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Jericho Energy Ventures (JROOF) is a diversified energy company focused on the current energy transition, owning, operating, and developing hydrocarbon assets while advancing low-carbon energy projects, notably in hydrogen technologies. The company's breakthrough, patented zero-emission boiler technology from its subsidiary, Hydrogen Technologies, aims to deliver eco-friendly solutions to the Commercial & Industrial sector. Jericho also holds strategic investments in key players in the hydrogen industry.
Jericho Energy Ventures' subsidiary Hydrogen Technologies (HT) has secured $1 million in funding from the U.S. Department of Energy for a California-based project. The Hydrogen Permitting Issues and Improvements (HPII) project, developed with Sandia National Laboratories, GHD, and UC Riverside, aims to address challenges in deploying hydrogen-powered equipment. HT will use its share to engage with users of hydrogen-fueled boilers and permitting authorities. The project focuses on safety analysis and community engagement. Additionally, HT is working with Superior Boiler to deploy its zero-emission hydrogen boiler technology at a Western US university. The company has also arranged a shares for debt transaction to settle $376,071 in interest through issuing 2,892,846 common shares at $0.13.
Jericho Energy Ventures (JROOF) announces participation in European Hydrogen Week, taking place November 18-24 in Brussels, Belgium. CEO Brian Williamson and Hydrogen Technologies' CCO Dean Moretton will attend alongside their European partner, Aurea Holdings.
The event is Europe's largest annual hydrogen-focused gathering, organized through collaboration between Hydrogen Europe, Hydrogen Europe Research, the European Commission, and the Clean Hydrogen Partnership. Interested parties can arrange meetings with company representatives during the conference.
Jericho Energy Ventures (JROOF) announces a strategic collaboration with Aurea Holdings to deliver green energy solutions for Europe's energy-intensive industries. Aurea will become a strategic investor in JEV and is expected to invest in the company's upcoming Hydrogen Platform. Additionally, JEV announces a non-brokered private placement to raise up to $2 million at CAD$0.12 per unit, with Aurea committing $500,000 as the lead investor. Each unit includes one common share and one warrant exercisable at $0.20 for two years.
Jericho Energy Ventures (JROOF) has announced plans to separate its hydrogen solutions platform into a new entity called Hydrogen Technologies (HTC). The separation, subject to regulatory and shareholder approvals, will create two independent specialized energy companies. Current JEV shareholders will retain their shares and receive additional HTC shares on a pro rata basis. The decision aims to allow both businesses to operate with distinct strategies and focused investment plans. Shareholder approval may be sought at the AGM scheduled for January 15, 2025. Post-separation, JEV will continue trading on TSX Venture Exchange, representing its oil and gas business.
Jericho Energy Ventures Inc. (TSXV:JEV, OTC PINK:JROOF, FRA:JLM) is set to participate in the Lytham Partners Fall 2024 Investor Conference on October 1, 2024. The event will be held virtually, featuring a webcasted presentation and one-on-one meetings with investors.
Key details:
- Webcasted presentation: Tuesday, October 1, 2024, at 11am ET (8am PT)
- Webcast access: Available on the conference home page or directly via a provided link
- One-on-one meetings: Management will be available for virtual meetings throughout the event
Investors can arrange meetings by contacting Lytham Partners or registering for the event through the provided link. The webcast will be available for replay following the event.
Jericho Energy Ventures Inc. (TSXV:JEV, OTC PINK:JROOF) has announced amendments to its outstanding convertible debentures and warrants. The key changes include:
1. The conversion price of debentures totaling CDN$5,703,568 has been reduced from CDN$0.70 to CDN$0.20.
2. The maturity date of these debentures has been extended by one year to January 7, 2026.
3. The exercise price of 6,839,920 warrants has been amended to CDN$0.25.
These amendments are subject to final TSXV approval and include insider participation exempt from certain regulatory requirements.
Hydrogen Technologies (HT), a subsidiary of Jericho Energy Ventures, has successfully tested its patented next-generation Dynamic Combustion Chamber (DCC™) boiler burner. The tests, conducted at Selas Heat Technology's Ohio facility, aim to extend the use of this zero-emission technology beyond steam and hot water production to direct fired industrial applications, such as steel, glass, and chemical production. The DCC™ burner system is designed to lower manufacturing costs, improve maintenance efficiencies, and enhance output flexibility. Jericho Energy Ventures CEO Brian Williamson highlighted the potential for decarbonizing high-temperature industrial processes. HT plans to showcase the DCC™ system in Demo Days later this year. The DCC™ boilers, which eliminate greenhouse gas emissions through a hydrogen-fueled process, have received the Solar Impulse Efficient Solution label.
Hydrogen Technologies (HT) will exhibit and present at the International District Energy Association (IDEA) 2024 Annual Conference in Orlando, Florida, June 17-20. HT will feature its patented DCC™ hydrogen-fueled, zero-emission boiler, aimed at de-carbonizing and fortifying energy systems. The company will be at Booth #45 and Principal Engineer Aaron Nackos will speak on June 19 about economic use cases for hydrogen boilers. The DCC™ boiler, which has received the 'Solar Impulse Efficient Solution' label, offers a highly efficient, GHG-free alternative to conventional boilers.
Jericho Energy Ventures announced that its portfolio company, Supercritical Solutions, has partnered with HAMR Energy on a groundbreaking project to reduce renewable methanol costs by up to 20%. Funded by the Australia-UK Renewable Hydrogen Innovation Partnership, the consortium will embark on a AUD 1.5 million project. The first phase includes a feasibility study and empirical testing of Supercritical's high-pressure hydrogen electrolyzers. The project aims to commercialize renewable methanol production by 2030, presenting a multibillion-dollar opportunity globally. Supercritical's technology boasts a system efficiency of 42 kWh/kgH2 and delivers hydrogen at over 200 bar, promising significant reductions in capital and operational expenditures for methanol production facilities.
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