Camber Energy Shares Positive Test Results of Patented Carbon Capture Water Removal System
Camber Energy, Inc. (CEI) announces ESG Clean Energy, LLC's test results showing over 90% efficiency in water removal system, a significant success for carbon capture. ESG's patented system surpasses industry standards, offering a cost-effective solution.
The recent test results from ESG Clean Energy, LLC indicating a >90% water removal rate in their patented system is a significant achievement that exceeds industry expectations, which typically regard an 80% efficiency rate as successful. This breakthrough has the potential to revolutionize carbon capture technology, particularly in power generation, by offering a more cost-effective and energy-efficient solution. The implications for Camber Energy, Inc. could be substantial, as increased efficiency in carbon capture can lead to operational cost savings, improved regulatory compliance and enhanced market competitiveness.
From an energy sector perspective, this technology could set a new standard for environmental performance, potentially leading to increased adoption rates among power producers. The long-term impact on Camber's business model could include diversification of revenue streams and strengthening of its position in the clean energy market. However, it's crucial to monitor the scalability of this technology and regulatory responses, which could influence the pace at which it is adopted.
The high water removal efficiency reported by ESG Clean Energy resonates strongly with the growing focus on Environmental, Social and Governance (ESG) criteria among investors. Companies that demonstrate technological advancements in reducing environmental impact are increasingly favored by the market. This development could enhance Camber Energy's ESG ratings, potentially attracting ESG-focused investments and improving its standing among socially responsible investors.
Moreover, the ability to capture carbon more efficiently is directly aligned with global efforts to combat climate change and could provide Camber with strategic leverage in negotiations with partners and stakeholders interested in sustainable practices. It is essential, however, to evaluate the long-term reliability and environmental benefits of the system beyond initial tests to truly assess its contribution to ESG goals.
The announcement by ESG Clean Energy of their system's performance significantly surpassing modeled forecasts could have positive implications for Camber Energy's financial outlook. An increase in efficiency from the expected 80% to over 90% suggests potential for reduced operational costs and increased profit margins, given that the cost of water removal is a critical factor in carbon capture operations. This could lead to upward revisions in earnings forecasts and potentially bolster investor confidence in Camber's stock.
Investors should, however, remain cautious until the technology is commercially proven and its impact on Camber's bottom line can be quantified. The capital expenditure required to implement this technology and the timeframe for return on investment are critical factors that will influence the financial implications of this announcement. Additionally, market response to this technological advancement will also play a role in determining its effect on the company's stock performance.
02/23/2024 - 08:30 AM
Modeled Forecasts Regard ∼ 80% Efficiency a Success
ESG's Test Results Show > 90% Efficiency!
HOUSTON, TX / ACCESSWIRE / February 23, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the recent announcement from ESG Clean Energy, LLC ("ESG") advising the results from initial tests of ESG's patented water removal system exceed a water removal rate of over 90 percent. Reaching this level of efficiency in removing water from emissions associated with power generation enables the lowest-cost and most energy efficient way of capturing carbon, according to technical specialists at ESG.
Nick Scuderi, President of ESG, commented "We had no doubt about the effectiveness of our design but reaching this level of efficiency so quickly has surpassed even our own expectations. As we further optimize the process and integrate it with other elements of our proprietary system, we believe the efficiency rate will be even higher. This will work to our benefit as we scale to meet the demands of fossil fuel consumption in small and large power facilities, and eventually the transportation industry ."
The testing took place recently at ESG's 4MW power generation site in Holyoke, MA. Using calibrated humidity sensors positioned at both the beginning and the end of the exhaust stream, the results exceeded the modeled forecast of 83 percent which was developed during the initial design phase of ESG's carbon capture process.
Camber, through a subsidiary, has licensed the ESG's Clean Energy System, which includes an intellectual property portfolio of nine patents, for exclusive use in all of Canada, and for multiple locations in the U.S.
ESG's Recent Announcement
Regarding the initial test results of its patented water removal system, on February 22, 2024 ESG issued a press release which stated, in part:
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ESG Clean Energy Announces Positive Test Results of Patented Carbon Capture Water Removal System
Modeled Forecasts Regard ∼ 80% Efficiency a Success
ESG's Test Results Show > 90% Efficiency!
WEST SPRINGFIELD, Mass. - (Feb. 22, 2024) - ESG Clean Energy, LLC, developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that the results from initial tests of its patented water removal system exceed a water removal rate of over 90 percent. Reaching this level of efficiency in removing water from power generation emissions enables the lowest-cost and most energy efficient way of capturing carbon.
The testing took place recently at ESG's 4MW power generation site in Holyoke. Using calibrated humidity sensors positioned at both the beginning and the end of the exhaust stream, the results exceeded the modeled forecast of 83 percent which was developed during the initial design phase of its carbon capture process.
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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.
How it Works
ESG Clean Energy's system treats the exhaust stream to remove the water vapor before it is treated for capturing CO2. This patented system consists of an advanced ceramic membrane that has been incorporated into a unique mechanical cooling system. With this technology, capturing carbon dioxide becomes both low cost and energy efficient. It can be used on both large and small systems and can be retrofitted onto current operating power plants.
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About ESG Clean Energy, LLC
ESG Clean Energy, LLC (ESG) develops natural gas power generation/carbon capture systems with a nearly Zero Carbon Footprint. The patented technology is designed to generate large amounts of electricity and produce distilled water and CO2 -based commodities, such as compressed CO2, ethanol, hydrogen, and Diesel exhaust fluid. ESG is working to secure additional projects around the world and has awarded exclusive rights to its patent portfolio to Viking Energy Group, a wholly owned subsidiary of Camber Energy, Inc., (CEI) for exclusive use in Canada and multiple locations in the U.S. More information about ESG Clean Energy and its technology can be found at www.ESGcleanEnergy.com .
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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 its behalf are expressly qualified in their entirety by the cautionary statements referenced above.
Contact Information
SOURCE: Camber Energy, Inc.
press release on accesswire.com
ESG Clean Energy, LLC announced that their patented water removal system achieved a water removal rate of over 90 percent.
The ticker symbol for Camber Energy, Inc. is CEI.
Nick Scuderi is the President of ESG Clean Energy, LLC.
ESG's system's efficiency in removing water from emissions enables a low-cost and energy-efficient method of capturing carbon, according to technical specialists at ESG.
