Jericho Energy Ventures – DCC(TM) hydrogen boiler feasibility studies now span 34 facilities, 7 industries and 5 continents.
Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM) (“Jericho” or “JEV” or the “Company”) report that potential demand for its breakthrough, zero-emission DCC™ hydrogen fueled boiler, developed by its wholly owned subsidiary, Hydrogen Technologies (“HT”), has increased significantly to date in 2022 as numerous multinational companies and organizations from a diverse range of industries are working with HT to explore the utilization of DCC™ clean steam generation at their facilities.
DCC™ boilers are now being considered for deployment at major facilities across the globe, with DCC™ feasibility studies being conducted or considered at 34 site locations across 7 industries and 5 continents. The industries with the most feasibility studies in progress or under review are Food & Beverage with 11, followed by Auto and Pharma, with 7 each.
Brian Williamson, CEO of JEV, said:
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Leading climate conscious organizations are understanding that DCC™ clean steam generation offers a novel, immediate, cost-effective solution to reducing their operational emissions.
“We anticipate seeing some of our current feasibility study clients move to secure the DCC™ for deployment at their facilities in the coming months.”
“Important to note is that our current roster of clients predates the recent passage of the Inflation Reduction Act, which we expect to put green hydrogen at cost parity with grey and should only serve to strengthen our sales pipeline in the U.S. with major corporations.”
The DCC™ is the world’s only hydrogen boiler with zero CO2 and zero Greenhouse Gas emissions and has been validated as operating with an overall GHG-free fuel combustion efficiency of nearly 100% in recent independent testing by Process Engineering Associates, LLC, a specialized process engineering firm.²
The DCC™ was designed to replace existing boilers that burn coal, natural gas, diesel, or fuel oil, which are estimated to account for over 20% of all global greenhouse gasses emitted each year.³
About Hydrogen Technologies
Hydrogen Technologies (HT) offers its award-winning CLEAN, ZERO-EMISSION ENERGY SOLUTION for the Commercial and Industrial Boiler Market.
There are a wide range of applications for our cleanH2steam DCC™ Boiler, which work much like traditional commercial heat, hot water and industrial steam boilers: be it district heating, food processing, chemical refining, pharmaceuticals, pulp and paper mills or industrial manufacturing processes, HT has a reliable, efficient and clean solution for your GHG and ESG goals.
About Jericho Energy Ventures
Jericho Energy Ventures (JEV) is an energy company positioned for the current energy transitions; owning, operating and developing both traditional hydrocarbon JV assets and advancing the low-carbon energy transition, with active investments in hydrogen.
Our wholly owned subsidiary, Hydrogen Technologies, delivers breakthrough, patented, zero-emission boiler technology to the approximately $30 Billion Commercial & Industrial heat and steam industry.*
We also hold strategic investments and board positions in H2U Technologies (a breakthrough electrocatalyst and low-cost electrolyzer platform) and Supercritical Solutions (developing the world’s first, high pressure, ultra-efficient electrolyzer).
Jericho also owns and operates long-held producing oil and gas JV assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production into the current elevated commodity price environment.
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Jericho Energy Ventures: DCC(TM) Hydrogen Boiler Feasibility Studies Now Span 34 Facilities, 7 Industries and 5 Continents, NEWTOWN, PA and VANCOUVER, BC., November 2, 2022
