Jericho Energy Ventures’ Portfolio Company Receives California Grant for Climate Innovation
PHILADELPHIA, PA and VANCOUVER, BC / ACCESSWIRE / December 31, 2024
Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM) (“Jericho”, “JEV” or the “Company”) is thrilled to announce that one of its portfolio companies, in collaboration with Capella Partners, has been granted funding from the Climate Innovation Proof of Concept Grant program at the California NanoSystems Institute (CNSI) laboratory, which is affiliated with the University of California, Santa Barbara. This recent achievement marks the second time in the latter half of 2024 that Jericho’s hydrogen-focused portfolio companies have been recognized and supported by California-based grants.
This substantial accomplishment highlights Jericho’s commitment to fostering innovation in the clean energy sector, particularly in the development and utilization of hydrogen technologies. The Company’s strategic partnership with Capella Partners has proven to be fruitful, as evidenced by this latest recognition from the CNSI laboratory in California.
With the global push towards reducing carbon emissions and combatting climate change, the importance of supporting and investing in clean energy solutions cannot be overstated. Jericho Energy Ventures is at the forefront of driving positive change in the industry, and this grant is a testament to the Company’s dedication to advancing climate innovation.
How This Will Affect Me
As a consumer and individual concerned about the environment, the success of Jericho Energy Ventures’ portfolio company in securing this California grant signifies progress towards a cleaner and more sustainable future. The development of innovative hydrogen technologies supported by such grants can potentially lead to the creation of more environmentally friendly energy solutions that may impact energy sources available to consumers in the future.
How This Will Affect the World
On a global scale, the recognition and funding received by Jericho Energy Ventures’ portfolio company for climate innovation in the form of a California grant holds significant implications. It demonstrates the increasing importance placed on clean energy initiatives and the role that hydrogen technologies can play in reducing greenhouse gas emissions worldwide. This development could pave the way for greater adoption of renewable energy sources and contribute to international efforts aimed at combating climate change.
Conclusion
Jericho Energy Ventures’ success in securing a California grant for one of its portfolio companies is a major milestone in the Company’s ongoing efforts to drive climate innovation and promote sustainable energy solutions. This achievement not only benefits the Company and its partners but also has the potential to bring about positive changes that impact individuals, communities, and the environment on a global scale.
