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Jericho Energy Ventures, Exogen Hydrogen Solutions and Sofinter Group Announce European Industrial Partnership
VANCOUVER, BC, LONDON, UK and MILAN, ITALY / ACCESSWIRE / July 13, 2023 / Jericho Energy Ventur...
About this update from Jericho Energy Ventures Inc
[{"type":"text","content":"Jericho Energy Ventures, Exogen Hydrogen Solutions and Sofinter Group Announce European Industrial PartnershipVANCOUVER, BC, LONDON, UK and MILAN, ITALY / ACCESSWIRE / July 13, 2023 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM) (\"Jericho\"), EXOGEN Hydrogen Solutions (\"Exogen\") and Sofinter Group (\"Sofinter\") are pleased to announce a strategic industrial partnership to manufacture, implement, and service an innovative new Hydrogen Steam Plant, the HSP3000, as a scalable, turnkey solution.INDUSTRIAL PARTNERSHIPThe HSP3000 is being produced and assembled by industry leader Sofinter Group. This first-of-its-kind hydrogen steam plant features the patented DCC™ boiler technology developed by Hydrogen Technologies, a wholly owned subsidiary of Jericho Energy Ventures. Exogen offers the HSP3000 as an integrated product and engineering solution including hydrogen production and storage units.TURNKEY SOLUTIONThe HSP3000 is a breakthrough, zero-emissions, hydrogen-powered steam solution for industrial steam and thermal applications. The plant comes pre-assembled in container-sized units and ships by road transport.Each HSP3000 installation is expected to permanently eliminate the CO2 equivalent of about 5,000 cars.¹ It is a powerful way for reaching Net Zero objectives, accelerating the impact roadmap for many industrial businesses and district heating facilities.Because of its pioneering design, the HSP3000 requires no smokestack or hazardous emission management systems. The only exhaust of the plant installation is clean water, which is ready for circular use with electrolyzer systems, further enhancing its positive environmental impact.For clients, this turnkey solution would eliminate onsite engineering risks associated with legacy methane boiler systems under hydrogen blending. It thereby significantly lowers the barriers to hydrogen technology adoption. The hydrogen steam plant is modular and scalable and will suit site-specific customer needs.An additional upside comes from permanently eliminating all NOx, CO2 and other GHG emissions from industrial steam and district heating applications. As a result, many businesses may have the opportunity to harvest their highly valuable carbon permits for immediate economic payback.FAST-GROWING MARKETThe fast-growing project pipeline represents strong glo...