Munich-based Reverion, a company building reversible, carbon-negative power plants, announced on Friday that it has secured $62M (approximately €56M) in an oversubscribed Series A funding round, including non-dilutive funding.
The funding round was led by Energy Impact Partners (EIP) with Honda and the European Innovation Council Fund (EIC Fund) participation.
Existing investors Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures also joined the round.
The latest capital injection will enable the German company to begin serial production of its power plants and meet over $100M in customer pre-orders collected to date.
Reverion: Building carbon-negative power plants
Founded in 2015 as a spin-off from the Technical University of Munich, Reverion is building reversible, carbon-negative power plants.
Over the years, the company developed, validated, patented, and scaled its novel high-temperature fuel cell system.
Through its reversible power plans, the company overcame the limitations of conventional technologies for power generation from biogas, significantly increasing revenue for operators from the same biomass.
As per the company’s claims, the company’s fuel cell-based plants achieve up to 80 per cent efficiency in power generation, doubling the electricity output of gas engines.
In addition, these plants can also operate reversibly to produce and store renewable natural gas or green hydrogen in times of electricity surplus, enhancing grid flexibility.
Finally, Reverion’s plants capture the CO2 created during power generation, thus making carbon-negative power generation from biogas possible.
As of now, Reverion has already secured over $100M in pre-orders from customers, mainly farmers, and industrials.
According to the company, farmers are drawn to Reverion’s technology to double biogas plant output and create new revenue streams.
For industrial customers, Reverion’s units provide electricity, heat, and gases for on-site use.
“Farmers with biogas plants struggle with regulatory retrofit demands and the limitations of traditional technologies. This customer segment is exactly where Reverion is entering the market,” says Dr. Stephan Herrmann, CEO and Managing Director at Reverion GmbH.
“The demand for our units has been overwhelming in Germany, and we’re not stopping there — we’re preparing for a global push with strategies tailored to each region’s regulations. In this financing round, we’ve selected partners offering capital and crucial expertise in scaling hardware startups and advancing innovative energy technologies. We’re excited to onboard top-tier investors from the US and Japan as we grow the company,” Herrmann.
The investor
Energy Impact Partners LP (EIP) is a global technology investor custom-built for the energy transition.
With over $4B in assets under management, EIP invests globally across venture, growth, and credit – and has a team of over 90 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne, Oslo and Singapore.
“What Reverion has accomplished is nothing short of exceptional and exemplifies the market traction we look for in emerging climate tech companies,” says Ashwin Shashindranath, Partner at Energy Impact Partners.
“Their innovative approach and rapid progress highlight their potential to become leaders in renewable energy not only in Europe but across the globe,” adds Shashindranath.
