H Cycle, LLC, a Concord, CA-based startup which plans to produce renewable, low-carbon hydrogen, raised a Series A funding of undisclosed amount.
The round was led by Azimuth Capital Management’s new Azimuth V Energy Evolution Fund and ENEOS Innovation Partners LLC.
Azimuth launched H Cycle in mid-2021, with additional backing from the Larsen Lam Foundation, to meet demand for low-carbon fuels while at the same time re-purposing significant amounts of organic waste materials otherwise destined for landfills.
Led by Rob Morgan, CEO, H Cycle will produce renewable, low-carbon hydrogen using an innovative waste processing system and thermal conversion, redirecting municipal and organic waste away from landfills. The company’s principles include: 1) recycle what is recyclable; 2) divert local, unrecyclable waste away from landfills – avoiding harmful methane production; and 3) extract renewable hydrogen to de-carbonize local and regional transportation, thereby reducing local air emissions.
The company has multiple projects in development in the Western United States, along with partnership activities in Japan and Korea, representing a US $2 billion portfolio of prospective capital investments.
FinSMEs
25/04/2023