The Plumber & Steamfitters Local 442 Union Supports Jericho Energy Ventures cleanH2steam DCC™ Boiler
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- Local California Union supports zero-emission hydrogen boilers
- The president sees hundreds and thousands of clean energy jobs for his membership
TULSA, okla. And VANCOUVER, British Columbia, March 25, 2021 (GLOBE NEWSWIRE) – Jericho Energy Ventures (TSXV: JEV; Frankfurt: JLM0; OTC: JROOF) (“Jericho” or “JEV” or the “Company”) is pleased to announce that Plumbers & Steamfitters Local 442, based in Modesto, California, is pleased to enter the next phase of commercialization with JEV’s wholly owned subsidiary, Hydrogen Technologies Inc (HTI).
Local 442 is located in the San Joaquin Valley Clean Air Area (“APCD”), one of the most advanced and strictest APCDs in California that provides a national framework for reducing greenhouse gas emissions. Local 442 understood their APCD’s stringent environmental controls and assisted HTI founder Ed Stockton in first building and testing the cleanH2steam DCCTM commercial demonstration boiler at Local 442 in Modesto, California.
The demonstration unit was supported by various groups and unions who provided both material and labor support, including the International Brotherhood of Electricians (“IBEW”). In conjunction with HTI, the demonstration unit was a successful first commercial move and continues to serve as a fundamental collaboration between clean energy providers such as HTI and the unions who install most of the units in the United States.
Bill Taylor, President of Local 442 stated, “It was a real pleasure to work with Ed Stockton and the HTI team while testing and developing the clean H2steam DCCTM boiler. To us, this seemed like the door into the future to produce clean steam and clean energy when we needed to move away from and be a part of fossil fuel emissions. When Ed approached me, it was clear that we would take his patented technology for granted and create hundreds, if not thousands, of jobs for our highly skilled and trained workforce. We look forward to a long and rewarding relationship as we move into this next phase where we will play an active role in building and installing new cleanH2steam DCCTM boiler systems. ”
National level support for clean hydrogen
On March 22, 2021, the Clean Hydrogen Future Coalition announced that it will bring its diverse group of stakeholders together under a common vision to support federal clean hydrogen policy that promotes clean hydrogen as a key path to achieving decarbonization goals while promoting clean hydrogen US competitiveness increased.
The coalition stated, “Clean hydrogen has the ability to accelerate decarbonization in all sectors of our economy, as well as convert existing and newly qualified high-wage jobs to support the clean energy transition. In addition to the wide range of market applications and the potential for significant future demand, clean hydrogen can be produced from a variety of energy sources used as substitute fuel or raw material in various industries, storing energy for long periods of time, and moving and delivering energy to wherever it is needed and make it an extremely versatile and clean source of energy. “
The coalition’s latest letter, backed by over 20 leading energy companies, trade unions, utilities, NGOs, equipment suppliers and project developers, to President Biden urged his government to catalyze the clean hydrogen industry in its “Build Back Better” plan. About Jericho Energy VenturesJericho Energy Ventures (https://jerichoenergyventures.com) is focused on driving the low-carbon energy transition through investments in hydrogen technologies, energy storage, carbon capture and new energy systems. CONTACT: Adam Rabiner, Director of IRJericho Energy [email protected] This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may include statements that are “forward-looking statements” within the meaning of the US Safe Harbor – American Private Securities may constitute the Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or the current state, but only represent Jericho’s beliefs regarding future events, plans, or goals, many of which are due their natures are inherently insecure and beyond Jericho’s control. In general, such forward-looking information or forward-looking statements may be identified by the use of forward-looking terminology such as “plans,” “expected,” “not expected,” “expected,” “budget,” “planned,” “estimates,” “projected” , “intends”, “anticipates” or “anticipates” or “believes” or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “may” or may not “is assumed,” “continues,” “will occur,” or “will be achieved.” Although Jericho believes that the assumptions and factors used in preparing the forward-looking information and statements and the expectations contained therein are reasonable No undue reliance should be placed on, and no representation or warranty can be made, any forward-looking information or any A. Statements will prove to be correct, as actual results and future events may differ materially from those anticipated in these information and statements. Forward-looking information and statements are subject to a number of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information and statements, including, but not limited to: the effects of and risks In connection with the ongoing COVID-19 pandemic, the impact of the general economic climate, industry conditions and current and future commodity prices, including persistently low oil prices, significant and persistent volatility in the stock markets, currency and interest rates, government regulation of the oil and gas industry, including environmental regulations; geological, engineering and drilling problems; unexpected operational events; Competition for and / or inability to retain oil rigs and other services; the availability of capital on acceptable terms; the need to obtain the necessary approvals from regulators; Oil and gas exploration, development and production liabilities; and the other factors described in our public records available at www.sedar.com. Readers are cautioned that this list of risk factors should not be considered exhaustive. The forward-looking information and forward-looking statements contained in this press release are as of the date of this press release, and Jericho undertakes no obligation to update any forward-looking information and / or forward-looking statements contained or referenced herein except in accordance with applicable securities laws .Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Source: Jericho Energy Ventures