Camber Energy (CEI) is an oil and gas company that engages in the development and sale of crude oil, natural gas, and natural gas liquids.
In August, the company collaborated with ESG Clean Energy, enabling it to receive a license for ESG’s carbon-capture system in various parts of North America.
The system, which was also patented, uses the heat from waste to capture carbon dioxide released from combustion engines. As it does this, it converts the gas to clean energy.
The technology will reportedly be used in places such as recycling facilities, data centers, and cryptocurrency mining locations.
And this could be a major tailwind for the company…
With the U.S. and other global powers pursuing a goal of net-zero emissions by 2050, investments in carbon-capture technology will only rise in the years ahead. This means more equipment will be needed all around the world moving forward.
This indicates that there are several growth opportunities for energy companies like CEI, as the process will take time and money to slowly convert the world’s power away from dirtier fuels.
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