Rivan, a UK climate technology company developing synthetic fuels for hard-to-electrify industries, announced a £25 million funding round led by IQ Capital with support from Plural to expand domestic fuel production in Europe, accelerate R&D, and open a new manufacturing facility.
Rivan produces synthetic fuels designed for sectors such as steel, cement, chemicals, and aviation, targeting fossil-fuel price parity at national scale. The company aims to reduce carbon emissions while improving Europe’s energy independence, where a large share of energy demand still relies on imports.
Growth and Production Milestones
Since its earlier £10 million seed round, Rivan has advanced rapidly through 2025. Achievements include commissioning the UK’s largest synthetic natural gas plant, tripling customer contracts, selling planned output through 2029, and securing a 50,000-square-foot manufacturing site known as Production Base 1.
The company vertically integrates production, covering renewable power generation, hydrogen and CO2 supply, reactor systems, and gas-grid injection. All hardware is designed and manufactured in the UK, supporting faster deployment through a domestic supply chain.
Expansion Plans
New funding will support Project Steadfast, a 15MW facility in Wiltshire expected to become Europe’s largest synthetic natural gas plant and the first to inject SNG into the UK gas grid. Production Base 1 is also expected to scale hardware output to 50MW annually.
Rivan plans major investment in direct air capture, electrolysis, reactor systems, and solar technology, with the goal of competing directly with fossil-fuel pricing within the next two to three years.
Hiring and Market Impact
The company currently employs more than 30 engineers and operators in South London and plans to add 35 new roles across engineering, manufacturing, operations, and permitting.
Over the past year, Rivan has evolved from an engineering concept into a scalable energy security solution, positioning domestic synthetic fuel production as a strategic opportunity for Europe’s industrial future.