Lydian has closed its Series A financing round with $43 million (€37.4 million) to support the launch of PIVOT; a full-stack synthetic fuel facilities production platform. The funding round was led by Breakthrough Energy Ventures and included participation from AP Ventures, Builders Vision, Congruent Ventures, Galvanize, Grok Ventures, Overture, Union Square Ventures and Voyager Ventures.
PIVOT combines Lydian’s reactor technologies, catalysts, process design, software and balance-of-plant into standardised, factory-built modules, reducing plant capital costs by 50% and delivering up to 95% lifecycle emissions reductions.
Joe Rodden, CEO and Co-founder of Lydian, said: “PIVOT represents a fundamentally different approach to synthetic fuel production. By designing every part of the system for lower capital costs, greater operational flexibility and faster deployment, we’ve created a platform for commercially competitive synthetic fuel projects. This financing gives us the resources to bring that vision to market.”
Carmichael Roberts, Breakthrough Energy Ventures, commented: “Decarbonising aviation will require advanced fuels that compete on cost, work within today’s aviation infrastructure, and deliver the performance flyers and airlines expect. Lydian is taking on that challenge with a purpose-built approach to synthetic aviation fuel production. Its PIVOT platform combines strong technical innovation with a practical path to better project economics, offering the aviation industry a low-carbon fuel capable of cost-competitive, commercial-scale production.”
Lydian Raises $43m in Series A Round for Synthetic SAF
