Jericho Energy Ventures Unveils Innovative Modular Data Center Initiative, Transforming Natural Gas Assets into AI Powerhouses

Jericho Energy Ventures Unveils Innovative Modular Data Center Initiative, Transforming Natural Gas Assets into AI Powerhouses

TULSA, OK AND VANCOUVER, BC / ACCESS Newswire / March 31, 2025 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC:JROOF)(FRA:JLM) (“Jericho”, “JEV” or the “Company”) is pleased to announce the launch of its innovative Modular Data Center venture, utilizing natural gas assets and infrastructure as the foundation for the development of advanced, technology-driven AI computing solutions for the AI era.

JEV’s management believes the Company is ideally positioned to capitalize on the Trump administration’s pro-energy and pro-development regulatory landscape by leveraging its strategic partnerships, robust infrastructure, prime acreage in Oklahoma’s storied energy corridor, and abundant availability of cost-effective natural gas to power data centers.

Jericho’s Modular Data Center business will be overseen from its Tulsa, Oklahoma regional office, where the Company’s oil and gas joint venture currently owns and operates approximately 40,000 acres of productive land.

By converting its natural gas into long-term reliable on-site power, JEV intends to offer secure, modular, latest and next-generation computing infrastructure tailored for AI applications – enhancing efficiency, reducing waste, and strengthening energy resilience.

In conjunction with this initiative, Jericho will renew its focus on maximizing and developing its traditional energy assets to drive significant production growth.

Brian Williamson, CEO of Jericho, stated:

We are taking a page from the playbook of our industry leaders, utilizing our natural gas and infrastructure as a means to fuel modular AI computing solutions. We believe this unlocks a transformative growth opportunity.

“By aligning our energy resources with the booming demand for modular AI computing infrastructure, we aim to boost revenue and elevate shareholder value through an innovative, sustainable approach. In addition to utilizing natural gas assets to power our modular AI centers, we will work with our local utilities and cooperatives to provide redundant cost-effective power solutions to ensure high availability. We also see the pathway where we can leverage our energy transition assets, offering customers a lower-carbon hydrogen fuel solution for their AI compute.”

A McKinsey & Company report from October 24, 2024, stated that demand for AI-ready data centers offers many opportunities for companies and investors across the value chain, and projects that global data center demand could grow 19-22% annually from 2023 to 2030, reaching 171-219 gigawatts (GW). In a less likely scenario, demand could surge 27% to 298 GW-far exceeding today’s 60 GW. To prevent a supply shortfall, double the capacity built since 2000 would need to be constructed in under a quarter of the time.

Global investment in U.S. data centers is surging. On January 7, 2025, Dubai-based DAMAC Properties announced plans to invest an initial $20 billion into data centers tailored for AI and cloud computing, with the first phase of the project planned to take place in Oklahoma, Texas, Louisiana, Ohio, Illinois, and Indiana.

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