when it comes to promoting ethical business practices and environmental sustainability many investors want to back up their words with actions however given that many businesses prioritize profits above all else this can be challenging an esg stock is one that satisfies certain standards for sustainability and social responsibility esg is an acronym that stands for environmental social and governance these businesses strive to be environmentally responsible to give back to their communities and to treat their employees fairly while promoting diversity they also practice transparency in their leadership and how the business is run while some remain skeptical it is clear that esg stocks are here to stay with experts predicting the global renewable electricity capacity to rise more than 60 from 2020 levels to over 4800 gw—equivalent to the current total global power capacity of fossil fuels and nuclear combined—by 2026 for that reason stocks in the renewable energy sector could make for a great investment however the high prices of these wellknown esg and other renewable energy stocks can be intimidating for many investors making it difficult for them to get in on the action this is where smaller cheaper esg stocks can present a good opportunity while these stocks may not be as wellknown as their larger counterparts they may have more appealing valuations and the potential for significant growth by investing in smaller esg stocks investors can potentially get in on the ground floor of a promising company and benefit from its growth over time viking energy group inc otcvkin is a smaller yet promising player in the esg space the company has a strong focus on acquiring and developing clean energy solutions making it a great option for those looking for a more socially responsible investment furthermore the companys stock is currently trading at an attractive price which presents a good opportunity for investors looking to get in on a growing esg company vkin recently announced an update regarding its medical waste treatment technology the united states patent and trademark office has granted us utility patent no 11565289 to viking ozone technology llc the companys majorityowned subsidiary the patent is titled multichamber medical waste ozonebased treatment systems and methods vkin states that a related international application is in the works and in the near future a few nations will be chosen for national phase coverage the company believes that the approval of this us patent application will result in the issuance of additional related patents in other countries this utility patent covers unique viking ozone techniques and equipment for using ozone to treat biohazardous waste viking plans to use this technology in waste treatment and disposal systems found in care institutions hospitals jails laboratories and military bases according to the world health organization managing medical waste requires greater diligence and care in order to avoid negative health effects as the demand for medical waste grows it is critical to prioritize waste treatment and disposal options that are both secure and environmentally responsible additional technologies covered by vkin range from carbon capture to green biodiesel production viking energy also has licensing rights to esg clean energy llcs technology for canada and 25 other markets in the united states vkin obtained a us patent no 11286832 last year for the ip and other rights licensed by vkin from esg involving a bottoming cycle power system related to its carbon capture technology the patent describes a exhaustgastoexhaustgasheat exchanger with their groundbreaking patents and technologies that cover numerous green technologies vkin is leading the market and ought to be at the top of any wise investors wishlist for esg stocks in 2023 another esg play in the penny stock price range is american battery technology company otcabml abml is focused on supplying lowcost lowenvironmental impact and domestically sourced battery metals through its three divisions lithiumion battery recycling primary battery metal extraction technologies and primary resource development abml has developed a clean technology platform that is used to supply a critical source of domestically manufactured critical and strategic battery metals to help meet demand from the electric vehicle electrical grid storage and consumer electronics industries the company recently released its fiscal results for the second fiscal quarter of fy2023 some of the key highlights include   the company received a 57m us department of energy doe competitive award through the bipartisan infrastructure law for the construction of its commercialscale lithium hydroxide manufacturing facility to develop its unconventional sedimentary claystone resource   cash was 114 million as of december 31 2022 plus a subscription receivable of 20 million   the company invested 20 million in research  development for the six months ended december 31 2022 up 304 when compared to the same period in the prior year the stock has received notable attention throughout 2023 and remains a stock for any investor to put on their watchlist another stock trading on the otc market is clean vision corporation otcclnv clnv owns and operates a portfolio of synergistic companies in the sustainable clean technology and green energy sectors last week clnv disclosed that its board of directors had decided to declare a special dividend of five shares of the companys common stock for each hundred shares of common stock issued and outstanding on february 16 2023 the board approved the dividend and set the record date for the dividend as february 27 2023 and the payment date as march 13 2023 we are happy to announce the board has declared this special dividend to recognize and appreciate the support our shareholders have displayed throughout the early stages of the companys growth now as we enter the next phase for our strategic longterm plans we wanted to acknowledge and reward the shareholders for their support and confidence in the team at clean vision said dan bates ceo the last stock is fuelcell energy inc nasdaqfcel fuelcell energy is a global leader in sustainable clean energy technologies that address some of the worlds most critical challenges around energy safety and global urbanization it collectively holds more than 450 fuel cell technology patents in the united states and globally last week fecl along with malaysia marine and heavy engineering sdn bhd mmhe a wholly owned subsidiary of malaysia marine and heavy engineering holdings berhad klse mhb announced that they had signed a memorandum of understanding to collaborate on the development of largescale electrolyzer facilities in asia new zealand and australia while the ev and battery market may have underperformed last year things may change in 2023 disclaimers this article contains sponsored content the private securities litigation reform act 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