Raven SR
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Renewable fuels company Raven SR bolsters leadership team, secures $15M investment
Raven SR Inc., a renewable fuels company, announced key board additions and an executive promotion, coupled with securing $15 million in new investments, positioning the company for further growth and innovation in the clean energy sector.
The company said the latest fundraising underscores the confidence in Raven SR’s proprietary Steam/CO2 Reforming technology that converts various waste streams into renewable transportation fuels like hydrogen and sustainable aviation fuel (SAF). The process outperforms all known alternatives in efficiency, producing more hydrogen and SAF per ton of waste.
Ascent Funds, a venture capital fund dedicated to advancing the energy transition, led the latest $15 million investment, with contributions from existing investors Chevron New Energies, ITOCHU Corp. and Stellar J Corp., the engineering, procurement and construction company managing construction of Raven SR’s hydrogen project in Richmond, California.
RockCreek Invests in Raven SR, Producer of Renewable Transportation Fuels
RockCreek, a leading global multi-asset firm investing in the energy transition, announced the closing of an investment in Raven SR, Inc. (Raven SR), a company that produces high-value renewable transportation fuels from a variety of feedstocks, including waste streams, using a proprietary non-combustion process.
Raven SR will use RockCreek’s investment to further commercialize low-to-negative carbon intensity hydrogen and sustainable aviation fuel (SAF). This investment comes on the heels of last month’s announcement that Raven SR’s Richmond, Calif. project is the first ever biomass-to-renewable hydrogen project permitted in the state of California.
raven SR, chevron and hyzon motors collaborate to produce hydrogen from green waste in northern california
Raven SR Inc. (Raven SR), a renewable fuels company, Chevron New Energies, a division of Chevron U.S.A. Inc., and Hyzon Motors Inc. (NASDAQ: HYZN) today announced they are collaborating to commercialize operations of a green waste-to-hydrogen production facility in Richmond intended to supply hydrogen fuel to transportation markets in Northern California.
The facility will be owned by a newly formed company, Raven SR S1 LLC (Raven SR S1). Raven SR will be the operator of the facility, which is targeted to come online in the first quarter of 2024. Chevron holds a 50% equity stake in Raven SR 1. Raven SR holds a 30% stake and Hyzon owns the remaining 20%.