(PRNewswire)—H Cycle, LLC, a green H₂ producer, applauds President Joe Biden's announcement of as much as $7 B in federal funding for H₂ hub projects across the country, to stimulate production of clean fuel in the U.S. 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 B in U.S. Department of Energy (DOE) funding.

As one of the key H₂ production projects within the California H₂ hub, H Cycle's project in Pittsburg could receive up to $30 MM in DOE funding through ARCHES. H Cycle's Pittsburg project has already been awarded up to $10 MM 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 H₂ and help our customers to displace fossil fuels, including diesel fuel and natural gas-based H₂ production. H Cycle looks forward to working with partners and stakeholders to support California's clean H₂ economy and green energy goals," said Rob Morgan, CEO of H Cycle.

Since launch, H Cycle has been a leader in developing green H₂ 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 H₂ market in California. We appreciate the leadership of Governor Newsom and CEO of ARCHES Angelina Galiteva, for leading this effort," said Quentin Foster, VP of Policy & Government Affairs of H Cycle.