Goldman Sachs called hydrogen a “once in a lifetime opportunity,” adding, the addressable market could be worth up to $11.7 trillion in the next 30 years. Analysts at Bank of America says green hydrogen could be worth more than $11 trillion by 2050. Plus, as highlighted by The Next Web, “Green hydrogen has long been hailed as ‘the fuel of the future,”’ and the alternative that could revolutionize our energy system. Vying to become the future leaders in green hydrogen production, governmental bodies from Chile to Australia to the European Commission have all announced ambitious new green hydrogen-centered energy strategies over the last few years.” That excitement could be a major catalyst for companies, like Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF), Plug Power (NASDAQ:PLUG), Ballard Power (NASDAQ:BLDP), Bloom Energy (NYSE:BE), and FuelCell Energy (NASDAQ:FCEL).
Look at Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF)
Jericho Energy Ventures just announced its wholly owned subsidiary, Hydrogen Technologies Inc (HTI), has released a new white paper on its cleanH2steam DCC™ Boiler.
The white paper provides an overview to HTI’s foundational zero-emission hydrogen-based boiler solution. Thermal requirements driven largely by fossil fuel-based boilers for space heat, hot water, industrial process steam account for over 20% of all global greenhouse gas emissions each year. Meanwhile, new product offerings fail to fully address the inherent inefficiencies, cost and emissions related issues.
HTI’s DCC™ boiler was developed from a clean sheet of paper to be the boiler of the future. It maximizes thermal efficiency, minimizes operating headaches, and emits absolutely no greenhouse gasses or other pollutants. By combining pure hydrogen (H2) and pure oxygen (O2) gas in an exothermic reaction, the DCC™ achieves previously unattainable fuel efficiencies in the range of 95-98%. It is a closed loop system with no smokestack that is free of all current air and emission regulations. This adds up to a boiler that produces high-quality process steam at prices that can compete with best-in-class natural gas boilers.
The white paper was written to give customers and energy solution partners of HTI a look behind the curtain at the first-principles physics that govern the DCC’s performance and the economics it enables.
The cleanH2steam DCC™ white paper can be downloaded at HTI’s website (click the link below the logo): https://hydrogentechnologiesinc.com/
Brian Williamson, CEO of JEV, stated, “We are excited to release our white paper to potential customers and energy solution partners that enable our revolutionary zero-emission hydrogen boiler. Introducing a novel product to market is both exciting and challenging – our overall aim is to educate our customers and partners on the significant issues related to traditional boiler systems while highlighting our novel and patented zero-emission solution. Decarbonizing our world’s thermal needs is crucial to global net zero-emission targets and the vast majority of our customers recognize their own pathway to net zero must include a zero-emission boiler.”
Other related developments from around the markets include:
Plug Power, a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, announces Benjamin Haycraft as the Company’s newest Vice President of Strategy and Business Development, Europe. This appointment confirms Plug Power's desire to accelerate its development opportunities in Europe. Before joining Plug Power, Benjamin Haycraft advised the Company as a Santander banker, resulting in the announcement of the joint-venture projects at the start of 2021 with European leaders including the Renault Group in France and Acciona in the Iberian Peninsula. Located in France, Benjamin Haycraft will be responsible for executing the European Plug Power strategy, sourcing external growth opportunities, acting as commercial interface between Plug Power and its partners, and deploying green hydrogen generation and distribution infrastructure.
Ballard Power announced consolidated financial results for the first quarter ended March 31, 2021. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). “Supported by a strengthening policy backdrop and increased customer engagement, we have clearer line of sight on long-term growth in our core medium- and heavy-duty motive applications of bus, truck, rail and marine,” said Randy MacEwen, President and CEO. “As a result, 2021 will be marked by increased and accelerated investment ahead of market tipping points. Bolstered by a fortified balance sheet, we will deepen our investments in talent, technology, products, advanced manufacturing, localization and customer experience.”
Bloom Energyannounced an agreement with Idaho National Laboratory (INL) to independently test the use of nuclear energy to create clean hydrogen through Bloom Energy’s solid oxide, high-temperature electrolyzer. This carbon-free hydrogen is obtained through electrolysis that is powered by nuclear generation. When the electric grid has ample power, rather than ramping down power generation, the electricity generated by nuclear plants can be used to produce cost-effective hydrogen in support of the burgeoning hydrogen economy.
FuelCell Energy, a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy— announces progress toward achieving commercial deployment of its solid oxide fuel cell (SOFC) technology. The technical progress in ongoing programs is further advanced with additional funding provided by the U.S. Department of Energy (DOE). The Company is pleased to report that based on its progress and differentiated platform it has been awarded Phase 2 funding in the amount of $8 million for the previously announced ARPA-E project for development of ultra-high efficiency SOFC systems for power generation.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Jericho Energy Ventures by Jericho Energy Ventures. We own ZERO shares of Jericho Energy Ventures. Please click here for full disclaimer.
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