Latest news with #JerichoEnergyVentures
Yahoo
07-07-2025
- Business
- Yahoo
Jericho Energy Ventures and M2 Development Solutions, LLC Form Strategic Partnership to Accelerate U.S. AI Data Center Expansion
TULSA, OK / / July 7, 2025 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") is pleased to announce it has signed a Memorandum of Understanding (MOU), dated July 6, 2025, with M2 Development Solutions ("M2") to form a strategic partnership. This collaboration will integrate M2's large, gigawatt-scale sites into Jericho's growing AI data center portfolio. This partnership significantly expands Jericho's U.S. footprint beyond its Oklahoma asset base, incorporating M2's high-capacity sites in Ohio and Nevada. The initial sites include: Ohio - 400 Acres with access to Utility Power and on-site Natural Gas feed Power generation assets Nevada - 3,700 Acres with access to Utility Power, on-site Geothermal power, on-site solar power, and on-site Natural Gas feed Power generation assets Together, JEV and M2 are well-positioned to meet the rapidly increasing demand for scalable, high-performance infrastructure optimized for advanced artificial intelligence (AI) workloads across the United States. "Our partnership with M2 is a transformative step in executing our AI data center strategy," said Brian Williamson, CEO of Jericho Energy Ventures. "Integrating M2's gigawatt-scale sites accelerates our ability to deliver scalable, energy-efficient infrastructure for modern AI workloads. With the proven leadership of COL (Ret.) Mark Schonberg and Mark Vogel, we are poised to meet the surging AI compute demand across key U.S. markets." About M2 Development Solutions, LLC M2 is co-led by Col. (Ret.) Mark Schonberg and Mark Vogel, bringing extensive expertise to the partnership: Col. (Ret.) Mark Schonberg is a 30-year U.S. Army veteran and a seasoned infrastructure leader. His deep expertise spans IT services, cybersecurity, and data center development. Throughout his military career, he held senior positions including Cyber Capabilities Development and Integration Director for the U.S. Army and CIO/G6 at Army Cyber Command. He also played a key role in the IT and C4I build-out for the $16 billion Yongsan Relocation Program in South Korea. Since retiring in 2020, Col. Schonberg has continued to lead in the private sector, focusing on data center infrastructure, renewable energy, and smart city solutions. Mark Vogel is a seasoned real estate development leader with over 40 years of experience delivering transformative commercial, residential, and mixed-use projects, including the $400M Bowie Town Center (375-acre mixed-use, MD) and high-rise student housing near the University of Maryland in College Park. Known for his strategic vision and collaborative approach, he now leads cutting-edge data center developments to meet surging demand for high-performance digital infrastructure across the U.S. Drawing on deep expertise in land planning, community engagement, and infrastructure delivery, Mark drives sustainable, high-impact projects that reshape communities and power the digital economy. His philanthropic work includes founding the "Give a Dam" campaign in Burkina Faso through Africare, two years in the Peace Corps in Liberia, and leading the Greater Oxon Hill CDC to advance housing, health, and economic opportunity in communities in Maryland. He also spent over a decade fundraising for Mission of Love Charities, supporting food security, housing, mental health, and workforce development for vulnerable populations. About Jericho Energy Ventures Jericho Energy Ventures (JEV) is uniquely positioned at the nexus of energy and AI infrastructure. Leveraging our long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, we are deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI Data Centers. With direct access to abundant, low-cost natural gas, we deliver efficient, high-performance energy solutions -- reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets. JEV is also driving the clean hydrogen energy transition through its portfolio of hydrogen solutions including Hydrogen Technologies, ETNA Solutions and California Catalysts. At JEV, our mission is clear: to innovate relentlessly, optimize energy resources, and power tomorrow's breakthroughs, one bold step at a time. Website: CONTACT: Adam Rabiner, Investor Relations Jericho Energy Ventures Inc. Tel. 604.343.4534Email: investorrelations@ 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, including, but not limited to, statements regarding the successful implementation of the JEV-M2 MOU and the planned rollout of JEV's AI Data Centers initiative. