- JEV and leading U.S. manufacturer Superior Boiler partner to scale production to fulfill growing demand for patented GHG-free DCC™ hydrogen boilers
TULSA, OK and HUTCHINSON, KS– Jericho Energy Ventures Inc. (“Jericho”, “JEV” or the “Company”) is pleased to announce that it has signed a Memorandum of Understanding (the “MOU”) with Hutchinson, Kansas-based Superior Boiler for the manufacturing of the breakthrough, award-winning, zero-emission DCC™ hydrogen- fueled boiler, developed by JEV’s wholly owned subsidiary, Hydrogen Technologies (“HT”).¹
Founded in 1917, ISO:9001:2015-certified Superior Boiler is a leading global manufacturer of Scotch Marine Firetube, industrial watertube and high-efficiency condensing boilers, as well as associated boiler room equipment for process steam, hot water and waste heat recovery. Superior Boiler has shipped more than 21,000 boilers throughout the U.S. and worldwide and is a leader in the facilitation of Green Energy solutions with boilers powered by alternative fuels.
Brian Williamson, CEO of JEV, commented: “Superior Boiler is among the most respected and trusted manufacturers of boilers and thermal equipment globally. They share our deep commitment to safety, quality and the environment. We are proud to have them as our U.S. manufacturing partner for our novel DCC™ system. Superior’s Kansas manufacturing hub, located in the heart of the nation, is ideally positioned for efficient delivery of the DCC™ throughout all lower 48 states and beyond.”
“Superior Boiler has always been at the forefront of technology enhancements and improvements within the boiler industry,” said Superior Boiler President and CEO Doug Wright. “We recognize the market shift toward sustainable and renewable technologies to power tomorrow’s boilers and are excited to partner with Hydrogen Technologies to provide a viable solution to the marketplace. Our boiler expertise, with an emphasis on quality, coupled with HT’s zero-emission technology, provides a winning combination.”
JEV and HT are at the forefront of providing emission-free solutions to the massive, hard-to-abate, heavy-polluting, commercial and industrial heat and steam markets. In August 2023, JEV announced its first U.S. boiler client, a major University which will deploy the DCC™ within its district heating system. HT has completed more than 30 site feasibility studies to date and anticipates additional DCC™ orders as organizations formally proceed to decarbonize their steam output.
DCC™ GHG-free hydrogen-fueled boilers offer a highly efficient and sustainable alternative to conventional fossil fuel-based boilers. DCC™ eliminates greenhouse gas emissions, providing a clean and eco-friendly source of steam for various industries and applications. Leveraging an exothermic reaction that combines pure hydrogen (H2) and pure oxygen (O2) gas, the DCC™ achieves an independently verified fuel efficiency of over 97%, with zero greenhouse gas emissions.² In December 2022, the DCC™ was awarded the Solar Impulse Foundation’s prestigious “Solar Impulse Efficient Solution” label, recognizing profitable solutions to protect the environment.
About Jericho Energy Ventures
Jericho Energy Ventures (JEV) is an energy company positioned for the current energy transitions; owning, operating and developing both traditional hydrocarbon JV assets and advancing the low-carbon energy transition, with active investments in hydrogen. Our wholly owned subsidiary, Hydrogen Technologies, delivers breakthrough, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. We also hold strategic investments and board positions in H2U Technologies (a breakthrough electrocatalyst and low-cost electrolyzer platform) and Supercritical Solutions (developing the world’s first, high pressure, ultra-efficient electrolyzer). Jericho also owns and operates long-held producing oil and gas JV assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production into the current elevated commodity price environment.
Website: https://jerichoenergyventures.com/
Twitter: https://twitter.com/JerichoEV
LinkedIn: https://www.linkedin.com/company/jericho-energy-ventures
YouTube: https://www.youtube.com/c/JerichoEnergyVentures
JEV Contact:
Adam Rabiner, Dir. of Investor Relations
Jericho Energy Ventures Inc.
Tel. 604.343.4534
[email protected]
About Superior Holding, Inc.
Superior Holding is the parent company of Hutchinson, Kansas-based Superior Boiler Technologies, Inc. and Superior Boiler, LLC. ISO:9001:2015-certified Superior Boiler provides engineered energy solutions and is a leader in clean air emissions technology. The company manufactures industrial watertube and flextube boilers, scotch marine and vertical firetube boilers for process steam, hot water and waste heat recovery and high-efficiency hot water condensing boilers. In addition to boilers, Superior Boiler manufactures a full complement of boiler room equipment items and parts and provides 24-hour service. In business since 1917, the company has shipped more than 21,000 boilers throughout the United States and worldwide, and its commitment to unparalleled quality has produced the most dependable boilers available. Superior Boiler employs over 165 people at its Hutchinson locations. For more information, visit www.superiorboiler.com.
¹ The JEV-Superior Boiler MOU is dated October 18, 2023
² Process Engineering Associates, LLC, “DCC™ Efficiency Test Report,” by Chris Muntean, August 2022
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho’s control. Forward-looking statements are frequently characterized by words such as ”plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will” or “may not” occur. Specifically, this news release contains forward-looking statements relating to, among others, future demand for DCC™ boilers and the successful implementation of the MOU with Superior Boiler.
SOURCE: Jericho Energy Ventures Inc.
Read the most up to date Fuel Cell and Hydrogen Industry news at FuelCellsWorks
