$11 Trillion Hydrogen Market

U.S. Pledge to Cut Emissions in Half by 2030 Could Help Fuel Potential $11 Trillion Hydrogen Market(1)

First to Market, Jericho Energy Ventures (TSXV:JEV)(FWB:JLM0)(OTC:JROOF) Zero-Emission Hydrogen Boiler Could Transform The Roughly $30 Billion Global Commercial and Industrial Heating Industry(2)

Press Release May 3, 2021:

Jericho Energy Ventures Announces Early Exercise of Warrants for Proceeds of $4.41 Million

The world is aggressively transitioning to net-zero carbon emissions.

The U.S. just pledged to cut greenhouse gas emission by nearly half over the next 10 years.

“That’s where we’re headed as a nation, and that’s what we can do if we take action to build an economy that’s not only more prosperous but healthier, fairer and cleaner for the entire planet,” said the White House, as quoted by National Review.

Another 197 countries adopted the Paris Climate Accord to help, too.(2)

Better, four of the world’s largest economies announced net-zero carbon emission targets, along with some of the world’s biggest companies — General Motors, DuPont, JP Morgan, Dow, Union Pacific, Shell, Microsoft, JetBlue, and Walmart to name a few.(2)

In addition, about 30 global financial institutions representing roughly $5 trillion in assets formed the Net-Zero Asset Owner Alliance, aligning portfolios with the Paris Agreement. Blackrock, the largest asset manager globally, alongside other global funds holding about $18 trillion in assets, also seems to have announced capital reallocation towards sustainable and purposeful investments.(2)

These all could be powerful catalysts for hydrogen power moving forward.

Here’s Part of the Current Problem

  • The traditional water heating, steam generation, and CHP [Combined Heat & Power] market have been powered by fossil fuel for approximately 100 years and producing harmful Carbon Dioxide (CO2), nitrogen oxides (NOx), and sulfur dioxide (SO2) emissions in the process. Through worldwide government-led emission-based performance standards, these harmful emissions seem to be increasingly phased out or eliminated.(4)
  • Globally, roughly 85% of all Industrial Boilers emit harmful greenhouse gas emissions (GHG), with approximately 35% of the Industrial Boiler install base still powered by coal.(4)
  • Critically, about 37% of all fossil fuels utilized in US Industry today are burned to produce steam, with all the major industrial energy users devoting significant proportions of their fossil fuel consumption to steam production: food processing (nearly 57%), pulp, and paper (roughly 81%), chemicals (approximately 42%), petroleum refining (about 23%) and primary metals (around 10%).(4)

It’s part of the reason we appear to be starting to see a shift towards hydrogen fuel.

In fact, supported by the global shift of regulators and attitudes towards decarbonization, hydrogen already seems to be receiving unprecedented interest and capital.(5)

This is also where Jericho Energy Ventures (TSXV:JEV)(FWB:JLM0)(OTC:JROOF) could come into play – with its Dynamic Combustion Chamber (DCC) boiler solution, which claims to provide zero emissions while remaining cost-competitive with traditional hydrocarbon boiler systems.

The 10 Top Reasons to Consider Jericho Energy Ventures (TSXV:JEV)(FWB:JLM0)(OTC:JROOF)

  1. Hydrogen is one of the most abundant and simple elements on earth.(2)
  2. Hydrogen appears to be a clean-burning, zero-emission fuel for storing and releasing energy.(2)
  3. Hydrogen could have a large and growing addressable market. In fact, about 45% of energy-related greenhouse gasses could be decarbonized.(2)
    Goldman Sachs Carbonomics: The rise of Clean Hydrogen
  4. Hydrogen could make up about 18% to 24% of final global energy demand by 2050.(2)
  5. Hydrogen could be worth up to approximately $11 trillion with direct and indirect infrastructure spend.(2) Bank of America Merrill Lynch (BAML) Hydrogen Primer September 2020
  6. Hydrogen could have a total addressable market of about $2.5 trillion by 2050.(2) BAML Hydrogen Primer September 2020
  7. Goldman Sachs once referred to the hydrogen space as once in a lifetime, believing its addressable market could be approximately $12 trillion in 30 years.(6)
  8. Analysts at Bank of America claim that the industry could be worth roughly $11 trillion by 2050.(7)
  9. Jericho Energy Ventures (TSXV:JEV)(FWB:JLM0)(OTC:JROOF) claims that its patented zero-emissions Dynamic Combustion Chamber (DCC) boiler system could help decarbonize the approximately $30 billion global commercial and industrial heating industry.(8)
  10. According to market research, the C&I market for boilers may grow between about 5 to 7% per year over the next seven years, with low and zero-carbon solutions expected to outpace commercial markets for heat or hot water as an end-use.(8)

Just Who is Jericho Energy Ventures (TSXV:JEV)(FWB:JLM0)(OTC:JROOF)?

Jericho Energy Ventures is a company that envisions a transition towards affordable, accessible, and resilient clean energy, with the ability to identify and scale advantaged technologies with strategic partners.

The company wants to devote resources throughout the Hydrogen value chain focusing primarily on production and end-use markets. Its most current project includes a patented hydrogen-based Heat and Steam Boiler aiming to decarbonize an approximately $30 billion market.(8)

In fact, they recently acquired all the assets of Hydrogen Technologies Inc. (HTI). HTI appears to hold robust intellectual property for a breakthrough high-temperature Dynamic Combustion Chamber boiler that may enable zero-emissions hydrogen to generate heat, hot-water, high-temperature steam, and Combined Heat & Power through a closed-loop process.

