Published by Todd Bush on October 17, 2023
CONCORD, Calif., Oct. 16, 2023 /PRNewswire/ -- H Cycle, LLC, a green hydrogen producer, applauds President Joe Biden's announcement of as much as $7 billion in federal funding for hydrogen hub projects across the country, to stimulate production of clean fuel in the US. As part of his announcement, ARCHES, a California-based public-private partnership backed by Governor Gavin Newsom, was among the hub award recipients and may receive up to $1.2 billion in DOE funding.
As one of the key hydrogen production projects within the California hydrogen hub, H Cycle's project in Pittsburg could receive up to $30 million in DOE funding through ARCHES. H Cycle's Pittsburg project has already been awarded up to $10 million of sales and use tax exclusion in a competitive process completed in July 2023 by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA).
"We are excited about our partnership with the ARCHES Hub and DOE, which will allow us to deliver cost-competitive green hydrogen and help our customers to displace fossil fuels, including diesel fuel and natural gas-based hydrogen production. H Cycle looks forward to working with partners and stakeholders to support California's clean hydrogen economy and green energy goals" – Rob Morgan, CEO of H Cycle.
Since launch, H Cycle has been a leader in developing green hydrogen production facilities that use post-recycling, organic waste materials destined for landfills. Helping to tackle the twin climate goals of transitioning from fossil fuels and innovative organic waste management, H Cycle is a critical partner in reaching California's ambitious environmental policy goals.
"H Cycle is positioned to play a crucial role in the advancement of a green hydrogen market in California. We appreciate the leadership of Governor Newsom and CEO of ARCHES Angelina Galiteva, for leading this effort" – Quentin Foster, VP of Policy & Government Affairs of H Cycle.
H Cycle produces renewable, low-carbon hydrogen using an innovative waste processing system and thermal conversion, redirecting municipal and organic waste away from the landfill. The company's principles include: 1) recycle what is recyclable; 2) divert local, unrecyclable waste away from landfills – avoiding harmful methane production; 3) extract renewable hydrogen to de-carbonize local and regional transportation, reducing local air emissions. The Company has multiple projects in development in the western US. H Cycle's corporate investors include Azimuth Capital Management, ENEOS and the Larsen-Lam Climate Change Initiative.
For more information, visit www.hcycle.com
SOURCE H Cycle, LLC
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛢️ Texas Emerges as Blue Ammonia Capital in $5B Investment Wave 🤝 Technip Energies and Shell Catalysts & Technologies Have Signed a Global Alliance Agreement for Carbon Captu...
Inside This Issue 💰 Industrial Giants Are Sitting on a $200 Billion Energy Goldmine 🗺️ New Reports Map BC’s Hydrogen Potential for Clean Energy Growth 🍁 Federal Government Spending Nearly $16M on ...
Inside This Issue 🛫 XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028 ⚓ Backgrounder: Government of Ca...
Technip Energies (PARIS:TE) and Shell Catalysts & Technologies have signed their global alliance agreement to work exclusively together to deliver a post-combustion amine-based carbon capture s...
National Carbon Capture Center Launches Novel UNOGAS MK3 Solvent Testing
A significant step forward in carbon capture is underway at the National Carbon Capture Center (NCCC), where KC8 Capture Technologies’ (KC8) advanced UNOGAS system – featuring the innovative UNO MK...
SYSADVANCE North America Secures 2 Additional Contracts for Landfill Gas Upgrading Systems
SYSADVANCE North America has been selected to supply landfill gas upgrading solutions for projects in Lincoln, Nebraska, and Waco, Texas. The METHAGEN LF 3000F and METHAGEN LF 1800F systems were se...
ST. CLOUD, Minn., July 17, 2025 (GLOBE NEWSWIRE) -- NFI Group Inc. (TSX: NFI, OTC: NFYEF, TSX: NFI.DB), a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of Ame...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.