The rest of 2022 looks bright for Viking Energy Group (OTCMKTS: VKIN), a green clean energy sector operator. It continues aggressive acquisitions within the clean energy space. In Q2 the company picked up where it left off in Q1. Its licensor ESG Clean Energy, LLC ‘ESG’ recently acquired a U.S. Patent related to carbon capture technology, VKIN has licensing rights to the company’s technology in Canada and 25 locations in the US.
VKIN’s Ready-To-Market Strategy at Work
VKIN’s catalyst is that it continues to add ‘ready-to-market’ products that demonstrate a commitment to innovation, sustainable technologies and carbon footprint reduction. Investors may want to place VKIN stock on their Watch Lists as it grows its green energy assets. It is acquiring a diverse portfolio of strategic technologies that make the Company more valuable in clean energy.
VKIN is far more than a single-play energy firm owning $96 million in oil and gas assets. It is an operational and versatile company with ownership rights over several green clean energy-related unique solutions ready-to-market firms.
Here’s why VKIN offers a compelling investment:
— It has just received a new valuable U.S. Patent (No. 11,286,832) relating to the intellectual property and other rights licensed by Viking from ESG involving a Bottoming Cycle Power System related to its carbon capture technology. It marks numerous advanced power generation technologies it owns.
This patent is related to making natural gas maintain high energy without losing energy in the carbon capture process. It is environmentally friendly as it captures carbon. VKIN’s ESG patent rights are exclusive for all of Canada and non-exclusive for up to 25 locations within the United States.
VKIN Acquires 51% Interest In Entities Which Protect Against Forest Fires
— VKIN has acquired 51% interest in two entities that own intellectual property rights to grid-hardening Electric Transmission and Distribution Open Conductor Detection Systems vs forest fires. The purchase price is $21 million.
For acquiring 51% interest in the two companies, VKIN is paying $5 million in shares. The transaction calls for at closing $250,000 in common stock and $4,750,000 in preferred stock. The balance will be paid on a schedule based upon the acquired entities achieving certain sales thresholds.
The catalysts for VKIN include its ownership and active participation in solutions for catastrophic incidents in forest fires for utilities which seek hardened grids. The technology detects the impact of transmission lines about to fall.
Reducing the climate-impact of forest fires is an important focus of VKIN. It offers solutions to utilities to protect and harden their electrical grids.
The acquisition of the majority equity ownership of the two entities will give VKIN control over a scale advancement in grid protection solutions. It is an outright purchase of sustainable patent-pending, ready-for-market proprietary intellectual property rights (IPR).
— In Another Green Acquisition, VKIN Eyes Renewable Diesel Plant
After a series of financial transactions, Viking Energy Group (OTCMKTS: VKIN) is closer to acquiring a Reno, Nevada processing plant designed to produce renewable diesel. VKIN has entered into a Membership Interest Purchase Agreement with RESC Renewable Holdings, LLC to buy the membership interests of New Rise Renewables, LLC.
VKIN is a diversified green energy company that helps companies capture carbon dioxide. Renewable diesel is capable of an 80% reduction in lifecycle greenhouse gas emissions.
— VKIN A Green Clean Energy Stock
VKIN last year acquired majority interest in subsidiary Simson-Maxwell, Ltd. It uses the Simson-Maxwell platform to promote the ESG Clean Energy System.
Through various subsidiaries, VKIN owns oil and gas asset interests in the U.S. It also holds operations in Canada through its majority-owned subsidiary Simson-Maxwell Ltd.
James Doris, president and CEO of VKIN, explains the precise protocol the Company follows when it acquires another green energy firm: “We are extremely pleased to continue our strategy to continue to acquire ready-to-market products that demonstrate our commitment to innovation, sustainable technologies and carbon footprint reduction.”
— VKIN’s 62% Majority Owner Is Camber Energy, Inc. (NYSE American: CEI)
Parent company, Camber Energy, Inc. (NYSE American: CEI) last year bought $11 million worth of stock of majority-owned subsidiary VKIN. The funds were used in part to fund Viking’s license from ESG Clean Energy LLC (ESG). Additional funds from that VKIN stock purchase went to VKIN’s general working capital.VKIN is a diversified green energy company. Keep VKIN stock on your Watch List as green clean energy stocks are growing in valuation.
This article is part of a sponsored investor education program.