HALO Hydrogen in Collaboration with Jericho Emerges as Contender for Government Funding

Amid the global quest for sustainable energy solutions, the HALO Hydrogen Hub, in collaboration with Jericho Energy Ventures Inc., is emerging as a strong contender for government funding under the U.S. Department of Energy’s Regional Clean Hydrogen Hubs program.

With the promise of revolutionizing energy production and reducing emissions, the HALO Hydrogen Hub is positioned as a pivotal player in the green energy landscape.

Independent Norwegian research firm Rystad Energy has cast its prediction: the HALO Hydrogen Hub is a prime contender among the top ten hydrogen hubs vying for government funding. The U.S. Department of Energy’s Regional Clean Hydrogen Hubs program, designed to establish regional clean hydrogen hubs across the country, is set to unveil the chosen projects this fall. The HALO Hydrogen Hub’s inclusion offers a beacon of hope for the green hydrogen revolution.

The HALO Hydrogen Hub, positioned second on Rystad’s list, extends its influence across Oklahoma, Arkansas, and Louisiana. A consortium of visionary partners, including Air Products, Baker Hughes, Cherokee Nation, GE, NextEra, and Woodside, solidifies the hub’s commitment to clean hydrogen production. With strong momentum, HALO represents one of the 22 projects that have submitted applications to the H2Hubs program, underscoring its potential to shape the energy landscape.

Marina Domingues, senior analyst at Rystad’s Clean Tech team, emphasizes that hydrogen hubs offer an enticing opportunity for financial institutions to invest in clean hydrogen projects, thereby reducing technical risk. By showcasing the government’s commitment to hydrogen production and aligning with existing demand, these hubs foster investment and make hydrogen projects more financially viable.

Jericho Energy Ventures is driving innovation with its subsidiary, Hydrogen Technologies, through the development of the DCC™ boiler. This groundbreaking technology utilizes hydrogen and oxygen combustion to produce high-temperature water and steam, leaving behind only water as a byproduct. Designed to replace conventional coal, natural gas, diesel, and fuel oil boilers, the DCC™ boiler aligns with the urgent need for carbon-neutral alternatives.

The International Energy Agency emphasizes the pivotal role of hydrogen technology in achieving net-zero emissions by 2050. The shift to hydrogen-based energy sources is imperative to create demand for low-emission hydrogen and accelerate production and infrastructure deployment. The potential for near-zero greenhouse gas emissions positions hydrogen as a game-changer, offering a promising future for both stationary and transportation energy sectors.

Hydrogen’s exceptional versatility is underscored by its ability to be produced from various energy sources and technologies, catering to diverse forms of distribution. The Hydrogen Council’s report highlights its potential to be synthesized into various forms and transported through a range of channels, including pipelines, ships, trains, and trucks. This adaptability positions hydrogen as a cornerstone of the global energy transition.

As Jericho Energy Ventures pivots from oil and gas toward green energy, its strategic initiatives position it as a leader in the green hydrogen sector. Collaborations with global partners and the sale of the DCC™ boiler system affirm its role as a first mover in the transition to sustainable energy. The forthcoming HSP3000, a hydrogen steam plant, promises revolutionary emissions reduction across industries, cementing Jericho’s status as an industry pioneer.