Reverion raises $62M to enter production of next-gen renewable power plants
Reverion, a company pioneering carbon-negative, reversible power plants, has secured $62 million in Series A funding, including non-dilutive capital. The round, which exceeded expectations, was led by Energy Impact Partners (EIP) and saw backing from Honda and the European Innovation Council Fund (EIC Fund).
Key existing investors, including Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures, also participated. This influx of capital will support Reverion in launching serial production of its power plants, helping the company fulfil over $100 million in pre-orders already secured.
Reverion's proprietary technology is reshaping the path towards 100% renewable energy by unlocking the full potential of biogas. Its innovative power plants address the inefficiencies of traditional biogas power generation, maximising output and revenue for operators without increasing biomass consumption. While conventional gas engines contribute significantly to global CO2 emissions and operate at relatively low efficiency, Reverion’s fuel cell-based systems offer up to 80% efficiency, effectively doubling the power output of standard gas engines.
In addition to generating power, these plants have a reversible function, allowing them to produce and store renewable natural gas or green hydrogen during periods of excess electricity, enhancing grid stability. By capturing the CO2 produced during energy generation, Reverion’s systems enable carbon-negative power production from biogas, positioning the company as a transformative force in the shift to a sustainable energy landscape.
“What Reverion has accomplished is nothing short of exceptional and exemplifies the market traction we look for in emerging climate tech companies,” said 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.”
Reverion has already secured over $100 million in pre-orders, reflecting strong demand from customers, mainly farmers, and industrials. Farmers are particularly attracted to Reverion's technology for its ability to double the output of existing biogas plants while creating new revenue streams. For industrial customers, Reverion's units are optimized for deep integration into thermal and chemical processes, providing not only electricity but also heat and various gases for on-site use. This diverse customer base underscores the broad appeal and versatility of Reverion's carbon-negative power plants and positions the company to play a key role in the transition to sustainable energy. This funding round is critical for the company to deliver these containerized, plug-and-play power plants at scale.
"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," said 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.”