Munich-based Reverion, which constructs carbon-negative energy, reversible power facilities has raised €56 million in Series A capital, including non-dilutive funding.
Energy Impact Partners (EIP) led the oversubscribed round, with Honda and the European Innovation Council Fund (EIC Fund) joining. Returning investors, including Possible Ventures, Doral Energy-Tech Ventures, Green Generation Fund, UVC Partners, and Extantia Capital, also took part in the investment.
Reverion will be able to fulfill the more than $100 million in customer pre-orders it has already received and start serial manufacturing of its power plants thanks to this finance.
By utilizing biogas to its full capacity, Reverion’s proprietary technology is opening the door to 100% renewable energy. Their reversible power plants greatly increase operators’ revenue from the same feedstock by overcoming the drawbacks of traditional technology for biogas power generation. Reverion’s fuel cell-based facilities generate power up to 80% more efficiently than conventional gas engines, which double the amount of electricity produced by gas engines due to their inefficiency and millions of tonnes of CO2 emissions annually worldwide.
To further improve grid flexibility, these plants can also run reversibly to create and store green hydrogen or renewable natural gas during periods of excess electricity. Finally, Reverion’s facilities sequester the CO2 produced during the power generation process, enabling the production of carbon-negative power from biogas, reducing emissions, and reshaping the biogas sector for a sustainable energy future.
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CEO and MD, Dr. Stephan Herrmann, continued:
“Farmers who own biogas facilities face challenges related to regulatory retrofit requirements and the constraints of conventional systems. This consumer segment is precisely where Reverion is entering the market. The overwhelming demand for our units has been seen in Germany, but we’re not stopping there. With methods customized to the laws of each country, we’re getting ready for a global push. We have chosen partners in this funding round who can provide funding as well as critical experience in helping hardware businesses grow and develop cutting-edge energy technology. As we expand the business, we are thrilled to welcome elite investors from the US and Japan.”
Reverion has secured over $100 million in pre-orders, showing strong demand from industrials and farmers. Moreover, Farmers find the technology appealing as it boosts biogas plant output and creates new revenue streams.
Reverion designs its units to integrate seamlessly into thermal and chemical processes for industrial clients. They can supply heat and different gasses for on-site usage and electricity. This wide range of clients highlights the attraction and adaptability of Reverion’s carbon-negative power plants. It puts the business in a strong position to contribute significantly to the shift to sustainable energy. For the company to produce these plug-and-play, containerized power plants on a large scale, this fundraising round is essential.
Ashwin Shashindranath, Partner at Energy Impact Partners, stated:
“What Reverion has accomplished is nothing short of exceptional and exemplifies the market traction we look for in emerging climate tech companies. Their creative strategy and quick development demonstrate their potential to become global leaders in renewable energy, not just in Europe.”
