Founder
Mark Verhagen
CEO & Co-Founder of RIFT
Dutch-born entrepreneur · Climate & Energy
Eindhoven, Netherlands
01 / About
Mark Verhagen co-founded RIFT in 2020 as a TU Eindhoven spin-off, together with Lex Scheepers and Vincent Seijger. The company develops iron fuel technology, burning iron powder to generate industrial heat and regenerating the resulting iron oxide back into fuel. RIFT has raised €113.8 million in financing, including an €83.1 million Series B led by pension investor PGGM, and Verhagen was named a Breakthrough Energy Fellow in 2022.
02 / Company
- Company
- RIFT
- Industry
- Climate & Energy
- Founded
- 2020
- Dutch origin
- Netherlands
- Current location
- Eindhoven, Netherlands
- Founder role
- CEO & Co-Founder
RIFT (Renewable Iron Fuel Technology) builds installations that burn iron powder as a carbon-free, circular fuel for industrial heat.
03 / Why they're featured
- 01
Raised €113.8 million in total financing, including an €83.1 million Series B led by PGGM.
- 02
Commercialising an unusual, genuinely Dutch-engineered approach to industrial decarbonisation.
- 03
Breakthrough Energy Fellow, connecting a university spin-out to international climate capital.
04 / At a glance
- Founder
- Mark Verhagen
- Company
- RIFT
- Industry
- Climate & Energy
- Dutch origin
- Netherlands
- Current location
- Eindhoven, Netherlands
- Founded
- 2020
- Status
- Featured