Camber Energy Announces Patented Technology More than Doubles CO2-Capture Rate

ESG's CO2-Capture Prototype Finally Installed and Tested at Site in Holyoke, MA

HOUSTON, TX / ACCESSWIRE / July 2, 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 test results of the recently installed carbon-capture prototype at ESG's facility in Holyoke, MA indicate ESG's patented water removal technology enables at least twice as much carbon to be captured per pound of adsorbent.

This is an industry-changing outcome as it will significantly reduce the size and cost of carbon capture systems, making them much easier and economical to implement, according to ESG. Camber's wholly-owned subsidiary has licensed the intellectual property associated with ESG's clean energy & carbon-capture system for exclusive use in Canada and for multiple locations in the U.S.

"These results represent another significant milestone in the development and commercialization of our clean energy system. We were confident we would see these numbers, but it is nice to have them validated with data from an operational unit and finally see the proof in our design," said Nick Scuderi, President of ESG Clean Energy, LLC.

James Doris, President & CEO of Camber, commented "We have been waiting a long time for this moment but are very pleased ESG's team has finally completed this critical milestone. Our technical and marketing teams can now begin to analyze applicable data and work towards finalizing and implementing important commercialization and monetization initiatives."

ESG's Recent Announcement

Regarding the test results of its carbon-capture prototype and its patented water removal system, on July 2, 2024 ESG issued a press release which stated, in part:

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ESG Clean Energy's Patented Technology More than Doubles CO2-Capture Rate!

CO2-Capture Prototype Finally Installed and Tested at ESG's Active Site in Holyoke, MA

WEST SPRINGFIELD, Mass. - (July 2, 2024) - ESG Clean Energy, LLC ("ESG"), developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that ongoing testing results at its facility in Holyoke, MA indicate the company's patented water removal technology enables at least twice as much carbon to be captured per pound of adsorbent, which is an industry-changing outcome.

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Following the previously disclosed installation and testing of its water removal system, ESG assembled and commenced testing of its carbon capture prototype, using zeolite (a common adsorbent material for capturing CO2), and recent analyses show that water removal increased carbon capture by 100% per pound of adsorbent. This will significantly reduce the size and cost of carbon capture systems, making them much easier and economical to implement.

ESG Clean Energy's enabling technology is its patented water removal system which consists of an advanced ceramic membrane incorporated into a unique mechanical cooling system. It is designed to be used on large and small systems and can be retrofitted onto current operating power plants.

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

ESG 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.

[...]

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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

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SOURCE: Camber Energy, Inc.

Released July 2, 2024