Jericho Energy Ventures (JROOF) announces that its subsidiary, Hydrogen Technologies, has been granted a UK patent for its zero-emission hydrogen-oxygen combustion technology. This adds to multiple existing US patents, strengthening their IP portfolio. The company is currently working with manufacturing partners Superior Boiler and Selas Heat Technology to implement their DCC™ boiler technology at a Western US university for campus district heating. The technology aims to decarbonize the $198 billion global district heating market. JEV has announced plans to spinout its hydrogen platform as a separate company.
Jericho Energy Ventures (JROOF) annuncia che la sua controllata, Hydrogen Technologies, ha ricevuto un brevetto nel Regno Unito per la sua tecnologia di combustione a idrogeno-ossigeno a zero emissioni. Questo si aggiunge a molteplici brevetti esistenti negli Stati Uniti, rafforzando il loro portafoglio di proprietà intellettuale. L’azienda sta attualmente collaborando con i partner produttivi Superior Boiler e Selas Heat Technology per implementare la loro tecnologia di caldaia DCC™ presso un’università del West degli Stati Uniti per il riscaldamento del distretto del campus. La tecnologia mira a decarbonizzare il mercato globale del riscaldamento del distretto, valutato 198 miliardi di dollari. JEV ha annunciato piani per scorporare la sua piattaforma di idrogeno come una nuova azienda.
Jericho Energy Ventures (JROOF) anuncia que su subsidiaria, Hydrogen Technologies, ha recibido una patente en el Reino Unido por su tecnología de combustión de hidrógeno-oxígeno sin emisiones. Esto se suma a múltiples patentes existentes en EE. UU., fortaleciendo su cartera de propiedad intelectual. La compañía está trabajando actualmente con los socios de fabricación Superior Boiler y Selas Heat Technology para implementar su tecnología de caldera DCC™ en una universidad del oeste de EE. UU. para calefacción del distrito del campus. La tecnología tiene como objetivo descarbonizar el mercado global de calefacción de distrito, valorado en 198 mil millones de dólares. JEV ha anunciado planes para escindir su plataforma de hidrógeno como una empresa separada.
제리코 에너지 벤처스 (JROOF)는 자회사인 수소 기술가 제로 배출 수소-산소 연소 기술에 대한 영국 특허를 받았다고 발표했습니다. 이는 미국에서 이미 존재하는 여러 특허에 추가되어 지적 재산 포트폴리오를 강화합니다. 회사는 현재 수퍼리어 보일러와 셀라스 히트 테크놀로지와 협력하여 미국 서부의 대학 캠퍼스 지역 난방을 위해 DCC™ 보일러 기술을 구현하고 있습니다. 이 기술은 1,980억 달러 규모의 글로벌 지역 난방 시장의 탈탄소화를 목표로 하고 있습니다. JEV는 수소 플랫폼을 별도의 회사로 분리할 계획을 발표했습니다.
Jericho Energy Ventures (JROOF) annonce que sa filiale, Hydrogen Technologies, a obtenu un brevet au Royaume-Uni pour sa technologie de combustion hydrogène-oxygène à émissions nulles. Cela s’ajoute à plusieurs brevets existants aux États-Unis, renforçant leur portefeuille de propriété intellectuelle. L’entreprise travaille actuellement avec les partenaires de fabrication Superior Boiler et Selas Heat Technology pour mettre en œuvre leur technologie de chaudière DCC™ dans une université de l’ouest des États-Unis pour le chauffage de district du campus. La technologie vise à décarboniser le marché mondial du chauffage de district, évalué à 198 milliards de dollars. JEV a annoncé des plans pour découper sa plateforme hydrogène en tant qu’entreprise distincte.
Jericho Energy Ventures (JROOF) gibt bekannt, dass ihre Tochtergesellschaft, Hydrogen Technologies, ein britisches Patent für ihre emissionsfreie Wasserstoff-Sauerstoff-Verbrennungstechnologie erhalten hat. Dies kommt zu mehreren bestehenden US-Patenten hinzu und stärkt ihr IP-Portfolio. Das Unternehmen arbeitet derzeit mit den Produktionspartnern Superior Boiler und Selas Heat Technology zusammen, um ihre DCC™-Boilertechnologie an einer Hochschule im Westen der USA für die Campus-Quartiersheizung zu implementieren. Die Technologie zielt darauf ab, den 198 Milliarden US-Dollar schweren globalen Markt für Quartiersheizung zu dekarbonisieren. JEV hat Pläne angekündigt, seine Wasserstoffplattform als eigenständiges Unternehmen auszugliedern.
Positive
- Secured new UK patent for hydrogen-oxygen combustion technology
- Active deployment of DCC™ boiler technology at major Western US university
- Targeting $198 billion global district heating market
- Planned spinout of hydrogen platform to create standalone company
PHILADELPHIA, PA and VANCOUVER, BC / ACCESSWIRE / November 27, 2024 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM) (“Jericho”, “JEV” or the “Company”) is pleased to announce that its wholly owned subsidiary, Hydrogen Technologies (“HT“), has been awarded a UK patent for its groundbreaking zero-emission hydrogen-oxygen (H2/O2) combustion technology.
