www.camber.energy.

Original Article

ESG Clean Energy to Provide Clean, CO2 Free Power to Area Users

July 22, 2021 08:35 AM Eastern Daylight Time

HOLYOKE, Mass.–(BUSINESS WIRE)–ESG Clean Energy, LLC, developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation, announced today the installation of its first electric generation facility that will produce over 4.2 MW of clean power, emit zero CO2, and use the exhaust to provide low-cost distilled water to local manufacturers.

“A lot of research and development has gone into this new energy system. And as a result, we can now provide a real solution for not only generating clean electricity more efficiently but capturing the CO2 in a manner that the exhaust emits zero CO2 and helps produce precious commodities”

Under a Power Purchasing Agreement with Holyoke Gas & Electric (HG&E), a municipal power provider serving Holyoke, Mass., ESG will utilize a patented carbon-capture system that will enable HG&E to provide low cost energy to its residence while preventing over 15,000 tons of carbon dioxide from entering the atmosphere every year. It will also help boost the reliability of the area electric grid during peak usage times throughout the year.

Installation of two internal combustion engine units began in July at the 1.3-acre site located in Holyoke. The natural gas generators are scheduled for full operation after grid connections are complete.

“A lot of research and development has gone into this new energy system. And as a result, we can now provide a real solution for not only generating clean electricity more efficiently but capturing the CO2 in a manner that the exhaust emits zero CO2 and helps produce precious commodities,” said Olen A. Bielski III, director of business development at ESG Clean Energy. “So it’s exciting to see our first power generation project come to life.”

The ESG Clean Energy power generation system is able to utilize waste heat from a conventional, natural gas, internal combustion engine to drive its carbon dioxide capture technology without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water – and other commodities such as urea, methanol, and recycled plastics – while capturing close to 100% of the CO2.

As a result, Net Zero Carbon Footprint power production is achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations – Can be made more affordable and safe for the environment by providing low-cost, CO2-free heat that is critical to its processing.

Nitrogen Removal – Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in waste water treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.

Stranded Natural Gas Wells – Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.

Microgrids  Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.

Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package

Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

Original Article

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