Brian Williamson, CEO of Jericho, states, “Supported by the global shift of regulators, investors and consumers toward decarbonization, hydrogen is receiving unprecedented interest and investments.  Given Jericho’s recent acquisition of Hydrogen Technologies Inc.’s novel and patented hydrogen-based cleanH2steam DCC boiler, we are pleased to see industry reports outlining the incredible progress and macro tailwinds pushing hydrogen as a zero-carbon fuel and feedstock required to meet our global sustainability goals.  Our HTI cleanH2steam DCC boiler solution provides zero emissions, while remaining cost competitive with traditional hydrocarbon boiler systems.”(5)

How Much of a Game-Changer Could Hydrogen Power Be?

This Dynamic Combustion Chamber Could be Revolutionary

The patented DCC can be potentially used for various commercial and industrial applications and generate zero-emission electricity when combined with a turbine genset in CHP applications.

So far, the technology:(10)

  • Appears to have been awarded the Solar Impulse Efficient Solutions Label in 2019
  • Potentially requires no air permit, with water as the only by-product
  • Likely eliminates all NOx, SOx, and CO2 emissions through a closed-loop combustion process
  • Claims to produce at a roughly 30% greater efficiency than traditional fossil fuel boilers with a nearly 97% overall boiler thermal efficiency
  • Seems to be cost-competitive to traditional hydrocarbon boiler systems based on the Total Cost of Production ($ / lb steam)

A Quick Look at the Patented Technology

  • DCC Combustion can potentially produce an exothermic reaction between pure hydrogen and pure oxygen (the combustion oxidizer) by creating only local reaction heat and water (as hydrogen burns in the ultraviolet range).(9)
  • Water immediately flashes to superheated steam in this 5,080oF / 2,804oC environment, encountering the boiler tubes, effectively transferring heat to the boiler shell to potentially create cycle steam for heat and power.(9)
  • Traditional hydrocarbon fueled systems utilize the flame (burning in the infrared) and hot gasses to transfer the energy to cycle steam and then exit back to the atmosphere via a smokestack, losing valuable energy and emitting CO2, NOx, and SOx.(9)
  • This fundamental condensing characteristic of the DCC process and natural vacuum formed from steam condensation within the exchanger tubes may capture virtually all the reaction heat (accounting for potentially more than 97% efficiency)
  • Acts as a natural process barrier to hydrogen and the effects of embrittlement.
  • Requires no smokestack and thus no need for FD or ID fans, lowering parasitic load (increasing efficiency) and O&M costs.

Jericho Energy Ventures (TSXV:JEV)(FWB:JLM0)(OTC:JROOF) Hydrogen Technology is Led by a Powerhouse Team

Ed Stockton
Founder

Before founding Hydrogen Technologies Inc. (HTI) in 2005, Ed spent most of his 30-year career with Florida Power & Light (now NextEra Energy) focused on low-carbon technologies with direct power plant experience, including equipment startup, maintenance, due diligence, government relations, and regulation promulgation. He began developing the HTI technologies in 2005 and is the co-investor and patent holder for the Dynamic Combustion Chamber (DCC).

Janet Reiser
President

Ms. Reiser is an experienced policymaker, senior executive, program manager with over 35 years of experience in energy management, engineering, construction, and telecommunications, most recently running the governmental Alaska Energy Authority. She is experienced in all phases of enterprise development and operations and executive and technical management. Janet is a Chemical Engineer by education.

The 10 Top Reasons to Consider Jericho Energy Ventures (TSXV:JEV)(FWB:JLM0)(OTC:JROOF)

  1. Hydrogen is one of the most abundant and simple elements on earth.(2)
  2. Hydrogen appears to be a clean-burning, zero-emission fuel for storing and releasing energy.(2)
  3. Hydrogen could have a large and growing addressable market. In fact, about 45% of energy-related greenhouse gasses could be decarbonized.(2)
    Goldman Sachs Carbonomics: The rise of Clean Hydrogen
  4. Hydrogen could make up about 18% to 24% of final global energy demand by 2050.(2)
  5. Hydrogen could be worth up to approximately $11 trillion with direct and indirect infrastructure spend.(2) Bank of America Merrill Lynch (BAML) Hydrogen Primer September 2020
  6. Hydrogen could have a total addressable market of about $2.5 trillion by 2050.(2) BAML Hydrogen Primer September 2020
  7. Goldman Sachs once referred to the hydrogen space as once in a lifetime, believing its addressable market could be approximately $12 trillion in 30 years.(6)
  8. Analysts at Bank of America claim that the industry could be worth roughly $11 trillion by 2050.(7)
  9. Jericho Energy Ventures (TSXV:JEV)(FWB:JLM0)(OTC:JROOF) claims that its patented zero-emissions Dynamic Combustion Chamber (DCC) boiler system could help decarbonize the approximately $30 billion global commercial and industrial heating industry.(8)
  10. According to market research, the C&I market for boilers may grow between about 5 to 7% per year over the next seven years, with low and zero-carbon solutions expected to outpace commercial markets for heat or hot water as an end-use.(8)