154 million euros for Reverion: Series B Funding Aims to Increase Production of CO2-Negative Power Plants Tenfold
Capital is flowing primarily into a new production facility in Germany
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Reverion, a Bavarian energy tech company based in Eresing, has closed a Series B funding round totaling 154 million euros. The round was led by UVC Partners, among others. The capital will primarily be used to fund a new production facility in Germany with an annual production capacity of 250 megawatts and up to 800 jobs.
Reverion’s fuel cell technology electrochemically converts gas into electricity without combustion. With an electrical efficiency of 74.2 percent, Reverion holds the world efficiency record for thermal power plants. This figure was measured during ongoing customer operations using the first units from pre-series production and is nearly twice as high as that of conventional generators. The systems release the CO2 contained in the fuel in its pure form, allowing it to be reused or permanently stored. When operating on biogas, the plant has a negative CO2 footprint. The same plant can also run in reverse: in electrolysis mode, it converts excess electricity into storable gases. This provides operators with a flexible technology that responds to price signals in both the electricity and gas markets.
Stephan Herrmann, CEO and co-founder of Reverion, explains: “The sun and wind provide us with clean energy, but so far only when the weather cooperates. What the world needs is clean electricity on demand. With the completion of our Series B round, we are laying the foundation for large-scale industrial production of our technology. We are building a controllable, carbon-negative machine that will enable power grids and heavy industry to operate 100 percent cleanly around the clock, all year round. The funding will enable us to establish an additional production site and thus further scale the product into the megawatt class. This opens up entirely new markets for Reverion.”
Demand for Reverion’s systems comes from the biogas sector and the technology industry. Energy-intensive data centers are reaching the limits of the public power grid. Grid connections are facing significant delays, while local opposition to new sites is growing. Reverion’s plants generate the required electricity directly at the point of consumption, using the local gas infrastructure. This ensures operators have a round-the-clock power supply that is independent of grid expansion and price fluctuations in the electricity market.
Seven power plants are already in regular operation at customer sites, with each unit now generating 500 kW. The project pipeline has a revenue potential of over two billion dollars. The new production facility increases manufacturing capacity tenfold to 250 megawatts per year. At the Eresing headquarters, the team has recently grown from 100 to over 200 employees, and up to 800 jobs are expected to be added at the new location. Demand is growing beyond the domestic market in Germany, and the first international projects are already in development.
UVC Partners has held a stake in Reverion since 2023. As part of this funding round, UVC Partners is providing 24.5 million euros, including an SPV set up specifically with KfW Capital (as part of the Deutschlandfonds).
Johannes von Borries, Managing Partner at UVC Partners, says: “Most people saw Reverion as a biogas company. We saw the world’s most efficient CO2-neutral power generation and the best alternative to conventional solutions. The system can be used for a wide range of applications, from biogas to gas-fired power plants to data centers. Reverion outperforms comparable market players that have already reached valuations in the billions. This clearly shows us that Europe can not only keep pace in the deep tech sector but actually take the lead.”
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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