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Jericho Energy Proposed Spin-off Opens its Hydrogen Division to $30 Trillion ESG market
(TheNewswire) April 24, 2024 – The Newswire – Global Stocks News – In ...
About this update from Jericho Energy Ventures Inc
[{"type":"text","content":"Jericho Energy Proposed Spin-off Opens its Hydrogen Division to $30 Trillion ESG market\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n April 24, 2024 – The Newswire – Global Stocks News\n– In a press release dated April 17, 2024, Jericho Energy Ventures\n(TSXV:JEV) (OTC PINK:JROOF) (FSE:JLM) announced that it is exploring a\n \n \n \n \n potential spin-off and\nseparate listing of its Hydrogen platform\n \n \n \n \n .\n \n \n \n \n Currently, Jericho owns and operates producing oil and\ngas projects in Oklahoma, USA, which – although a source of revenue\n– dilutes the company’s green energy credentials.\n \n \n \n \n As a growing technology innovator, the hydrogen\nbusiness will likely need access to capital.  Decoupling from the oil\nbusiness will expand the potential sources of funding to include ESG\nfunds.\n \n \n \n \n “\n \n \n Global ESG\nassets are $30 trillion\n \n \n , and on track to surpass\n$40 trillion by 2030,” confirms a January 2024\n \n \n \n \n ESG report from\nBloomberg Intelligence\n \n \n \n \n .\n \n \n \n “The last three years we have been using profits from the oil\nbusiness to fund our hydrogen business,” JEV director Allen Wilson\ntold Guy Bennett, the CEO of Global Stocks News (GSN). “At an\naccounting level that makes sense, but many of the funds we’ve been\ntalking to have mandates that forbid them from investing in fossil\nfuels.”\n \n \n “Having an oil division buried in the hydrogen business is\nconstraining the relationships we can form, and our access to\ncapital,” continued Allen.\n \n \n \n JEV’s Hydrogen Portfolio:\n \n \n \n \n • 100% owned subsidiary\n \n \n Hydrogen Technologies\n \n \n has developed a patented, zero-emission boiler technology to the\nCommercial & Industrial heat and steam industry.\n \n \n \n \n • Investments and board positions in\n \n \n H2U Technologies\n \n \n - a\nbreakthrough electrocatalyst and low-cost electrolyzer\nplatform.\n \n \n \n \n • Investments and board positions in\n \n \n Supercritical Solutions\n \n \n -developing the world's first, high pressure,\nultra-efficient electrolyzer.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \...