Recent Testing of Industry-Changing Water Removal System Exceeds Expectations Regarding its patented water removal system, on February 12, 2024, ESG issued a press release which stated, in part:ĮSG Clean Energy Solves The Carbon Capture Puzzle for Power Generation The escalating carbon tax is forcing industrial CO2 emitters to explore ways to reduce their carbon footprint, and the ESG Clean Energy System is designed to be a pragmatic, cost-effective solution to assist not only with reducing a user's tax burden by capturing CO2 cost-effectively but also to provide the user an opportunity to generate revenue from other features of the system. The global carbon Capture, Utilization, and Storage market size was estimated at USD 3.1 billion in 2022 and projected to grow to USD 12.9 billion by 2030 at a CAGR of 24.0% during the forecast period.Īs part of the Canadian government's carbon tax program, as of Apthe federal carbon charge increased to $65 per ton of carbon dioxide equivalent ('CO2e'), and is set to increase annually each April through to 2030 when the carbon tax rate will be $170 per ton of CO2e. In my view we have a distinct competitive advantage in Canada with not only the exclusive rights to ESG's revolutionary technology but also with our ability to leverage the relationships and expertise of our subsidiary, Simson-Maxwell Ltd., a respected participant in the power solutions' sector in Canada for over 80 years, to allow us to introduce the technology to the market in an expedient manner.' James Doris, Camber's President & CEO, stated ' The size of this opportunity has increased, especially in Canada, since we made our initial investment, and we are pleased ESG has reached this critical milestone so we can work collaboratively on the next phase of the commercialization strategy toward monetizing our license.

Camber, through its subsidiary, has licensed the ESG Clean Energy System, which includes an intellectual property portfolio of nine patents, for exclusive use in all of Canada, and for multiple locations in the U.S.

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