Reverion gets $62 million to build carbon-negative biogas power projects
Reverion says that in response to surging market demand for renewable energy at gigawatt scale, this new capital allows the company to significantly increase its production capacity.
German carbon-negative power plants builder Reverion has announced that it has raised $62 million in Series A funding. The oversubscribed round was led by Energy Impact Partners (EIP) with participation from Honda and the European Innovation Council Fund (EIC Fund) besides existing investors who joined the round.
This funding will enable Reverion to begin serial production of its power plants and meet over $100 million in customer pre-orders collected to date.
Reverion has a patented technology that is paving the way to 100% renewable energy by using the full potential of biogas. Their reversible power plants overcome the limitations of conventional technologies for power generation from biogas, significantly increasing revenue for operators from the same biomass.
Reverion said that unlike conventional gas engines, which are inefficient and emit millions of tonnes of CO2 annually worldwide, its fuel cell-based plants achieve up to 80% 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, cutting emissions and transforming the biogas industry for a sustainable energy future.
“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.
Reverion has already secured over $100 million in pre-orders, reflecting strong demand from customers, mainly farmers, and industrials.
“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.” says Herrmann.
