ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Camber Energy Announces Carbon Capture System Achieves 100% Removal From Fossil Fuel Power Plant Emissions

Separating water first from the exhaust stream now makes zero-carbon power generation possible

HOUSTON, TX / ACCESSWIRE / July 15, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the most recent announcement from ESG Clean Energy, LLC ("ESG") advising that ESG's carbon capture system has achieved capturing 100% of the CO2 from a combustion exhaust stream, making it possible for any internal combustion engine - big or small - to have no carbon dioxide emissions.

ESG's patented system consists of a two-step process: first removing the water from the exhaust and then capturing the CO2. Drying the exhaust more than doubles a CO2-adsorbent's capacity, enabling 100% of the carbon to be captured while simultaneously reducing the size and cost of the system, according to ESG.

Camber's wholly-owned subsidiary has licensed the intellectual property associated with ESG's clean energy and carbon-capture system for exclusive use in Canada and for multiple locations in the U.S.

ESG's Recent Announcement

Regarding the test results of its patented water removal system and carbon-capture prototype, on July 12, 2024 ESG issued a press release which stated, in part:

****

ESG Clean Energy's Carbon Capture System Achieves 100% Removal From Fossil Fuel Power Plant Emissions

Separating water first from the exhaust stream now makes zero-carbon power generation possible

WEST SPRINGFIELD, Mass. - (July 12, 2024) -- ESG Clean Energy, LLC, developers of power generation/carbon capture systems with zero carbon output, today announced that its carbon capture system has achieved capturing 100% of the CO2 from a combustion exhaust stream, making it possible for any internal combustion engine - big or small - to have no carbon dioxide emissions.

ESG's carbon capture system consists of a two-step process; first removing the water from the exhaust and then capturing the CO2. Drying the exhaust more than doubles a CO2-adsorbent's capacity, enabling 100% of the carbon to be captured while simultaneously reducing the size and cost of the system.

ESG's patented water removal and carbon capture system is designed for both large and small systems and can be retrofitted onto current operating power plants plus applied to mobile applications. ESG's water removal system consists of an advanced ceramic membrane incorporated into a unique mechanical cooling system. The carbon capture system utilizes readily available low-cost solid adsorbers that are nontoxic and easy to handle making the entire system very versatile and energy efficient.

Testing was conducted at the company's 4.4MW gas-powered power generation plant in Holyoke that serves the local electrical grid.

"This is a huge milestone for our development team and one we have been anticipating for a some time," said Nick Scuderi, President of ESG Clean Energy, LLC. "It's great to see the proof and the data that shows we are able to capture 100% of the C02 from an internal combustion engine."

ESG Clean Energy plans on implementing this technology across all its planned facilities and has licensed the technology to a subsidiary of Camber Energy (NYSE (Amex): CEI) for all of Canada and multiple locations in the United States.

[…]

****

About Camber Energy, Inc.

Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) an entity with intellectual property rights to a fully developed, patented, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (b) entities with the intellectual property rights to fully developed, patent pending, ready-for-market proprietary Electric Transmission and Distribution Open Conductor Detection Systems. For more information, please visit the company's website at www.camber.energy.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements that are not historical facts contained in this press release are "forward-looking statements", which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in Camber's filings with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.

Camber cautions that the foregoing list of important factors is not complete, any forward-looking statement speaks only as of the date on which such statement is made, and Camber does not undertake to update any forward-looking statements that it may make, whether as a result of new information, future events or otherwise, except as required by applicable law. All subsequent written and oral forward-looking statements attributable to Camber or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements referenced above.

Contact Information
Investors and Media:
Tel. 281.404.4387

SOURCE: Camber Energy, Inc.



View the original press release on accesswire.com

Recent Quotes

View More
Symbol Price Change (%)
AMZN  229.16
-0.51 (-0.22%)
AAPL  277.55
+0.58 (0.21%)
AMD  214.24
+8.11 (3.93%)
BAC  52.99
+0.51 (0.97%)
GOOG  320.28
-3.36 (-1.04%)
META  633.61
-2.61 (-0.41%)
MSFT  485.50
+8.51 (1.78%)
NVDA  180.26
+2.44 (1.37%)
ORCL  204.96
+7.93 (4.02%)
TSLA  426.58
+7.18 (1.71%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.