Jericho Energy Ventures Inc. has announced that one of its portfolio companies, in collaboration with Capella Partners, has received a grant from the Climate Innovation Proof of Concept Grant program at the California NanoSystems Institute (CNSI), UC Santa Barbara. This achievement marks Jericho's second H2 portfolio company securing a California grant in the second half of 2024. The company has also adjusted its private placement, repricing the units to $0.10 to pursue gross proceeds of up to $2 million. Each unit in the placement includes a common share and a warrant exercisable at $0.20 for two years. Brian Williamson, CEO of Jericho, expressed gratitude for CNSI's acknowledgment of their collaborative efforts, emphasizing the essential role of green hydrogen in expediting the energy transition. He highlighted the continuous drive to minimize costs and the ongoing advancements in green hydrogen technologies for a more sustainable future.