Raven SR, a renewable fuels firm, announced the launch of Raven SR Iberia, S.L., a wholly owned subsidiary in Zaragoza, Spain’s capital.
Raven SR Iberia expands the company’s global footprint into Europe, where renewable hydrogen is actively pursued to assist in meeting decarbonization and net-zero targets in the transportation, power generation, and industrial sectors.
Mrs. Carmen Font, Raven SR’s business consultant in the European Union, will initially lead Raven SR’s Spanish subsidiary. Font formerly worked as a corporate banker and as a trade and finance adviser at the British Consulate General in Barcelona, where he oversaw the investment team for the Regional Government of Aragón. As Raven SR’s representative, she now chairs numerous working groups within the European Hydrogen Valleys Partnership, a collaboration of 56 European Regions dedicated to commercializing hydrogen.
“By combining our scalable renewable fuel production technology with Carmen’s deep knowledge of EU policy, regulation and industry, we can capitalize on the objective of expeditiously bringing hydrogen to several markets in Europe and beyond,” said Raven SR CEO Matt Murdock. “Raven SR can help deliver what policymakers around the world are seeking: actionable solutions to mitigate the climate crisis with advanced renewable energy.”
The European Union is actively promoting hydrogen as a critical source of renewable energy in order to satisfy decarbonization targets and achieve carbon neutrality by 2050. Raven SR is a member of the Pilot Action Hy2Market and the European Consortium for the Interregional Innovation Investment Funding Instrument I3, which aims to accelerate the commercialization and scaling up of interregional European innovation projects and investments by developing European hydrogen value chains.
Raven SR Iberia will also strengthen Aragon’s position as a technology pioneer in the development and widespread use of hydrogen as a renewable energy source. The region’s hydrogen valleys – geographic locations that integrate many hydrogen uses into a single ecosystem for the purpose of conducting experimental projects across the value chain – will be used to make renewable energy more affordable.
“This project is aligned with the vision of the Government of Aragón to develop and implement new technologies related to hydrogen, and can significantly contribute to the ambitious European decarbonization targets,” said Mr. Arturo Aliaga, Vice President and Minister of Industry, Competitiveness and Business Development of the Regional Government of Aragón, and President of the Hydrogen Foundation in Aragón.
“We are pleased to support Raven SR towards the development of its site in Aragón, which will also contribute very positively to regional economy and generation of employment. The Government of Aragón has been for over two decades highly supporting and promoting H2 initiatives in Aragón and the region has become the perfect gateway for the European H2 market, the development of H2 scalable projects and H2 investments. We will be delighted to continue cooperating with Raven SR and supporting its project in Aragón.”
