Jericho Energy Ventures Inc., in partnership with Capella Partners, has been honored with a Climate Innovation Proof of Concept grant from the California NanoSystems Institute at the University of California, Santa Barbara, demonstrating the company's dedication to advancing green hydrogen initiatives. This is the second time in six months that one of Jericho's hydrogen-focused portfolio companies has received such recognition, indicating a strong commitment to sustainable energy solutions. CEO Brian Williamson highlighted the pivotal role of green hydrogen in driving energy transitions and stressed the importance of reducing costs to facilitate sustainable progress. In financial developments, Jericho has modified its private placement pricing, lowering the unit price to $0.10 to raise up to $2 million for working capital. The financing, consisting of common shares and warrants, is set to be finalized by January 15, 2025, in adherence to standard conditions and regulations. This news underscores Jericho's active involvement in promoting green hydrogen technologies and its financial strategy to support these initiatives.