Green Hydrogen: An Industrial Energy Game Changer


Jericho Energy Ventures Inc. | Listed on: TSXV:JEV.VN

Jericho Energy Ventures’ disruptive technologies are arriving just in time to take advantage of huge worldwide investment in hydrogen as a source of sustainable energy. This analyst-backed company is helping decarbonize the industrial and commercial sectors, which have limited options, giving JEV stock tremendous growth potential.

Jericho Energy Ventures recently received a positive analyst rating from Atrium Research, with the initial price target of CA$0.40 recently upgraded to CA$0.50 due to strong sales performance and growth. Atrium describes Jericho as “The Best of Both Worlds: Clean Hydrogen and O&G”. This report recognizes the disruptive potential of Jericho’s zero-emission hydrogen steam boiler system which is currently the focus of multiple engineering studies and will be the means by which a large public University will lower its district heating emissions.

Analyst: Atrium Research

Report Date: August 3rd, 2023 | View The Full Report

Target Price:
$0.50 (CA) / share
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Current price
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About Jericho Energy Ventures

Jericho Energy Ventures (TSX.V: JEV) (OTC: JROOF) is THE green transition opportunity. It’s developing the next generation of clean hydrogen solutions for the massive industrial and commercial markets. Governments around the world are spending billions in hydrogen grants and incentives, meaning there has never been a better time to get behind this rapidly growing industry!

Primarily, Jericho’s focus is its zero-emission boiler technology developed by its wholly owned subsidiary Hydrogen Technologies. Additionally, Jericho is invested in two exciting electrolyser projects aiming to cut the cost of producing green hydrogen.

Here's the deal: Major industries such as steel, cement, pulp and paper, food and beverages, and petrochemicals can't easily reduce their carbon emissions. The industrial processes they use emit massive quantities of carbon and there are few cheap ways to change that.

Plus, they are responsible for around 30% of all greenhouse gas emissions. In fact, 35% of the industrial and commercial steam industry is still using coal-powered boilers. That’s right, COAL

But thanks to Jericho’s unique product offering, the industrial and commercial markets now have a rare opportunity to decarbonize.

Ultimately, Jericho is an analyst-backed company at the heart of a pivotal shift in industrial energy usage. What’s more, it is already forging strong partnerships with world-leading businesses.

Why Invest in Jericho Energy Ventures?

  • Green Transition

    More than 70 countries and hundreds of businesses have set net-zero goals, creating a huge market opportunity for companies like Jericho that can provide them with green energy solutions.

  • Hydrogen Exposure

    There are huge drivers behind the growth of the industry, including a US government-funded project to create 6-10 clean hydrogen hubs with $1bn of investment in each project.

  • A Major Disruptor

    Jericho’s wholly-owned hydrogen boiler is a patented zero-emission solution for the steam boiler industry, which was valued at over $17bn in 2022.

  • Solid Foundations

    Jericho’s unique business plan sees cash flow from its oil and gas operations, which has reached record levels this year, funding exciting green technology. Shareholders are therefore protected against share price dilution, unlike investors in many small-cap rivals.

  • Powered By Experts

    Jericho’s leadership team is made up of experienced experts, while major shareholders include huge players from successful businesses like DuPont and Take-Two Interactive.

  • Analyst Approved

    Analyst coverage has initiated Jericho stock with a BUY rating, expressing major confidence in the company’s ability to grow sales over the next two years.

A Surge of Positive News Highlights Jericho's Untapped Market Potential

Hydrogen H2 innovation zero emissions.

A series of heartening announcements underscore Jericho's distinctive product offering and potential. These highlight the decarbonization opportunity Jericho presents to the industrial and commercial markets.

A leading U.S. University selected Jericho’s DCC™ hydrogen boiler technology for deployment to decarbonize its district heating system, placing JEV at the forefront of decarbonizing the $198bn global district heating market.

Jericho also shared the exciting news that it is working with one of the world's largest alcoholic beverage companies. The drinks giant will conduct a decarbonization study on the implementation of Jericho’s DCC™ boilers across its production facilities in four different countries. 

