Jericho Energy Ventures Inc. announced a significant milestone as its portfolio company, in partnership with Capella Partners, secured a grant from the Climate Innovation Proof of Concept Grant program at the University of California, Santa Barbara. This grant marks a recognition of their innovative work in green hydrogen technology. The company also adjusted the terms of its private placement to raise funds for general working capital needs, demonstrating investor support for Jericho's endeavors. With a focus on advancing the low-carbon energy transition, Jericho has made strategic investments in hydrogen technologies and other sustainability projects, underlining its commitment to a more environmentally friendly future. CEO Brian Williamson praised the collaboration with Capella and the recognition received, highlighting the importance of green hydrogen in accelerating the energy transition. The company's initiatives and partnerships reflect its dedication to driving innovation in the energy sector and contributing to a more sustainable world.