Camber Energy Announces Milestone Test Result for Carbon Capture Water Removal System [Yahoo! Finance]
Camber Energy, Inc. (CEI)
US:NYSE Investor Relations:
ir.camber.energy
Company Research
Source: Yahoo! Finance
the "Company"), a growth-oriented diversified energy company, shared today the most recent announcement from ESG Clean Energy, LLC ("ESG") advising that the results of additional testing of ESG's water removal system for its patented carbon-capture technology indicate a water removal rate greater than 99%. This is a further improvement from the previously announced 90% efficiency rate following ESG's initial testing. All testing conducted so far exceed ESG's original modeled forecasts during the design phase which regarded an 80% efficiency a successful result. James Doris, President and CEO of Camber, commented " It is great to see ESG achieve this significant testing milestone which represents an unparalleled result for the industry as a whole as it relates to being able to capture C02 cost effectively. This achievement will enhance our market position and expedite the next steps toward monetizing our license of ESG's expansive intellectual property portfolio. What Does it Mean
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CEI
Sec Filings
- 4/5/24 - Form 8-K
- 3/26/24 - Form 8-K
- 3/25/24 - Form 10-K
- CEI's page on the SEC website