Reverion, a German startup pioneering reversible carbon-negative power plants, has raised $62 million in Series A funding to accelerate its mission of transforming biogas into a more efficient and sustainable energy source. The funding round included non-dilutive financing and was led by Energy Impact Partners (EIP), with participation from Honda, the European Innovation Council Fund, and existing investors such as Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures.
Reverion’s innovative power plants address the inefficiencies of traditional biogas engines by utilizing fuel cell-based technology that can achieve up to 80% efficiency—double the output of conventional gas engines. These plants not only generate electricity but can also operate in reverse to produce and store renewable natural gas or green hydrogen, making them highly adaptable to grid needs.
A key differentiator is Reverion’s ability to capture CO2 emissions during power generation, making its process carbon-negative. This breakthrough technology has garnered strong interest, with over $100 million in pre-orders from customers, including farmers and industrial sectors, who benefit from increased energy output and new revenue streams.
Reverion plans to use the funding to start serial production of its power plants and expand globally, with strategies tailored to various regional regulations. CEO Dr. Stephan Herrmann emphasized the overwhelming demand in Germany and the company’s ambition for a global market push.
