Raven SR has been awarded a €1,4m grant from Spain’s Ministry for Ecological Transition and Demographic Challenge (MITECO), according to a news release.
The funding will support the development of an organic waste-to-renewable hydrogen production facility in Zaragoza, Spain, using Raven’s non-combustion Steam/CO2 Reforming technology.
Raven is also exploring other production opportunities across the European Union in France, Portugal, and Greece. The company secured $15m in new investments this year.
The Zaragoza project is the first in Europe to be established on an industrial scale. Raven Iberia was previously awarded in 2022, €1.7m by the European Commission being part of the European Consortium, Hy2Market.
Matt Murdock, Founder and CEO of Raven SR: “We are honored the Ministry recognizes the benefits of our non-combustion technology and the opportunity to reduce organic waste by converting it into renewable hydrogen. Spain is at the forefront of hydrogen production in the EU and we look forward to developing this project in the coming year to advance renewable fuel options in the region.”
The Ministry has issued a call for projects, innovative developments and advanced technologies to produce renewable hydrogen in Spain that can be replicable and scalable.
The publication of the final award resolution was made by the Ministry last week after approval by the Board of Directors of the Institute for Energy Diversification and Saving (IDAE), a public entity dependent on MITECO and responsible for managing these funding programs for innovative technologies.
