One in Three U.S. households (~40 million) are faced with difficulties paying their energy bills and paying for other essentials like food, medicine and rent. Utility bills have been rising with gas prices. Russia's invasion of Ukraine and associated sanctions have added sharp volatility to oil prices. Significant increases, even if temporary, can have adverse long-term impacts on low-income households as evidenced by the fact that over one-third of adults cannot readily meet an unexpected expense of $400.
This is not sustainable, meaning the need for sustainable solutions is even more important now. Nearly half of all U.S. states have set legal targets to increase the share of clean energy resources and lower greenhouse gas emissions, yet few of these policies address longstanding concerns around energy affordability and energy equity directly.
More public and private investors will be prioritizing green investment.
Viking Energy Group (OTCMKTS: VKIN) is an energy penny stock speculative investors should pay attention to. 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.
FuelCell Energy Inc (NASDAQ:FCEL): The company has reported a solid 115% jump in revenue to $31.8 million year-over-year in the first quarter. However, net loss during the latest quarter widened to 4 cents a share, compared to a year-ago loss of 6 a share. The company's net loss for the quarter was wider than expected, expanding the top line is likely the key priority for investors at this phase.
Array Technologies Inc (NASDAQ:ARRY) stock will be in focus next week as the company is all set to report its fourth quarter and full year 2021 results after the market closes on Tuesday, April 5th, 2022.
Analysts are projecting the company to report a loss of 3 cents a share on revenue of $214.16 million. In a year-ago quarter, the company had reported a profit of 8 cents a share on revenue of $180.57 million.
ARRY stock has fallen over 16% in the past week and is down 30% year-to-date.
Gevo Inc (NASDAQ:GEVO): In recent times, the biofuel company Gevo Inc has come into significant focus among investors and that can also be gauged from the momentum that has been gained by the stock in the same period. Hence, it may be a good idea for investors to perhaps take a look at a key development with regards to Gevo from last week.
Back on March 23, the company made an announcement with regards to the fact that it had signed a fuel deal with Oneworld Alliance, the airline organization. As per the press release from Gevo, some of the members of the organization will be buying as much as 200 million gallons of fuel from Gevo every year. It goes without saying that it was a major new deal for the company. The deliveries are going to begin at some point in 2027.
Ring Energy Inc (NYSEAMERICAN:REI): has been gaining momentum with a jump of 24% in the past month. In the fourth quarter, the company earned $9.9 million or 10 cents a share on revenue of $59.67 million, topping analysts estimates of 9 cents. Adjusted EBITDA grew by 21% to $24.0 million for the fourth quarter of 2021 versus $19.7 million in the third quarter of 2021.
SunPower Corporation (NASDAQ:SUNW): The other stock that could get a significant degree of attention among investors today is SunPower Corporation. Earlier on in the week the company came into focus in a big way after it made an announcement with regards to the fact residential battery storage system SunVault Storage, had been upgraded considerably.
The company announced that the storage system would be able to back up services for the entire home without curtailing on the comfort and essentials whenever there is an actual power outage. It was a major new announcement from the company and it remains to be seen if the stock can come into focus among investors in the coming days.
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