With countries all over the world pledging to reduce emissions, “Hydrogen would be necessary for the world's largest emitters – the US, China, and Europe – to achieve net-zero climate targets by 2050 - 2060 by decarbonizing hard to abate industries,” says Energy Global. That could be beneficial for companies such as Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF), Plug Power Inc. (NASDAQ:PLUG), Ballard Power (NASDAQ:BLDP), Bloom Energy (NYSE:BE), and FuelCell Energy (NASDAQ:FCEL).
In addition, as noted by Scientific American, “Hydrogen is one of many ways to get serious about [climate change] without stopping commerce, without stopping moving vehicles, without stopping our factories or agriculture. We can shift these things over relatively quickly to hydrogen if we can get the cost down. Hydrogen offers a lot of the benefits of diesel fuel, such as fast refueling and long driving range, without the carbon emissions—or any emissions, for that matter, as long as you make the hydrogen from a clean source. The way it works is through electrolysis: a technology that can take any electricity source—whether it’s wind, solar, geothermal, hydro or nuclear—[and use it to split] water into hydrogen and oxygen.”
Look at Jericho Energy Ventures for example
Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF) announced its wholly owned subsidiary, Hydrogen Technologies has filed for a series of new provisional patents associated with the advancements of its second generation hydrogen boiler with the US Patent and Trademark Office.
On May 26, 2021, JEV announced the launch of HT’s newest Generation 2.0 cleanH2steam Dynamic Combustion Chamber™ (DCC™) Boiler 3000 Series design. The second generation DCC™ Boiler has an improved and streamlined fuel delivery system featuring high precision mass flow meters, increased process monitoring and remote management options. Improvements were also made to the ignitor design providing optimum combustion resulting in higher thermal efficiencies.
The enhanced engineering design was also accompanied by an active procurement strategy which led to metallurgy changes that address the current high cost and long lead time of stainless steel in global supply chains.
There is no pathway to Net Zero targets without a robust, efficient, zero-emission boiler. Currently, 37 percent of the fossil fuels burned by US industry alone is to produce steam. HT’s DCC™ is the only zero-emissions, closed-loop hydrogen boiler, which produces clean process steam without generating any air pollutants or emissions. The DCC™ system is designed to replace existing boilers that burn coal, natural gas, diesel, or fuel oil, which are estimated to account for over 20 percent of all global greenhouse gasses emitted each year.
“Our Hydrogen Technologies team has made significant advances with the DCC™ boiler, leveraging Jericho’s financial and strategic capabilities to drive innovation,” said CEO Brian Williamson. “The DCC™, designed without a smokestack for energy dissipating heat and gasses, is the only hydrogen-based boiler with ZERO greenhouse gas emissions. Our disruptive technology enables meaningful GHG emissions reduction for large users of heat and steam. With the filing of our recent patent application, we are preparing a broader marketing campaign targeting users with large thermal loads worldwide.”
Other related developments from around the markets include:
Plug Power Inc., a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has announced that David Mindnich, a 15-year leader in manufacturing who spearheaded operations for Tesla’s Gigafactory, will join the company as executive vice president of global manufacturing. In this role, Mindnich, who will report directly to CEO Andy Marsh, will lead the modernization of Plug Power’s manufacturing operations by creating process efficiencies and transforming its operations. He will be responsible for optimizing the performance of Plug Power’s global manufacturing facilities by tapping his experience with high-volume global manufacturing, process improvement and automation. Modernizing the operations will drive profitability and further the company’s reputation as a best-in-class fuel cell technology provider. Mindnich will manage 450 global employees while continuing to build out the team, anticipated to exceed 1,000 employees within two years.
Ballard Power announced that it has received a purchase order for one of its 200-kilowatt (kW) FCwaveTM fuel cell modules from Fusion-Fuel, an innovative green hydrogen solutions company headquartered in Portugal to be integrated into Fusion-Fuel’s H2Evora project in the Évora region of Portugal. The H2Evora project will use Fusion-Fuel’s new HEVO electrolyzer design to produce green hydrogen that will power the FCwaveTM module for generation of zero-emission electricity. Ballard plans to deliver the FCwaveTM module to Fusion-Fuel this year.
Bloom Energyannounced it will convert its entire global natural gas fleet to certified low-leak natural gas to prevent the release of harmful methane emissions stemming from upstream gas production. In addition, Bloom Energy and MiQ, a non-profit partnership between RMI and SYSTEMIQ, will collaborate to test and refine elements of the certified gas marketplace and educate Bloom Energy customers and other industry stakeholders on the importance of reducing the environmental impacts of natural gas production.
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 — applauds Governor Ned Lamont on the signing of Connecticut House Bill 6524, An Act Concerning the Solicitation of New Fuel Cell Electricity Generation Projects. The bill requires the Connecticut utilities to solicit proposals to acquire new fuel cell electricity generation projects that begin on or after July 1, 2021. Projects submitted under this mandate will be approved by January 1, 2022. The evaluation used in the proposal selection process will be based on both enhancing distribution energy system reliability and security, as well as support of microgrids to ensure critical resources continue to operate during power disruptions. House Bill 6524 provides preference for projects that are sited on brownfields as Connecticut demonstrates its commitment to energy equity and for fuel cells that are manufactured in Connecticut.
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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