The US plans to achieve a 50-52 percent reduction from 2005 levels in economy-wide net greenhouse gas pollution in 2030
E.U. plans to cut emissions by 55%, it expects to reduce its natural gas consumption by more than 25% compared with 2015 levels by 2030.
The latest Russian aggression and subsequent sanctions have improved public support for these accords making them much more realistic.
The US Energy Information Administration ‘EIA’ projects global energy demand to increase 47% in the next 30 years, driven by population and economic growth.
Liquid fuel will make up 28% of global energy demand by 2050, compared with renewables at 27%. This assumes a 36% increase in liquid fuel demand and a 165% increase by renewables from 2020 levels.
Viking Energy Group, Inc. (OTCMKTS: VKIN) is one of the most diverse green plays on the market. The company has several green plays in its portfolio giving investors many bites at the proverbial apple in one investment.
- ESG CLEAN ENERGY
VKIN acquired an IP license from ESG Clean Energy, LLC to generate clean energy from internal combustion engines. The technology creates clean electricity by capturing and repurposing carbon dioxide emissions from combustion engines. The technology is useful for recycling operations, nitrogen removal, microgrids, data centers, and crypto mining operations; to name a few.
Not only does the process capture carbon dioxide (CO2), it also generates numerous precious commodities for sale creating multiple revenue streams from one process. These commodities include:
Environmentally-conscious customers’ concerns are quelled by the process VKIN’s technology produces:
-Zero carbon emissions
-Distilled/de-ionized water
-UREA (NH4)
-Ammonia (NH3)
-Ethanol
-Methanol
The company also acquired a majority interest in subsidiary Simson-Maxwell, Ltd. It uses the Simson-Maxwell platform to promote the ESG Clean Energy System.
- RENEWABLE GREEN BIODIESEL PRODUCTION FACILITY
Viking Energy (OTCMKTS: VKIN) has a Membership Interest Purchase Agreement in place to acquire a Renewable diesel production facility in the corporate tax-free city of Reno, Nevada. The facility is capable of producing 43 million gallons per year, according to estimates. VKIN’s biofuel could net larger margins than average biofuel producers because there is a pretreatment center at the facility allowing the company to purchase pure feedstock rather than the pricy pre-treated feedstock many companies use in the production process.
- ELECTRIC GRID DEAL
Most recently, Viking Energy Group, Inc. (OTCMKTS: VKIN) has purchased a controlling interest in a grid distribution line solution, known as “The Line Sentinel”. This is the latest ESG component the company has added to its already diverse green portfolio.
VKIN’s ‘Line Sentinel’ is a fully developed, patent-pending, ready-for-market proprietary Electric Transmission and Distribution Open Conductor Detection Systems. These systems detect a break in a transmission line, distribution line, or coupling failure. It immediately terminates power to the line prior to reaching the ground.This technology improves public safety and strengthens the reliability of existing infrastructure. This can help prevent wildfires which created $148.5 billion in damage in California in 2018 alone. The value of this system is hard to put a number on.
The $21 million deal has the potential to net VKIN up to $500 million in revenues. The initial $5 million due upon closing covers the first $50 million in revenue. VKIN owes a new tranche at every additional $50 million level of revenue all the way up to $500m. That would take only 100k units sold.
The company also has medical waste treatment tecnology in place.
Other green stocks to watch include: Vestas Wind Systems (OTC: VWDRY), Brookfield Renewable Partners (NYSE: BEP), Clearway Energy (NYSE: CWEN.A), NexGen Energy (NYSE: NXE), and Algonquin Power & Utilities (NYSE: AQN).
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