Disseminated on behalf of Jericho Energy Ventures Inc ValueTheMarkets, a trading name of Digitonic Ltd., was compensated by Jericho Energy Ventures Inc two hundred and sixty thousand US dollars to produce and disseminate this. Digitonic Ltd. does not own a position in Jericho Energy Ventures Inc
INVESTOR UPDATE: SEPTEMBER 2023
Jericho Energy Ventures: Helping Industry Transition to Net Zero
Energy
Jericho Energy Ventures Inc | Listed on:
With more than 70 countries and hundreds of businesses setting net-zero goals, there is a huge (and growing) market for companies like Jericho Energy Ventures Inc. (TSXV: JEV) (OTC: JROOF) (FRA: JLM) to provide them with green energy solutions.
Atrium Research, an equity research firm, recognizes this untapped potential and their latest report has given JEV stock an upgraded BUY rating with a target share price of CA$0.50, up from CA$0.40 in their initial report. This represents a 61% return to target, indicating a real growth opportunity for investors here. This conservative outlook focuses on the potential for Jericho’s hydrogen boiler technology to scale as a focal point of industrial decarbonization. Of course, that’s not all Jericho is involved in, so the opportunities open to the company are even greater than outlined in Atrium’s report.
Tune in to Jericho’s shareholder video below to hear CEO Brian Williamson discuss the company’s latest plans and progress.
A leading U.S. University recently selected Jericho’s DCC™ hydrogen boiler technology for deployment to decarbonize its district heating system, placing JEV at the forefront of decarbonizing the $198B global district heating market.
JEV is also collaborating with a global alcoholic beverage giant for a four-country study, in another exciting move.
Meanwhile, Jericho announced a strategic industrial partnership in Europe with EXOGEN Hydrogen Solutions and Sofinter Group to develop an innovative Hydrogen Steam Plant, the HSP3000. This partnership marks a significant breakthrough for JEV as the HSP3000 could help industrial companies drastically reduce their emissions.
More recently, Jericho’s HALO Hydrogen Hub entry ranks among the top 10 likely to secure funding from the Department of Energy's clean hydrogen hubs program, which is providing $7 billion in regional grants.
It’s timely news, as this is an example of companies being increasingly incentivized to opt for green hydrogen technologies through tax credits and grants, which are being pushed by governments globally.
Jericho Energy Ventures (JEV) Price Target & Analyst Rating
Analyst: Atrium Research
Report Date: 2023-08-03
- Target Price:
- $0.50 (CA) / share
- Return to Target:
- 177.78%
- Exchange / Symbol
- TSXV: JEV / OTC: JROOF
- Market Capitalization
- $46.76 million (CA)
- Current price
- $0.18 (CA)
- Current mid price
- $0.18 (CA)
- 52 Week high price
- $0.24 (CA)
- 52 Week low price
- $0.08 (CA)
Steaming Towards a Carbon-Free Future
Decarbonizing heat is one of the greatest challenges faced by energy markets as they transition toward a greener future. It is also increasingly important for companies to decarbonize to meet preferred supplier criteria and win new business. That’s why Jericho is proud to be in a leading position to help both the expansive industrial steam and district heating markets reduce their emissions.
The HSP3000 first-of-its-kind hydrogen steam plant features the patented DCC™ boiler technology developed by Hydrogen Technologies, Jericho’s wholly owned subsidiary. And it’s the power of this carbon-killing component that makes this such a significant development. Each DCC™ boiler is anticipated to eliminate the equivalent CO2 emissions of approximately 5,000 cars with a potential to scale that’s unprecedented. This makes Jericho’s boiler tech hugely appealing to companies looking for a simple way to decarbonize.
Furthermore, there are huge drivers behind the growth of the hydrogen industry, with subsidies and incentives being used to encourage companies to switch to hydrogen-powered solutions, sooner rather than later.
Jericho Energy Ventures and its boiler technology is itself a proud participant in the HALO Hydrogen Hub’s final submission to the U.S. Department of Energy’s $7bn Regional Clean Hydrogen Hubs program, in partnership with one of the largest food companies in the United States. This collaboration further illustrates the potential and breadth of markets for Jericho’s DCC™ boiler and the role Jericho expects it to play in decarbonizing the nationwide commercial and industrial heat and steam markets.
With strategic alignment, Jericho is in the right place at the right time, bringing its patented zero-emission solution to the steam boiler industry, while pursuing additional hydrogen production solutions to bring cost and resource intensity down.
