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.
/PRNewswire/ H Cycle, LLC, is pleased to announce the closing of Series A funding led by Azimuth Capital Management s new Azimuth V Energy Evolution Fund.