It's been a good year for Jericho Energy Ventures Inc. Rystad Energy recently lauded the Canadian company as a likely contender for the U.S. Department of Energy's H2Hubs program. Now, with a newly secured patent in hand, its chances of a large U.S. Government windfall seem even greater.
Ron Struthers has followed Tesla since its infancy and says hydrogen fuel cells and vehicles will be the next big rage, and he sees huge growth in green energy transportation. Struthers discusses one company that he believes has lined up all the ducks in order to benefit.
Recently, Jericho Energy Ventures Inc., through its portfolio company H2U, achieved the successful demonstration of its first commercially viable proton exchange membrane (PEM) electrolyzer for hydrogen production, noted a recent report by Atrium Research.
The Department of Energy is offering US$156 million to drive industrial decarbonization, including in industrial heat applications, and US$6 billion in funding to accelerate projects decarbonizing energy-intensive industries.