Rivan Industries raises $33.7M to build Europe’s largest green hydrogen-based SNG plant
In the UK, Fuel Cells Works reported that London-based Rivan Industries, a start-up producing synthetic natural gas from green hydrogen and direct air capture CO2, has closed a $33.7 million Series A round led by IQ Capital.
The report stated that the technology is a Sabatier reaction system: an alkaline electrolyzer produces hydrogen from renewable electricity, a calcium-looping direct air capture unit pulls CO2 from the air, and the two gases are combined in a reactor to produce synthetic methane — chemically identical to natural gas, injectable into the existing grid without infrastructure modifications.
Rivan is already commissioning a 15MW plant in the South West of England. The new capital will support that project through to completion, fund the scaling of manufacturing capacity at its South London site, and advance development of what the company says will be Europe’s largest SNG plant.
Category: Hydrogen
