13 place 0

891 Backed by €113.8 million, Dutch startup RIFT to deliver 340 GWh of industrial heat annually and avoid over 1 million tonnes of CO₂,

EU-Startups
David Cendon Garcia @ EU-Startups · 03/03/2026 05:50 EDT

Backed by €113.8 million, Dutch startup RIFT to deliver 340 GWh of industrial heat annually and avoid over 1 million tonnes of CO₂,

Eindhoven-based CleanTech company RIFT has secured €113.8 million in combined financing (Series B + EU grant) to advance its Iron Fuel Technology from pilot projects toward commercial deployment, as well as develop its first commercial production facility. The funding consists of an €83.1 million Series B round led by PGGM, with participation from Invest-NL, the ...

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