Jericho Energy Ventures Inc Stock Price, News & Analysis

H2U Technologies, Inc. closed an oversubscribed $11 million Series A funding round, supported by leading firms including Jericho Energy Ventures and Hess Corporation. This follows a $7 million tranche in 2021. H2U aims to advance green hydrogen production using innovative, low-cost catalysts and a unique Catalyst Discovery Engine™ that accelerates research by a million times. Funding will enhance their electrolyzer designs and support the build of proprietary technology. H2U addresses the urgent need to reduce reliance on expensive rare earths in hydrogen production.

Jericho Energy Ventures (OTC PINK:JROOF) praised the U.S. Department of Energy's $9.5 billion Clean Hydrogen Initiatives under the Bipartisan Infrastructure Law. This initiative aims to integrate clean hydrogen into various sectors to achieve President Biden's goals of a 100% clean grid by 2035 and net-zero emissions by 2050. The funding allocates $8 billion for Regional Clean Hydrogen Hubs, $1 billion for Electrolysis Programs, and $500 million for Manufacturing Initiatives. Jericho plans to invest in hydrogen technologies to align with these objectives.

Jericho Energy Ventures (OTC:JROOF) announces a new initiative by its subsidiary, Hydrogen Technologies (HT), focusing on the adoption of its cleanH2steam DCC™ zero-emission hydrogen boiler technology. This aligns with the U.S. Department of Energy's USD$7.5 million funding opportunity aimed at reducing carbon emissions in district heat systems. HT's technology promises to eliminate CO2, SOX, and NOX emissions, appealing to district energy operators. The company will engage with industry leaders at upcoming conferences to promote early adoption of this innovative solution.

Jericho Energy Ventures has appointed Dean Moretton as Chief Commercial Officer of its subsidiary, Hydrogen Technologies, effective February 1, 2022. Dean will oversee HT's commercial activities and expansion, focusing on the growing demand for its zero-emission hydrogen DCC™ boiler solution. He brings over 30 years of experience from leading roles in global energy markets. CEO Brian Williamson expressed enthusiasm for Dean's appointment, highlighting his relevant leadership background.

Jericho Energy Ventures has successfully led a Seed Series fundraising round for Supercritical Solutions, Ltd., securing USD$1.78 million for the development of its innovative electrolyzer technology aimed at producing low-cost clean hydrogen. The total investment reached USD$3.6 million with significant backing from notable investors. Supercritical's unique membraneless electrolyzer operates at over 200 bar pressure, potentially transforming the hydrogen production market, which is expected to grow significantly as global energy needs shift towards decarbonization.

Jericho Energy Ventures (OTC:JROOF) has successfully closed a non-brokered private placement of convertible debentures generating gross proceeds of CAD$5.7 million. The debentures, priced at CAD$0.70, are set to mature in 36 months, with an interest rate of 4% annually after one year. Each debenture is accompanied by a warrant to purchase common shares at CAD$1.00 for three years. Insider participation included CAD$1.48 million, exempting certain regulatory approvals. Proceeds will fund working capital and growth initiatives, facilitating potential future opportunities.

Jericho Energy Ventures (OTC PINK:JROOF) announced plans to raise approximately CAD$6 million through a non-brokered private placement of convertible debentures. The debentures, unsecured and maturing in 36 months, will bear an interest rate of 4% annually after one year. Investors can convert the principal at CAD$0.70 per share and accrued interest at market prices. Additionally, each CAD$0.70 debenture will come with a warrant to purchase common shares at CAD$1.00 for three years. Proceeds will support working capital and growth initiatives, pending TSX Venture Exchange approval.

Jericho Energy Ventures (TSXV:JEV)(OTC PINK:JROOF) is partnering with Bruichladdich Distillery and Protium to deploy a pioneering green hydrogen boiler system for decarbonizing whisky production. The project, backed by a USD $3.5 million grant from the UK Government’s Green Distilleries Competition, will utilize Jericho's Dynamic Combustion Chamber (DCC™) technology. This initiative not only aims to reduce carbon emissions significantly but also sets a precedent for North American brands in their decarbonization strategies.