When was Renewable Iron Fuel Technology founded?

Renewable Iron Fuel Technology was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Renewable Iron Fuel Technology located?

Renewable Iron Fuel Technology is headquartered in Eindhoven, Netherlands.

How many employees does Renewable Iron Fuel Technology have?

As of Sep 30, 2026, the latest employee count at Renewable Iron Fuel Technology is 110.

Is Renewable Iron Fuel Technology a funded company?

Renewable Iron Fuel Technology is a funded company, having raised a total of $111M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 28, 2022.

When was the latest funding round of Renewable Iron Fuel Technology?

Renewable Iron Fuel Technology's latest funding was a $***** Series B round on Mar 04, 2026, with participation from 6 investors.

Where does Renewable Iron Fuel Technology rank among its competitors?

Renewable Iron Fuel Technology ranks 2nd amongst 18 active competitors, of which 6 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Form Energy, which secured $270M in Sep, 2026.

Who are the top competitors of Renewable Iron Fuel Technology?

Renewable Iron Fuel Technology's top competitors include Form Energy, BDR Thermea Group and Ambri. Among them, Form Energy secured the most recent funding round in September, 2026.

Renewable Iron Fuel Technology - 2026 Company Profile, Funding & Competitors

Company Details

Developer of iron fuel technology for industrial heat decarbonization. The company provides an alternative to fossil fuels for industrial heat. It offers a circular energy carrier using fine iron powder. The iron powder releases high-temperature heat without carbon emissions. After combustion, the remaining iron oxide is regenerated using hydrogen. The company delivers clean, circular, and reusable energy solutions.

Website: www.ironfueltechnology.com/
Email ID: *****@ironfueltechnology.com

Key Metrics

Founded Year

2020

Location

Eindhoven, Netherlands

Stage

Series B

Total Funding

$111M in 4 rounds

Latest Funding Round

Series B, Mar 04, 2026, $*****

Investors

PGGM & 7 more

Ranked

2^nd among 18 active competitors

Employee Count

110 as on Sep 30, 2026

Similar Companies

Form Energy & 11 more

View Renewable Iron Fuel Technology's full profile

Renewable Iron Fuel Technology has raised a total funding of $111M over 4 rounds. Its first funding round was on Oct 28, 2022. Its latest funding round was a Series B round on Mar 04, 2026 for $*****. 6 investors participated in its latest round. Renewable Iron Fuel Technology has 8 institutional investors.

Here is the list of recent funding rounds of Renewable Iron Fuel Technology:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 04, 2026	4798418	Series B	8136481	7122942	3313200	1544600
Mar 04, 2026	1740831	Grant (prize money)	5846118	7916750	6620615	European Innovation Council
Oct 17, 2024	4640257	Series A	9829532	7408769	Invest-NL & 5 more	1711145

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View details of Renewable Iron Fuel Technology's funding rounds and investors

Renewable Iron Fuel Technology's employee count trend

Renewable Iron Fuel Technology has 110 employees as of Sep 26. Here is Renewable Iron Fuel Technology's employee count trend over the years:

Employee count trend for Renewable Iron Fuel Technology

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Top competitors of Renewable Iron Fuel Technology include Form Energy, BDR Thermea Group and Ambri. Here is the list of Top 10 competitors of Renewable Iron Fuel Technology, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Form Energy 2017, Somerville (United States), Series G	Clean energy technology platform developing long-duration iron-air battery systems	$2B	T. Rowe Price, ArcelorMittal & 45 others	71/100
2nd	Renewable Iron Fuel Technology 2020, Eindhoven (Netherlands), Series B	Developer of iron fuel technology for industrial heat decarbonization	$111M	PGGM, Breakthrough Energy & 6 others	59/100
3rd	BDR Thermea Group 1866, Apeldoorn (Netherlands), Series B	Manufacturer and distributor of smart climate and sanitary hot water solutions	-	BC Partners, Epiris & 1 others	57/100
4th	Ambri 2010, Marlborough (United States), Series D	Manufacturer of liquid metal battery systems for grid energy storage	$222M	Paulson & Co, Japan Energy Fund & 9 others	52/100
5th	Crosstown H2R 2022, Baden (Switzerland), Seed	Manufacturer of burner systems for industrial hydrogen gas turbine engines	$3.78M	Admin, Unruly Capital & 5 others	38/100
6th	Tharam-Thiran Green Energy Flow 2020, Chennai (India), Seed	Developer of sulfur-iron flow batteries	$61K	Social Alpha, IIITDM Kancheepuram	35/100
7th	Limpsfield 1995, Kent (United Kingdom), Unfunded	Manufacturer of industrial and hydrogen burners	-	-	30/100
8th	Dunphy 1964, Rochdale (United Kingdom), Unfunded	Manufacturer of industrial burners	-	-	27/100
9th	Hydrogen Technologies 2023, Newtown (United States), Unfunded	Provider of zero emission hydrogen boilers	-	-	24/100
10th	SAACKE 1997, Havant (United Kingdom), Unfunded	Provider of hydrogen burners	-	-	24/100