By 2030, the US wants to reduce its overall net emissions of greenhouse gasses by 50–52% from 2005 levels. Similarly, the EU plans to cut emissions by 55% and expects to reduce its natural gas consumption by more than 25% compared with 2015 levels by 2030.
In light of these numbers, two massive economies implementing full-scale green transitions, and the overall trend towards greener technologies, investors should look to companies that are also making that same transition.
Camber Energy Inc. (NYSEAMERICAN: CEI) and their subsidiary Viking Energy Group Inc. (OTC: VKIN) are evolving toward verticals that are increasingly environmentally friendly with a string of impressive acquisitions and partnerships within the green energy sector.
Both CEI and VKIN have shifted to become 'diversified green energy' plays. Many analysts are pointing to renewables as the long-term answer to today's energy crises. CEI and VKIN will both profit from rising energy prices as well as increased emphasis on renewables, making them two of the best energy stocks to watch today.
The technologies under their umbrella range from carbon capture to green biodiesel production to medical waste treatment. When oil demand drops as countries work to meet climate change accords, CEI and VKIN will still be able to thrive thanks to their diversified strategies.
Let’s take a closer look at VKIN and what makes them an interesting stock to put on your watchlist.
CEI AND VKIN ENERGY STORY
Viking Energy Group Inc. (OTC: VKIN) is a growth-oriented, diversified energy company that is majority-owned by Camber Energy Inc. (NYSEAMERICAN: CEI). Viking provides customized energy and power solutions to commercial and industrial clients in North America and owns oil and natural gas assets in the United States through its majority-owned subsidiaries. In addition, the company has an exclusive license in Canada for a patented carbon capture system.
CEI bought $11 million worth of VKIN stock early in 2021, and became VKIN's 62% majority owner, fueling operations and acquisitions, of which there have been many.
The proceeds of that transaction were then used to buy 60.5% of a company engaged in the manufacture of industrial engines. The proceeds of the investment were also used to fund the license from ESG Clean Energy LLC (ESG).
ESG CLEAN ENERGY
VKIN's catalyst is that it continues to add "ready-to-market" products that demonstrate a commitment to innovation, sustainable technologies, and carbon footprint reduction. Investors may want to place VKIN stock on their watch lists as it grows its green energy assets. It is acquiring a diverse portfolio of strategic technologies that make the Company more valuable in clean energy.
The IP license from ESG Clean Energy, LLC is for generating clean energy from internal combustion engines. By capturing and reusing carbon dioxide from combustion engines, the technology makes clean electricity. The technology is useful for recycling operations, nitrogen removal, microgrids, data centers, and crypto mining operations, to name a few.
Not only does the process capture carbon dioxide (CO2), it also generates numerous precious commodities for sale, creating multiple revenue streams from one process. These commodities include:
Environmentally-conscious customers' concerns are eased by the process VKIN's technology produces:
- Zero carbon emissions
- Distilled/de-ionized water
- UREA (NH4)
- Ammonia (NH3)
- Ethanol
- Methanol
MEDICAL WASTE TREATMENT
Viking Ozone Technology, LLC, a company that VKIN owns a majority stake in, sells the cutting-edge VKIN-6000 ozone-based waste treatment system. By combining their technology with the use of ozone, VKIN can provide an environmentally sustainable and cost-effective solution for the biohazardous waste treatment market.
VKIN aspires to replace conventional methods of managing medical and biohazardous waste, such as incineration, chemical treatment, autoclaves, and heat treatments. Each of the existing approaches has its own set of drawbacks. These techniques for treating medical waste typically involve the combustion of toxic and pungent gasses, which is dangerous to workers and releases hazardous chemicals into the environment.
The VKIN-6000 can treat medical waste without the use of heat. Therefore, VKIN's solution drastically reduces the energy used throughout the process, which in turn reduces costs, conserves resources, and gets rid of the emission of greenhouse gasses. This leads to a cheaper, safer, and more environmentally friendly procedure.
Recently, VKIN received a Notice of Allowance from the United States Patent & Trademark Office (“USPTO”) for patent application No. 17/576,801 titled “Multi-Chamber Medical Waste Ozone-Based Treatment Systems and Methods”. A Notice of Allowance means that the USPTO has made the determination that a patent will be granted from an application. This means that they can expect to receive a patent for their revolutionary approach to medical waste management within the next few months.
Conclusion
With two of the world's largest economies, the US and EU, committing to green energy transitions and the overall market trend towards greener technologies, investors should look to companies that are also making that same transition. Camber Energy Inc. (NYSEAMERICAN: CEI) and their subsidiary Viking Energy Group Inc. (OTC: VKIN) are companies making this same transition and preparing for the future. Investors wanting to take advantage of the rise in green technologies should look no further than VKIN.
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