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JEV Portfolio Company H2U and Tokyo Gas Partner to Develop Low-Cost Electrolyzers
TULSA, OK and VANCOUVER, BC / ACCESSWIRE / March 10, 2023 / Jericho Energy Ventures Inc. (TS...
About this update from Jericho Energy Ventures Inc
[{"type":"text","content":"JEV Portfolio Company H2U and Tokyo Gas Partner to Develop Low-Cost ElectrolyzersTULSA, OK and VANCOUVER, BC / ACCESSWIRE / March 10, 2023 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM) (\"Jericho\", \"JEV\" or the \"Company\") is pleased to announce that its portfolio company, H2U Technologies, and Tokyo Gas Co., Ltd. have partnered under a multi-year Joint Development Agreement (JDA) to discover novel catalysts and develop techniques to apply those catalysts onto membranes. The companies will leverage H2U's proprietary Catalyst Discovery Engine™ (CDE™) to reduce the cost of Proton Exchange Membrane (PEM) electrolyzers. The joint H2U-Tokyo Gas news release can be accessed at H2U's website. JEV is a significant shareholder in H2U and holds a seat on its Board of Directors. Energy suppliers and manufacturers across the globe are taking the initiative to scale up electrolyzer manufacturing, especially for Proton Exchange Membrane (PEM) electrolyzers that are ideal for making \"green\" hydrogen from renewable energy sources like wind and solar. However, a major hurdle stands in the way. Contemporary PEM electrolyzer designs rely on rare, costly platinum group metals (PGMs) like iridium, a very expensive element with a highly constrained supply. That's where H2U's proprietary CDE comes into play. The CDE allows scientists to rapidly discover and develop novel catalysts that are composed of abundant materials costing a fraction of the price of precious metals in use today. H2U scientists then use artificial intelligence and machine learning (AI/ML) to further refine the search for the optimal catalyst materials. By collaborating with H2U and utilizing the CDE, Tokyo Gas aims to develop low-cost, high-performance, non-iridium catalysts and catalyst-coated membranes, thereby developing an insurance policy against future supply chain issues. Tokyo Gas plans to utilize hydrogen produced from electrolysis either directly or to manufacture e-methane.About Tokyo Gas Co., Ltd. Founded in 1885, Tokyo Gas Co., Ltd. is Japan's largest provider of city gas primarily in the Tokyo metropolitan area and surrounding Kanto region. Since the liberalization of Japan's electricity market, it has also been providing electricity in the same area. As of its group's management vision \"Compass2030,\" Tokyo Gas promotes the ...