Viking Energy Group Inc. (OTCMKTS:VKIN) jumped 53% after announcing a major licensing agreement with Net Zero Carbon Footprints and sustainable energy solutions developer ESG Clean Energy LLC. The company signed the agreement for exclusive rights to leverage ESG’s CO2 –free energy generation tech across Canada.
As per the agreement, Viking will utilize ESG’s expertise and patent rights associated with stationary energy generation that includes methods to use heat and collect CO2. Notably, ESG Clean Energy System has been designed to produce clean power from internal combustion engines and use waster heat to capture 100% of the CO2 emitted from the machine to facilitate the generation of other products such as Urea ammonia, methanol, and ethanol for sale.
For ESG, the agreement enables the company to expand its energy generation operations. Also, it allows it to offer efficient, clean energy solutions beyond the US by leveraging expertise, relationships, and experience within Viking and Camber Energy Inc. (NYSEAMERICAN: CEI). With clean energy enhancement VKIN is worth watching.
On Thursday, VKIN stock soared 53% at $1.07 with more than 1.04 million shares, compared to its average volume of 26k shares. The stock has moved within a range of $0.6609 – 1.4500 after opening the trade at $0.71.