Welcome to our dedicated page for Jericho Energy Ventures news (Ticker: JROOF), a resource for investors and traders seeking the latest updates and insights on Jericho Energy Ventures stock.
Jericho Energy Ventures Inc. (OTC: JROOF) generates news centered on the intersection of energy assets and AI infrastructure. The company describes itself as an energy innovation business that leverages long-producing oil and gas joint venture assets and Oklahoma infrastructure to support build-to-suit AI data centers, making its operational updates and strategic announcements relevant for investors tracking energy-backed digital infrastructure.
Recent news has highlighted Jericho’s oil and gas revitalization program in Oklahoma, including activity at the Oaktree wells and broader efforts to evaluate behind-pipe production potential and drilled but uncompleted wells. These updates are often connected to the company’s stated goal of using behind-pipe natural gas resources to power infield AI data centers, linking traditional energy operations with emerging compute demands.
Jericho’s disclosures also feature developments at its Morrison Data Center Site in Noble County, Oklahoma, and an AI Data Center Campus on its energy portfolio, where it reports access to grid power, low-price natural gas, water, fiber connectivity, and high-voltage transmission infrastructure. Additional news covers partnerships such as its Memorandum of Understanding with M2 Development Solutions, which introduces large sites in Ohio and Nevada into Jericho’s AI data center portfolio, and event participation like the AI Infra Summit 4.
Another recurring news theme is Jericho’s non-binding Letter of Intent with Smartkem, Inc. for a proposed all-stock business combination aimed at forming a U.S.-owned AI-focused infrastructure company. Company releases emphasize that the LOI is non-binding and that there is no assurance a definitive agreement will be reached. Readers of this news page can review updates on these discussions, operational milestones in Oklahoma, strategic partnerships, and Jericho’s ongoing positioning at the nexus of energy and AI.
Jericho Energy Ventures (TSXV:JEV, OTC PINK:JROOF) highlights its subsidiary Hydrogen Technologies role in Canada's energy transition post the 25% rise in the national carbon tax, effective April 1, 2022. The tax now totals $50 per tonne, influencing fuel costs and requiring companies to adopt lower carbon solutions. Hydrogen Technologies has advanced its cleanH2steam Dynamic Combustion Chamber™ zero-emission boiler, anticipating increased demand. CEO Brian Williamson notes significant opportunities for businesses to reduce carbon emissions amid rising costs influenced by government regulations.
Jericho Energy Ventures (OTC:JROOF) announces an update on its oil and gas portfolio amid rising global petroleum demand. With crude oil and natural gas prices at eight-year highs, Jericho anticipates 15-18% increases in field-level operating cash flow margins for 2022. The company holds approximately 52,000 net acres in Oklahoma and operates unhedged production, allowing full leverage to current prices. Jericho aims to reinvest profits into developing its assets while continuing its focus on low-carbon energy transition initiatives.
Jericho Energy Ventures (OTC PINK:JROOF) announced that its portfolio company, H2U Technologies, signed a Joint Development Agreement (JDA) with Industrie De Nora to explore non-platinum group metal catalysts for green hydrogen production. This collaboration aims to reduce costs in hydrogen production, promoting energy transition. De Nora, a leader in electrolysis technology, will assist in bringing H2U's catalysts to market. Ryan Breen, Jericho's Head of Corporate Strategy, highlighted the potential of this technology to transform affordable green hydrogen production.
Jericho Energy Ventures (OTC PINK:JROOF) announced an investor webinar on March 24, 2022, at 4:05 PM ET, led by CEO Brian Williamson.
The webinar will address key developments, including:
- Growth in its Hydrogen Technologies subsidiary, engaging three major corporations.
- The Mid-Continent Oil & Gas portfolio benefitting from rising prices.
- Fast-tracked interest in its District Heating Program.
Investors are encouraged to submit questions prior to the event.
Jericho Energy Ventures (JROOF) announces that CEO Brian Williamson will present at the H2 View's Virtual Hydrogen Summit Europe 2022 on March 15, 2022. He will participate in a panel alongside notable hydrogen industry leaders, highlighting Jericho's commitment to the low-carbon energy transition. The company focuses on hydrogen technologies, energy storage, and carbon capture. Jericho also holds strategic investments in companies like H2U Technologies and Supercritical Solutions, enhancing its position in the $30 billion commercial and industrial heat and steam market.
Jericho Energy Ventures (OTC PINK:JROOF) announced that its portfolio company, H2U Technologies, successfully closed an oversubscribed USD$11 million Series A funding round. Major investors included Freeflow Ventures and Hess Corporation. Jericho increased its initial investment by 15%. The funding will advance H2U's low-cost, innovative electrolyzer designs and its proprietary Catalyst Discovery Engine™, aimed at enhancing clean hydrogen production. H2U collaborates with Southern California Gas Co. to replace 25% of its natural gas with clean hydrogen, requiring significant electrolysis capacity.
H2U Technologies, Inc. closed an oversubscribed $11 million Series A funding round, supported by leading firms including Jericho Energy Ventures and Hess Corporation. This follows a $7 million tranche in 2021. H2U aims to advance green hydrogen production using innovative, low-cost catalysts and a unique Catalyst Discovery Engine™ that accelerates research by a million times. Funding will enhance their electrolyzer designs and support the build of proprietary technology. H2U addresses the urgent need to reduce reliance on expensive rare earths in hydrogen production.
Jericho Energy Ventures (OTC PINK:JROOF) praised the U.S. Department of Energy's $9.5 billion Clean Hydrogen Initiatives under the Bipartisan Infrastructure Law. This initiative aims to integrate clean hydrogen into various sectors to achieve President Biden's goals of a 100% clean grid by 2035 and net-zero emissions by 2050. The funding allocates $8 billion for Regional Clean Hydrogen Hubs, $1 billion for Electrolysis Programs, and $500 million for Manufacturing Initiatives. Jericho plans to invest in hydrogen technologies to align with these objectives.
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Jericho Energy Ventures (OTC:JROOF) announces a new initiative by its subsidiary, Hydrogen Technologies (HT), focusing on the adoption of its cleanH2steam DCC™ zero-emission hydrogen boiler technology. This aligns with the U.S. Department of Energy's USD$7.5 million funding opportunity aimed at reducing carbon emissions in district heat systems. HT's technology promises to eliminate CO2, SOX, and NOX emissions, appealing to district energy operators. The company will engage with industry leaders at upcoming conferences to promote early adoption of this innovative solution.
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