ABOUT
New Energy Ventures understands the importance of focusing on sustainable energy along with diversified energy portfolios, job creation, energy security, and pollution reduction to meet the pressing challenges of climate change.
New Energy Ventures’ mission is to partner with talented entrepreneurial management teams to develop and commercialize new technologies for a sustainable and energy efficient low carbon future. We have a core area of interest, which lies in power generation, natural hydrogen and helium exploration, carbon capture, hydrogen production, and oil field clean-tech applications. New Energy Ventures aims to collaborate with early-stage ventures and emerging growth companies with technologies, intellectual property and/or innovative business models operating in our core area of interest.
Carbon capture or removing greenhouse gases (GHGs) from the atmosphere using technology to capture and store carbon dioxide, is one of many new sectors currently being developed to help meet global carbon emissions reduction targets. Also, hydrogen production is emerging as a key component of the global energy transition to zero-carbon energy sources and provides numerous opportunities for attractive financial returns. Hydrogen is gaining unprecedented economic and political momentum globally as an alternative net-zero energy vector and a complement to the ‘electrify everything’ movement. By diversifying into other low-carbon fuels like hydrogen, nations can avoid crashing their electric grids and in turn provide greater energy security.
Bank of America forecasts that the hydrogen industry is at a tipping point and headed to $11 trillion, with hydrogen production projected to see a 5000% increase by 2026. Global demand for clean and green energy continues to increase rapidly,coupled with the need to optimize production, and minimize greenhouse gas emissions.
Energy companies will increasingly need to embrace the concept of clean tech by focusing on both the tools and processes to solve such challenges. The field of natural (or native) hydrogen exploration has recently emerged on the international stage as a potentially viable alternative production method with costs projected to be significantly lower than steam methane reforming (“grey hydrogen”) and electrolysis using renewable energy (“green hydrogen”).Helium is the second-most abundant element on Earth but finding helium is incredibly challenging.
Almost every known helium reserve was discovered by accident, and the helium produced was merely a byproduct of natural gas exploration and production. The United States has been the largest producer of helium since 1925, but production has slowed causing a shortage and driving up the cost of helium significantly. Recent prices for bulk helium reached $280/mcf and the current global market for bulk helium is estimated at USD $2.7 billion.
Helium’s unique physical and chemical characteristic makes it a high value, non-renewable commodity with numerous applications in critical fields of industry and technology.NEV plans to explore for new helium reserves utilizing its drone technology to assist in the effort to mitigate the global shortage.
Our core area of interest also includes geothermal energy, which is an underdeveloped energy resource and warrants further investigation and exploration. There are many benefits to geothermal energy, including predictability, longevity, low emissions, and industrial decarbonization to name a few.
New Energy Ventures is committed to protecting our global natural resources, reducing our carbon footprint, and exceeding the current regulatory targets. Our commitment to environmental stewardship is more than a corporate core value to our business, environmental excellence is the foundation for who we are.