Raven SR has received strategic investment from its partner Stellar J.
The undisclosed investment will support the commercialisation of Raven SR’s non-combustion waste-to-hydrogen process.
The company plans to start commercial operations for waste-to-hydrogen production in early 2024 and commercial operations for sustainable aviation fuel (SAF) in 2025.
Stellar J has fabricated Raven SR units for full-scale hydrogen production reformers. A successful trial of the units in August 2022 demonstrated that Raven SR’s proprietary technology for waste-to-hydrogen and gas-to-hydrogen process is commercially ready.
Matt Murdock, CEO of Raven SR, said, “As we expand our global reach, Raven SR values this expression of deep support and confidence by Stellar J as we move together from sharing a vision to making a transformative impact in the transportation fuel sector.
“Stellar J’s knowledgeable and experienced team of engineers have proven to be valuable partners who are passionate about bringing Raven SR’s technology to market to advance the energy transition worldwide.”
Bob Kinghorn, CEO of Stellar J Corporation, added, “Our investment and partnership with Raven SR recognises the unique value proposition they provide as an answer to waste disposal challenges.”
Stellar J’s investment is the sixth by a Raven SR strategic partner, following investments from Chevron, ITOCHU, Hyzon Motors, Ascent Hydrogen Fund and Samsung Ventures.
In 2021, Raven SR received $20m investment from Chevron, Hyzon, ITOCHU and Ascent to scale its waste-to-hydrogen production units.
Read more:Raven SR receives $20m investment to scale its waste-to-hydrogen production units
Raven selected Stellar J to complete the final designs of two facilities in the San Francisco Bay area that could power around 200 heavy-duty or 1,250 passenger vehicles per day.
Earlier this year, Raven, Chevron and Hyzon announced a collaboration to commercialise operations of a waste-to-hydrogen plant in Richmond, California.
The production facility will supply hydrogen to the transport sector, producing up to 2,400 metric tonnes per year of renewable hydrogen.
Read more: Raven SR, Chevron and Hyzon unveil waste-to-hydrogen plant plans
The Raven SR technology is a non-combustion thermal, chemical reductive process that converts organic waste and landfill gas to hydrogen and Fischer-Tropsch synthetic fuels. Its Steam/CO2 Reformation does not require fresh water as a feedstock.
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