JERICHO ENERGY VENTURES INC. Jericho Energy Ventures Inc. announced that the U.S. Department of Energy (DOE) has encouraged the HALO Hydrogen Hub (HALO Hub) to submit a full application for the Regional Clean Hydrogen Hubs Program. After completing independent evaluations of 79 first round concept papers, the DOE has invited 33 applicants -- including the HALO Hub -- to submit final applications. JEV is a proud participant in the HALO Hydrogen Hub, a three-state partnership between Arkansas, Louisiana, and Oklahoma, which will submit an application to receive up to USD 1.25 billion in DOE funding to spur hydrogen development and end-use.
DOE's encouragement for HALO's full application was issued by the three partner state Governors. As announced on Dec. 15, 2022, JEV's HALO Hub submission included the utilization of its novel zero-emission DCCTM hydrogen fueled boiler in partnership with one of the largest food companies in the U.S., illustrating the potential and breadth of markets for its DCCTM and the role the Company expects it to play in decarbonizing the commercial and industrial heat and steam markets nationwide.
The HALO Hub encompasses a diverse network of stakeholders engaged in the promotion of hydrogen production, transport, storage, and utilization. The DOE's Regional Clean Hydrogen Hubs programor H2Hubsincludes up to USD 7 billion in funding to assist with the establishment of six to 10 regional clean hydrogen hubs across America.
