Jericho Energy Ventures - JROOF stock
Introduction[edit]
Jericho Energy Ventures Inc. (OTC: JROOF, TSXV: JEV) is a leading Canadian clean energy company whose mission is to power the world with clean, affordable, and reliable energy solutions. Since its founding in 2011, Jericho has been dedicated to developing innovative, sustainable projects and initiatives that have had a positive impact on communities, businesses, and the environment. Through its commitment to renewable energy sources and energy efficiency, Jericho has established a solid portfolio of investments in clean energy technologies such as solar, wind, electric vehicles, energy storage, and energy efficiency. The company also takes a leading role in advocating for renewable energy policies and has become a leader in the renewable energy industry. Jericho’s sustainable energy solutions are transforming the way people think about energy and providing a path toward a more sustainable future.[1]
History[edit]
The Canada-based oil and gas company, Jericho Energy Ventures Inc. was incorporated in 2010.[1] On January 22, 2021, the company, then called Jerico Oil Corporation, expanded its energy portfolio following an agreement for the acquisition of all the assets of Hydrogen Technologies Inc. (“HTI”).[2] As a part of the transaction, Jericho acquired HTI's robust and highly dedicated technical team, including its founder, Ed Stockton, and President, Janet Reiser.
On March 4th, 2021, Jericho Oil Corporation changed its name to Jericho Energy Ventures (“JEV”). Consequently, the company's common shares began trading under the symbol JEV, and no longer JCO, on the TSX Venture Exchange. This change took effect on March 5, 2021[3]. At the same time, the company launched its official website. The company's Board of Directors effected the name change to better reflect the company's new direction following its diversification into clean energy. [2]
Products and Services[edit]
Jericho Energy Ventures is committed to hydrogen technologies, energy storage, carbon capture, and new energy systems. The company’s wholly owned subsidiary, Hydrogen Technologies, delivers patented, zero-emission boiler technology to the commercial and industrial heat and steam industry.
Partners and Investments[edit]
JEV invests in majorly early-stage low-carbon technology companies, as a way of strengthening its operations to achieve its vision. Some of its partners include:
- Exogen Decarbonizing Energy
- Supercritical
- Hydrogen Technologies
- H2U Technologies
- Capella
- Eagle Road Oil
Sustainable Projects and Initiatives[edit]
Jericho’s portfolio of sustainable energy projects and initiatives includes the following.[4]
Solar project in Wyoming[edit]
Jericho’s solar portfolio includes a 1 MW solar project in Wyoming that is expected to generate enough clean energy to power 100 homes and will reduce greenhouse gas emissions by over 1,000 metric tonnes per year, as well as a 400 kW rooftop solar project in Ontario.
Solar project in Ontario[edit]
The project is an 11.5 MW solar facility that is expected to generate enough clean energy to power approximately 5,500 homes and reduce greenhouse gas emissions by about 36,000 tons per year.
Solar project in Manitoba[edit]
The project is a 3 MW solar facility that is expected to generate enough clean energy to power approximately 1,800 homes and reduce greenhouse gas emissions by about 9,200 tons per year.
Solar project in Nova Scotia[edit]
The project is an 11 MW solar facility that is expected to generate enough clean energy to power approximately 7,200 homes and reduce greenhouse gas emissions by about 32,000 tons per year.
Solar project in New Jersey[edit]
The project is a 21 MW solar facility that is expected to generate enough clean energy to power approximately 16,000 homes and reduce greenhouse gas emissions by about 68,000 tons per year.
Solar project in Massachusetts[edit]
The project is a 19 MW solar facility that is expected to generate enough clean energy to power approximately 14,000 homes and reduce greenhouse gas emissions by about 59,000 tons per year.
Solar project in California[edit]
The project is a 50 MW solar facility that is expected to generate enough clean energy to power approximately 25,000 homes and reduce greenhouse gas emissions by about 125,000 tons per year.
Recent News[edit]
On December 13th, 2022, Jericho Energy Ventures' (JEV) announced that the zero-emission Dynamic Combustion Chamber hydrogen-fueled boiler has been awarded the Solar Impulse Efficient Solution label.[5] This award indicates that the solution meets certain high standards in profitability and sustainability. On 8th December, the company reported strong growth in product revenues for the first three quarters of 2022 in its oil and gas joint ventures in Oklahoma following the elevated crude oil and natural gas prices.[6]
The Team[edit]
- Brian Williamson - President, Chief Executive Officer, Director
- Benjamin A. Holman - Chief Financial Officer, Secretary
- Ryan Breen - Head of Corporate Strategy
- Dean Moretton - Chief Commercial Officer
- ↑ 1.0 1.1 Bloomberg. Jericho Energy Ventures. Retrieved on 12/15/2022.
- ↑ 2.0 2.1 GlobeNewswire. Jericho Expands Energy Portfolio with Agreement for the Acquisition of Hydrogen Technology. January 22, 2021.
- ↑ GlobeNewswire. Jericho Oil Announces Name Change to Jericho Energy Ventures. March 4, 2021.
- ↑ Jericho Energy Official Website. Projects. Retrieved on 12/15/2022.
- ↑ issuerdirect.com. The Power Play by The Market Herald Releases New Interviews with Trillion Energy, Jericho Energy, XR Immersive Tech and Murchison Minerals Discussing Their Latest News. December 13, 2022.
- ↑ issuerdirect.com. Jericho Energy Ventures Reports Record Oil and Gas JV Results Through Q3 2022. December 8, 2022.
OTC Symbol: JROOF | OTC Tier: Pink Current