The US Department of Energy (DoE) is preparing to channel over $7bn into the hydrogen energy sector, with JEV emerging as a potential beneficiary. Jericho's proposal for funding features its zero-emission DCC™, in collaboration with a major U.S. food company.

In July 2023, the company announced a three-way EU partnership with Sofinter Group and Exogen, with the trio collaborating on a one-of-a-kind green technology that will allow commercial and industrial customers to eliminate a major portion of their harmful greenhouse gas emissions.

For instance, Exogen will supply green hydrogen company Lhyfe (EPA: LHYFE) with a pioneering Hydrogen Steam Plant (the HSP3000) that features Jericho’s patented DCC™ zero-emission boiler technology.

Furthermore, JEV significantly bolstered its flagship hydrogen technology with the award of a new patent from the US Patent and Trademark Office (US PTO). The move increases the protection of the company’s DCC™ hydrogen-fueled steam boiler as it begins to receive initial commercial orders for the technology. 

With each strategic move and partnership, Jericho solidifies its position as a trailblazer in hydrogen technology.

Hydrogen H2 innovation zero emissions.

Big Name Backing


Every shareholder wants to know that their investment is in good hands, so it’s reassuring to know that Jericho is led by an accomplished team of industry veterans.

Moreover, the investment community has not ignored Jericho's unique focus, massive addressable market, and solid base. The company's top ten shareholders hold around 70% of its outstanding shares.

These top investors include McKenna & Associates and prominent Oklahoma energy investors the Graves family. Other big names include established leaders from chemicals giant DuPont (NYSE: DD), and videogame powerhouse Take-Two Interactive (NASDAQ: TTWO), showing that Jericho’s offering is attractive to some of the biggest investors in American business.

While its backing from big names and influential investors is a major asset, they’re not the only important force pushing Jericho onward. That’s because the company has earned a BUY rating from analysts at Atrium Research, a rare accolade for a micro-cap stock.

The target price of CA$0.50 ascribed by Atrium, upgraded from an initial target of $0.40, represents a 61% return to target. This is 92% above the current price at the time of writing (9th August 2023), indicating a real growth opportunity for investors here.


An Industry Game Changer


Jericho’s ground-breaking products address real problems, offering emissions-intensive industries a unique chance to decarbonize. Additionally, they significantly reduce the cost of green hydrogen production, making it more readily available.

Each DCC™ boiler is anticipated to eliminate the equivalent CO2 emissions of approximately 5,000 cars with unprecedented potential to scale. This makes Jericho’s boiler tech hugely appealing to companies looking for a simple way to reduce emissions. 

But, there’s another key factor to motivate customers to switch to Jericho’s unique solution.

Commercial and industrial boilers have a lifespan of as much as 30 years. Just think about a company needing to replace boilers in 2023. You might think that it’s only a sense of environmental responsibility that would steer them toward a clean solution like a hydrogen boiler. But, because they are having to think decades into the future, future costs are sending companies in that direction too.

Faced with the possibility of buying a traditional carbon-emitting boiler with a 30-year lifespan, smart companies understand that they need to stay ahead of the game, or they will end up paying for it later. Sticking with an archaic, heavily polluting option will simply guarantee years of costs and pollution. The best business decision is to seek a green solution.

That’s why Jericho’s focus on the commercial and industrial market is such a strong move. It might be a small-cap stock right now, but this enormous opportunity gives Jericho great potential for growth. 


Massive backing from governments across the globe means the hydrogen energy space is projected to enjoy enormous growth in the coming years. It looks like the perfect time to invest in hydrogen.

Maybe that’s why Atrium Research has already given Jericho a BUY rating despite its current small size. That’s why we think this is an opportunity that investors won’t want to miss.

Access Exclusive Report

Jericho Energy Ventures presents an exciting investment opportunity embracing the energy transition from both sides. Access our exclusive report which outlines Jericho’s unique value proposition in more detail.



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