“Decarbonizing heat is the holy grail in energy markets and at Jericho we are right in the middle of it. With our leading hydrogen technologies, we are enablers of the green energy transition. Therefore, we are very excited about our three-way partnership with Sofinter Group in manufacturing and after-market services, and Exogen in product and engineering solutions. By joining forces to solve some of the most important problems of our time, we are in a leading position to service the decarbonization needs of the large industrial steam market and the equally expansive district heating segments. The future is green, and we are proud to be part of the solution.”
Breaking the Mold with Three Groundbreaking Hydrogen Initiatives
Having made intelligent acquisitions and strategic choices in recent years, Jericho is now advantageously invested in three areas of hydrogen-relevant innovation.
While Hydrogen Technologies’ zero-emission boiler is Jericho Energy Ventures’ core asset, the company is also invested in Supercritical and H2U Technologies. Supercritical is developing the world’s first high-pressure, ultra-efficient electrolyser to produce hydrogen with zero emissions, while H2U is developing technologies that dramatically reduce the cost of green hydrogen.
Leading Jericho into this greener future is an accomplished team with an impressive track record. Some of their past positions include time at The Harbor Group, Apco Oil & Gas, JP Morgan, Sequoia Partners, and McKinsey, among others. Additionally, major shareholders in Jericho include big players from successful businesses like DuPont and Take-Two Interactive.
Additionally, Jericho is in an enviable position in that it continues to generate impressive cash flow from its legacy hydrocarbon assets. The company can deploy this cash into its hydrogen innovations meaning this ready access to cash should help protect shareholders against share price dilution.
Our Key Points of Differentiation
-
Green Transition
More than 70 countries and hundreds of businesses have set net-zero goals, creating a huge market opportunity for companies like Jericho that can provide them with green energy solutions.
-
Hydrogen Exposure
There are huge drivers behind the growth of the industry, including a US government-funded project to create 6-10 clean hydrogen hubs with $1bn of investment in each project.
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A Major Disruptor
Jericho’s wholly-owned hydrogen boiler is a patented zero-emission solution for the steam boiler industry, which was valued at over $15bn in 2022.
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Solid Foundations
Jericho’s unique business plan sees cash flow from its oil and gas operations, which has reached record levels this year, funding exciting green technology. Shareholders are therefore protected against share price dilution, unlike investors in many small-cap rivals.
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Powered By Experts
Jericho’s leadership team is made up of experienced experts, while major shareholders include huge players from successful businesses like DuPont and Take-Two Interactive.
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Analyst Approved
Analyst coverage has initiated Jericho stock with a BUY rating, expressing major confidence in the company’s ability to grow sales over the next two years.
Leading the Way to a More Sustainable Energy Future
The pursuit of a net zero future is a commendable objective and an incredible opportunity. When you consider the global population surpassing 8 billion people, it is clear there is a pressing need to evolve beyond traditional energy sources towards a cleaner energy future. This situation provides Jericho Energy Ventures with a chance to lead. By leveraging its extensive expertise in energy and capitalizing on its profound scientific research, the company can play a pivotal role in helping both the planet and the commercial marketplace transition to a cleaner and more sustainable energy future.
As of mid-2023, after two years of concentrating on the energy transition, Jericho is beginning to see the results of its efforts. The focus has been on the commercial industrial marketplace, a sector worth $30 billion, and the company believes it has only begun to scratch the surface of this market’s potential. Expectations are high for the second half of 2023 to reveal the true scale of the market opportunity ahead.
Latest News
It’s full steam ahead for Jericho Energy Ventures in 2023. The recent partnership announcement with Exogen and Sofinter Group, record cash flow from its legacy assets, and positive analyst coverage all set the stage for an exceptionally promising future.
Jericho Energy Ventures' Hydrogen Technology Chosen by Leading U.S. University to Drive Sustainable District Energy (3 August 2023)
Jericho Energy Ventures, Exogen Hydrogen Solutions and Sofinter Group Announce European Industrial Partnership (13 July 2023)
JEV Portfolio Company H2U Technologies Announces Hydrogen Industry’s First Commercial-Scale Non-Iridium PEM Electrolyzer (27 June 2023)
Read our Investor Presentation Now
Join Jericho Energy Ventures on its Exciting Hydrogen Journey. Discover More Today.
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