PINEDALE – Raven SR has received a new investment partner, the company recently announced.
Ascent Hydrogen Fund, an American-based investment platform, has signed an agreement to invest in Pinedale-based Raven SR. The deal is expected to close in the fiscal third quarter of 2021.
Ascent Hydrogen Fund is a platform that seeks innovators and leaders within the greater hydrogen ecosystem. It’s led by a veteran Wall Street energy investor with senior positions at institutions like Goldman Sachs, a capital markets executive who is a former Rothschild banker.
“We’re excited to now have Ascent onboard – a team of experienced energy investors and capital market executives who understand Raven’s role in decarbonization and the energy transition,” Raven SR CEO Matt Murdock said.
This news comes just over a week after Raven SR and Hyzon Motors Inc. announced a joint venture to build 100 hydrogen hubs.