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include, but are not limited to: regulatory changes; changes to the definition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other infectious diseases; general economic conditions; industry conditions; current and future commodity prices and price volatility; significant and ongoing stock market volatility; currency and interest rate fluctuation; governmental regulation of the energy industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities and risks inherent in oil and gas exploration, development and production operations; liabilities and risks inherent in early stage hydrogen technology projects and new energy systems; changes in government environmental objectives or plans; and the other factors described in Jericho's public filings available at The forward-looking statements contained herein are based on certain key expectations and assumptions of Jericho concerning anticipated financial performance, business prospects, strategies, regulatory regimes, the sufficiency of budgeted capital expenditures in carrying out planned activities, the ability to obtain financing on acceptable terms, expansion of consumer adoption of the Company's (or its subsidiaries') technologies and products, all of which are subject to change based on market conditions, potential timing delays and other risk factors. Although Jericho believes that these assumptions and the expectations are reasonable based on information currently available to management, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on forward-looking statements. Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking statements that are contained or referenced herein, except as required by 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 release. SOURCE: Jericho Energy Ventures Inc. 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The Market Online
02-05-2025
- Business
- The Market Online
Jericho Energy Ventures fast-tracks AI data centre along U.S. ‘superhighway'
Jericho Energy Ventures (TSXV:JEV) is leveraging its choice positioning along a major U.S. fibre 'superhighway' route to accelerate the development of its AI modular data centre project in Oklahoma This initiative is out to capitalize on the company's fibre-connected energy infrastructure and access to low-cost natural gas, providing high-performance, scalable solutions to meet the growing demands of the AI and energy sectors AI data centres will account for half of the U.S. electricity demand growth by 2030 Jericho Energy Ventures stock (TSXV:JEV) opened trading at $0.19 Jericho Energy Ventures (TSXV:JEV) is leveraging its choice positioning along a major U.S. fibre 'superhighway' route to accelerate the development of its AI modular data centre project in Oklahoma. This initiative is out to capitalize on the company's fibre-connected energy infrastructure and access to low-cost natural gas, providing high-performance, scalable solutions to meet the growing demands of the AI and energy sectors. Jericho's management highlights the advantages of its strategically located infrastructure, which is designed to offer reliable and cost-effective AI compute power. The company's modular data centre design enables rapid deployment and expansion, catering to the flexibility and performance required by next-generation AI workloads. 'Locating our modular data centres directly on the fiber backbone gives us a speed and efficiency advantage, while our abundant energy resources allow us to offer reliable, cost-effective AI compute power,' Jericho's CEO, Brian Williamson commented in a media statement. 'Our modular data centre design enables rapid deployment and expansion, providing the flexibility and performance demanded by next-generation AI workloads.' A report from the International Energy Agency (IEA) released earlier this month projects that AI data centres will account for half of the U.S. electricity demand growth by 2030. This surge in demand is expected to surpass the combined electricity consumption of aluminum, steel, cement, chemicals, and other energy-intensive industries. The report points to the transformative impact of AI on the energy sector, driving significant increases in electricity consumption. Jericho recently partnered with AT&T (NYSE:T) to deploy a minimum of 10Gbps of fibre optic connectivity at its initial modular high performance AI data centre site. This installation leverages advanced data transfer protocols and is engineered to scale beyond 100Gbps to meet future demand. By harnessing its long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, the company is deploying scalable, on-site power solutions to build these modular AI data centres. This approach can not only maximize output but also reduce waste, unlocking long-term value in the rapidly converging AI and energy markets. Positioned at the nexus of energy and AI infrastructure, Jericho Energy Ventures Inc. is engaged in owning, operating and developing both traditional hydrocarbon joint venture assets and advancing the low-carbon energy transition, with active investments in hydrogen. Jericho Energy Ventures stock (TSXV:JEV) opened trading at $0.19 and has risen 11.43 per cent since this time last year. Join the discussion: Find out what everybody's saying about this stock on the Jericho Energy Ventures Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
