Jericho Energy Ventures and Global Alcoholic Beverage Giant Unite for Pivotal Four-Country Study on the Utilization of Breakthrough DCC(TM) Zero-Emission Hydrogen Boilers to Decarbonize Production Facilities

TULSA, OK and VANCOUVER, BC / ACCESSWIRE / July 27, 2023 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") is pleased to announce a collaboration with a leading global alcoholic beverage company to conduct a decarbonization study on the implementation of its DCC™ boilers across the beverage company's production facilities in four different countries.

Jericho's wholly owned subsidiary, Hydrogen Technologies ("HT"), is spearheading the project, leveraging its expertise as the developer of the patented, zero-emission DCC™ hydrogen-fueled boilers. This initiative aligns with the beverage company's commitment to decarbonization and its pursuit of sustainable production practices.

Dean Moretton, Chief Commercial Officer of HT, stated: "We are honored to have been retained by one of the world's largest alcoholic beverage companies for this multi-nation decarbonization study of their facilities. Our innovative DCC™ steam boiler solution, fueled by hydrogen and emitting zero-emissions, has the power to help the beverage industry transition towards Net Zero production and this study has the potential to result in multiple DCC™ deployments across several countries."

The global focus on decarbonization has never been stronger, and the beverage industry is no exception to this trend. The Beverage Industry Environmental Roundtable's Facility Decarbonization Playbook highlights the importance of "Elimination - avoiding emissions by changing processes or technology or switching power or fuel source."

HT's DCC™ hydrogen-fueled boilers are a game-changer in the energy landscape, providing a highly efficient and sustainable alternative to traditional fossil fuel-based boilers. DCC™ boilers eliminate greenhouse gas (GHG) emissions, offering a clean and eco-friendly source of steam for industry. By combining pure hydrogen (H2) and pure oxygen (O2) gas in an exothermic reaction, the DCC™ boasts an independently verified GHG-free fuel efficiency of over 97%.¹ 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.