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RIFT develops renewable iron fuel technology to provide low-carbon heat for industrial processes and other uses.
Based in Eindhoven, Netherlands, RIFT develops iron fuel technology for industrial heat, district heating and electricity generation. Its process cycles iron powder between rusting and unrusting to produce heat. In February 2026, it raised EUR 83.1 million in Series B funding led by Pensioenfonds Zorg en Welzijn, with participation from Invest-NL, Oost NL, InnovationQuarter, BOM Brabant Ventures, and Rubio Impact Ventures. The funding will support commercial deployment, including a factory and sustainability testing.
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