May 10, 2023

​Marathon Capital Advises H Cycle on Series A financing to Azimuth and Eneos

Marathon Capital is pleased to have advised H Cycle on its Series A funding led by Azimuth Capital Management’s new Azimuth V Energy Evolution Fund and ENEOS Innovation Partners LLC.

H Cycle produces renewable, low-carbon hydrogen using an innovative waste processing system and thermal conversion, redirecting municipal and organic waste away from landfills.

This significant transaction will empower H Cycle to expedite the advancement of development for its green hydrogen production platform. Marathon Capital acted as exclusive financial advisor to H Cycle on the transaction.

H Cycle’s zero-carbon hydrogen production process supports the production of low-carbon transportation fuels. Additionally, its feedstock – sourced primarily from diverted organic waste – results in the avoidance of harmful methane emissions by delivering to H Cycle in place of landfills and converting to green hydrogen.

“H Cycle’s process technology ties directly to Marathon Capital’s purpose of facilitating a more sustainable energy future. Our global economy is rapidly transitioning to consume and produce cleaner forms of energy molecules, and we were thrilled to support H Cycle throughout this process.” – Jonathan Hough, Managing Director


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