The founders of the technology are recognized leaders in the energy sector
HUSTON, Texas / ACCESSWIRE / February 17, 2022 / Camber Energy, Inc. 04.30 NYSE American: CEI (“The collapse“or”The company“) announced on February 15, 2022 the acquisition of its majority-owned subsidiary Viking Energy Group, Inc. (” Viking “), a 51% stake in organizations with intellectual property rights to fully developed, patented, ready-made -for the market patented electrical systems for detecting open transmission and distribution conductors, designed to detect a break in the transmission line, distribution line or communication failure, as well as to immediately stop the power supply line before it reaches the ground.
The importance of technology
Increases the stability and reliability of the power grid
Improves public safety as downed power lines and electrical equipment are major sources of incendiary events
Replacing existing infrastructure is expensive and time consuming. Technologies can be implemented at low cost.
The speed (ie half a second) during which the system can detect conduction openings and de-energize the circuit
Low cost, particularly for power line solutions because there are limited labor or equipment costs.
The founders of technology
The technologies were developed by Robert Stewart and Ronald Smith, esteemed professionals with years of experience in the power generation, transmission and distribution sectors. Messrs. Stewart and Smith, whose experience is below, will use their relationships in industries around the world to assist the Vikings in integration and sales.
Mr. Stewart has had an outstanding 35-year career in the gas and power plant (PG&E) and has led major initiatives in system protection, transmission operation, transmission control and fault analysis. He was an innovator and successfully defended many technological advances in PG&E. He led a group that developed a methodology and procedure to restore reliable operation of the high-voltage grid in the western United States after a power outage in the western United States in August 1996. In August 2003, Mr. Stewart was the principal investigator of the NERC (North American Electricity Reliability Committee) following the August 14, 2003 outage that cut off more than 60 million people. After retiring from PG&E, he continues to work as an expert on the subject for many firms in the areas of transmission, grid protection, renewable energy and disaster recovery.
Mr. Stewart’s consulting clients included Gridquant Technologies, Battelle, BrightSource Energy, Scatec Energy, Nexant, Flynn Resource Consultants, Bridge View Resources and Stantec. Mr. Stewart was the lead researcher for NASA’s Phase II project, which involves autonomous control of a microgrid aboard the Orion spacecraft for a manned space mission to Mars. Mr. Stewart served as Senior Director of Energy BrightSource Energy and then from September 2009 to 2013 served as BrightSource Energy’s (BSE) Chief Electrical Consultant for the construction and commissioning of BSE Ivanpah, the world’s largest solar thermal power plant. generation station (392MW). Mr. Stewart was Nexant’s chief consultant on the preparation of recommendations for the systemic protection of Jordan’s entire transmission network in 2011 and also served as Nexant’s chief consultant as an expert on the operation of the Nigerian transmission network in 2013 and early 2014. In 2017 and In 2018, Mr. Stewart served as an expert on the operation and protection of electricity transmission for the East African Energy Pool to help the 5 major East African countries develop an interconnected electricity pool. Mr. Stewart was the chief transmission consultant for Scatec North America in the development and design of large-scale solar photovoltaic projects in North America. He is currently the principal transfer consultant for Onyx Renewables and Navajo Power LLC.
Mr. Stewart served as Director of Business Development and Chief Consultant for Elequant. Chief Consultant to the North American Electric Reliability Corporation (NERC) on system protection protection and power outage investigations in the city of Los Angeles. Chief Independent System Operator Consultant (CAISO) for CAISO Emergency Preparedness Assessment. Chief Adviser to the Sacramento Municipal Communal District (SMUD) on drafting specifications for the Transmission Control Reserve Center.
During his 35-year career at Pacific Gas & Electric, Mr. Stewart has held numerous positions, including:
Leading investigator in the December 1998 San Francisco shutdown
Engineering Operations Manager
Chief Power System Engineer
Senior Security Engineer
Mr. Smith had a remarkable 33-year career at Pacific Gas and Electric (PG&E), which began as a power plant operator. He quickly moved on to network operations and shipping. He has held positions in the power generation portfolio portfolio, where he managed the PG&E generation portfolio in the California energy and ancillary services market of an independent operator for the benefit of utility payers. From 2006 to 2014, he became the Generation Shutdown Coordinator, responsible for scheduling all generator shutdowns, short-term outages, and annual maintenance schedules. He was responsible for all types of resources, including nuclear, hydro, geothermal, steam and third party electricity generation under contract with PG&E.
Additional details on Viking’s acquisition of this technology have been included, and the description above qualifies in full with reference to Viking’s current 8-K reports submitted to the Securities and Exchange Commission (“SEC”) on 15 February 2022. ., and are available in the “Investors” section – “SEC Reports” at www.vikingenergygroup.com.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its majority-owned subsidiary, Camber provides customized energy and energy solutions to commercial and industrial customers in North America and owns stakes in oil and natural gas assets in the United States. The majority-owned subsidiary of the company also has an exclusive license in Canada for a patented carbon capture system and has a majority stake in the intellectual property organization for a fully developed, patented, ready-to-market proprietary Medical & Biohazard System. using ozone technology. For more information, visit the company’s website at www.camber.energy.
Statements about the future
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act 1934, as amended, and Section 27A of the Securities Act, 1933, as amended. Any statements that are not historical facts contained in this press release are “statements of a prognostic nature” that can be described by words such as “pending”, “plans”, “projects”, “will” , “Perhaps”, “anticipate”, “consider”, “should”, “intend”, “evaluate” and other words of similar meaning. Such forward-looking statements are based on current expectations, including known and unknown risks, reliance on third-party information, transactions that may be canceled, and other factors that may cause our actual results, performance or achievements or developments in our industry. , differ materially from the expected results, performance or achievements expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from expectations include risks and uncertainties associated with fluctuations in global or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, management efficiency, government action by regulators, suppliers and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors, which are described in detail in the Viking documents to the Securities and Exchange Commission. We intend to make all forward-looking statements subject to safe harbor regulations.
Investors and media:
Tel. 281.404.4387 (dob.3)
SOURCE: Camber Energy, Inc.
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