In Wyoming, RockCreek announced the closing of an investment in Raven, a company that produces renewable transportation fuels from a variety of feedstocks, including waste streams, using a proprietary non-combustion process.
Raven said it will use RockCreek’s investment to further commercialize low-to-negative carbon intensity hydrogen and sustainable aviation fuel.
Renewable hydrogen from this project will be commercially available in the Bay Area beginning in 2024 through agreements with Chevron New Energies and Hyzon Motors. The same core technology will also be adapted to commercialize the production of sustainable aviation fuel in 2025.
The Raven investment is part of RockCreek’s Smart Aviation Futures fund. Working with a major US airline, Smart Aviation Futures invests in high-growth companies that enable and benefit from decarbonizing the aviation industry.
“Raven is pioneering innovative ways to produce renewable transportation fuels that will play an instrumental role in decarbonizing the aviation and transportation industries,” said Justin Heyman, managing director of RockCreek. “Their products have an attractive environmental footprint and are cost competitive with traditional fuels. This offers industries smart options to both manage fuel costs and achieve abatement goals.”
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