Renewable fuels company Raven SR has secured $15 million in new investments, which will contribute to the construction of its hydrogen project in Richmond, California. Ascent Funds, a venture capital fund dedicated to advancing the energy transition, led the latest investment, with contributions from existing investors Chevron New Energies, ITOCHU Corp, and Stellar J Corp. “Raven SR is pleased to have the continued and enhanced support of our investors as we move toward construction of our organic waste-to-hydrogen facility,” said founder and CEO of Raven SR Matt Murdock. “This funding is crucial for finalising our production setup”. The company has

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