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Jericho Energy Ventures: The HALO Hydrogen Hub Advances as U.S Department of Energy Encourages HALO to Submit a Full Application for the Regional Clean Hydrogen Hubs Program
TULSA, OK and VANCOUVER, BC / January 4, 2023 / Further to its news release on December 15, 20...
About this update from Jericho Energy Ventures Inc
[{"type":"text","content":"Jericho Energy Ventures: The HALO Hydrogen Hub Advances as U.S Department of Energy Encourages HALO to Submit a Full Application for the Regional Clean Hydrogen Hubs ProgramTULSA, OK and VANCOUVER, BC / January 4, 2023 / Further to its news release on December 15, 2022, Jericho Energy Ventures Inc. (TSXV: JEV)(OTC: JROOF)(FRA: JLM) (\"Jericho\", \"JEV\" or the \"Company\") is pleased to announce that the U.S. Department of Energy (DOE) has encouraged the HALO Hydrogen Hub (HALO Hub) to submit a full application for the Regional Clean Hydrogen Hubs Program.After completing independent evaluations of 79 first round concept papers, the DOE has invited 33 applicants -- including the HALO Hub -- to submit final applications.JEV is a proud participant in the HALO Hydrogen Hub, a three-state partnership between Arkansas, Louisiana, and Oklahoma, which will submit an application to receive up to US$1.25 billion in DOE funding to spur hydrogen development and end-use. A joint press release regarding the DOE's encouragement for HALO's full application was issued by the three partner state Governors.Louisiana Governor John Bel Edwards, stated, \"HALO states already have a healthy infrastructure in place that is actively delivering the raw materials to our industrial base, which is in turn making use of that hydrogen feedstock - next steps will be making sure all that hydrogen becomes low-carbon and making it more available and accepted as a major energy source.\"As announced on Dec. 15, 2022, JEV's HALO Hub submission included the utilization of its novel zero-emission DCC™ hydrogen fueled boiler in partnership with one of the largest food companies in the U.S., illustrating the potential and breadth of markets for its DCC™ and the role the Company expects it to play in decarbonizing the commercial and industrial heat and steam markets nationwide.The HALO Hub encompasses a diverse network of stakeholders engaged in the promotion of hydrogen production, transport, storage, and utilization. For more information, visit www.h2alo.org.The DOE's Regional Clean Hydrogen Hubs program-or H2Hubs-includes up to US$7 billion in funding to assist with the establishment of six to 10 regional clean hydrogen hubs across America.JEV, through its wholly owned subsidiary, Hydrogen Technologies (HT), owns the zero-emission Dynamic Combustion Cha...