This is a continuation of Jericho’s IP protection strategy for its cutting-edge clean energy solutions, which are aimed at transforming the commercial hydrogen energy market. In addition to the newly granted UK patent, HT has secured multiple patents from the United States Patent and Trademark Office (USPTO), with others currently pending approval.
Brian Williamson, CEO of JEV, commented: “Securing this UK patent is a key milestone in our IP protection strategy as we move to commercialization of our groundbreaking H2/O2 combustion technology. We remain committed to an IP protection strategy that recognizes the value of Jericho’s IP portfolio with each new generation and innovation.”
HT is presently working with its manufacturing partners, Superior Boiler and Selas Heat Technology, to deploy its cutting-edge DCC™ boiler technology at a prominent Western US university to provide decarbonized district heat for its campus. This development places JEV and HT at the forefront of market ready solutions to decarbonize the estimated
HT is actively collaborating with several multinational corporations, universities, and districts to study the use of its zero-emission hydrogen boiler technology to significantly reduce scope 1 emissions.
Hydrogen Technologies’ GHG-free hydrogen-fueled boilers offer a highly efficient and sustainable alternative to conventional fossil fuel-based boilers. DCC™ boilers eliminate greenhouse gas emissions, providing a clean and eco-friendly source of steam and hot water for various industries and applications. HT’s DCC™ system is a recipient of the Solar Impulse Foundation’s prestigious “Solar Impulse Efficient Solution” award recognizing profitable solutions to protect the environment.
JEV recently announced plans to spinout its hydrogen platform from its traditional energy assets as a separate, pure-play H2 solutions company to maximize shareholder value.
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 works much like traditional commercial heat, hot water and industrial steam boilers. Whether the application is district heating, food processing, chemical refining, pharmaceuticals, pulp and paper mills, or any other industrial process, HT has a reliable, efficient and clean solution for your GHG and ESG goals.
Website: www.hydrogentechnologiesllc.com
X: https://x.com/h2_technologies
LinkedIn: https://www.linkedin.com/company/hydrogen-technologies-inc/
About Jericho Energy Ventures
Jericho 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 Commercial & Industrial heat and steam industry. We also hold strategic investments and board positions in California Catalysts (formerly H2U Technologies), a leading developer of advanced materials for electrolysis, 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.
Website: www.jerichoenergyventures.com
X: https://x.com/JerichoEV
LinkedIn: www.linkedin.com/company/jericho-energy-ventures
YouTube: www.youtube.com/c/JerichoEnergyVentures
CONTACT:
Allen Wilson, Director, or
Adam Rabiner, Dir. of Investor Relations
Jericho Energy Ventures Inc.
Tel. 604.343.4534
Email: investorrelations@jerichoenergyventures.com
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements“) within the meaning of applicable securities laws. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho’s control. Forward-looking statements are frequently characterized by words such as ”plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will” or “may not” occur.
Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include, but are not limited to: regulatory changes; changes to the definition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other infectious diseases; general economic conditions; industry conditions; current and future commodity prices and price volatility; significant and ongoing stock market volatility; currency and interest rate fluctuation; governmental regulation of the energy industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities and risks inherent in oil and gas exploration, development and production operations; liabilities and risks inherent in early stage hydrogen technology projects, energy storage, carbon capture and new energy systems; changes in government environmental objectives or plans; and the other factors described in Jericho’s public filings available at www.sedarplus.ca.
The forward-looking statements contained herein are based on certain key expectations and assumptions of Jericho concerning anticipated financial performance, business prospects, strategies, regulatory regimes, the sufficiency of budgeted capital expenditures in carrying out planned activities, the ability to obtain financing on acceptable terms, expansion of consumer adoption of the Company’s (or its subsidiaries’) technologies and products, results of DCC™ feasibility studies and the success of investments, all of which are subject to change based on market conditions, potential timing delays and other risk factors. Although Jericho believes that these assumptions and the expectations are reasonable based on information currently available to management, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on forward-looking statements.
Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking statements that are contained or referenced herein, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
¹ Future Market Insights, “District Heating Market Outlook (2023 to 2033),”by Nikhil Kaitwade, Analyst, January 2023
SOURCE: Jericho Energy Ventures, Inc.
View the original press release on accesswire.com
FAQ
What patent did Jericho Energy Ventures (JROOF) receive in 2024?
Jericho Energy Ventures received a UK patent for its zero-emission hydrogen-oxygen (H2/O2) combustion technology through its subsidiary Hydrogen Technologies.
Where is Jericho Energy Ventures (JROOF) implementing its DCC™ boiler technology?
The company is implementing its DCC™ boiler technology at a prominent Western US university to provide decarbonized district heat for its campus.
What is the market size for district heating that Jericho Energy Ventures (JROOF) is targeting?
Jericho Energy Ventures is targeting the global district heating market, estimated at $198 billion.
What strategic corporate action is Jericho Energy Ventures (JROOF) planning?
Jericho Energy Ventures plans to spinout its hydrogen platform from its traditional energy assets as a separate, pure-play H2 solutions company.
