The European Commission has given Raven SR a grant of €1.7 million (USD$1.75 million) for the construction of a waste-to-hydrogen manufacturing facility in the Spanish area of Aragón.
The money comes from a larger €14 million award from the European Commission to Hy2Market, a multi-regional project run by the New Energy Coalition that aims to speed the study and production of hydrogen.
In order to plan the $35 million waste-to-hydrogen production facility in the area, Raven SR earlier this year established Raven Iberia, a wholly owned subsidiary in Zaragoza, the capital of Aragón. Commercial operations for the modular project are planned to start in 2024, and the fuel supply will support hydrogen-powered vehicles.
The Raven SR project in Aragón will convert about 75 tons of organic solid waste per day into 1,600 metric tons of renewable hydrogen annually. The non-combustion, proprietary technique used by Raven SR lowers waste and emissions while generating clean, renewable fuel. More energy is produced per ton of waste using this design than with any other waste-to-hydrogen technology in the world.
Due to its advanced technological stage and potential for scaling up in the European Union, Raven SR’s project in Spain was selected late last year by the S3 European Hydrogen Valleys Partnership as the finest new industrial European initiative related to hydrogen. The Interregional Innovation Investment Funding Instrument I3 aims to support the commercialization and scaling up of interregional European innovation projects and investments through the creation of European hydrogen value chains, and Raven SR is a member of both the Pilot Action Hy2Market and the European Consortium.
