Reverion, a German company that has developed innovative, reversible power plants that generate electricity from biogas while capturing and utilizing CO2 emissions, has secured $62 million in Series A funding. The round was led by Energy Impact Partners, with participation from Honda and the European Innovation Council Fund.
The company’s technology has been designed to overcome the limitations of conventional power generation from biogas, allowing operators to generate more revenue from the same biomass. Unlike traditional gas engines, which are inefficient and emit significant amounts of CO2, Reverion’s fuel cell-based plants achieve up to 80% efficiency in power generation, doubling the electricity output of gas engines.
Reverion’s reversible power plants can also operate in reverse mode to produce and store renewable natural gas or green hydrogen during periods of electricity surplus, enhancing grid flexibility. This technology has the potential to make a significant impact on reducing greenhouse gas emissions.
The funding will enable Reverion to begin serial production of its power plants and meet the over $100 million in customer pre-orders it has received to date. The company has already secured strong demand from farmers and industrials, who are attracted to its technology for its ability to increase revenue streams and provide a more efficient and sustainable source of energy.
“We are excited to have secured this funding and are looking forward to working with our new partners to scale our business,” said Dr. Stephan Herrmann, CEO and Managing Director at Reverion GmbH. “We believe that our technology has the potential to make a significant impact on reducing greenhouse gas emissions and are committed to advancing innovative energy technologies.”
The demand for Reverion’s units has been strong in Germany, but the company is planning to expand globally, with strategies tailored to each region’s regulations. With this funding, Reverion is well-positioned to achieve its goals and become a leading player in the energy sector.
