Jericho Energy Ventures Secures Funding for Hydrogen Project in California
Key Ideas
  • Jericho Energy Ventures' subsidiary, Hydrogen Technologies, secures $1 million in funding from the U.S. Department of Energy for the Hydrogen Permitting Issues and Improvements (HPII) project in California.
  • The project aims to address challenges related to deploying hydrogen-powered equipment at locations like manufacturing facilities and district heating systems, focusing on safety, risk analysis, and community engagement.
  • Hydrogen Technologies' zero-emission DCC™ boilers offer a sustainable alternative to fossil fuel-based boilers, providing clean energy solutions for industries and applications while reducing greenhouse gas emissions.
  • Jericho Energy Ventures plans to spin out its hydrogen platform into a separate H2 solutions company, showcasing its commitment to maximizing shareholder value and advancing innovative environmental solutions.
Jericho Energy Ventures Inc. announced that its subsidiary, Hydrogen Technologies, has secured $1 million in funding from the U.S. Department of Energy's Hydrogen and Fuel Cell Technologies Office for the Hydrogen Permitting Issues and Improvements (HPII) project in California. The project, developed in collaboration with Sandia National Laboratories, GHD, and the University of California at Riverside, aims to tackle challenges in deploying hydrogen-powered equipment in settings where hydrogen is not commonly used. By engaging with users, permitting authorities, and community organizations, the project will focus on safety, risk analysis, and integrating hydrogen technology into existing industrial infrastructure. The CEO of Jericho Energy Ventures expressed pride in the partnership and highlighted the company's commitment to providing innovative hydrogen solutions. Hydrogen Technologies is actively working with multinational corporations and universities to explore the feasibility of their zero-emission hydrogen boiler technology, which offers a clean and efficient alternative to traditional fossil fuel boilers. The company's recognition by the Solar Impulse Foundation underscores the environmental benefits of their technology. Beyond its technological advancements, Jericho Energy Ventures plans to separate its hydrogen platform as a standalone H2 solutions company to enhance its focus on sustainable energy solutions. Additionally, the company has arranged a shares for debt transaction to settle outstanding interest on convertible debentures, showcasing its financial restructuring efforts. Through these initiatives, Jericho Energy Ventures is committed to driving environmental innovation and maximizing shareholder value.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.