Germany’s Reverion raises €154.2 million to scale production of power plants that generate electricity from gas

What happened

The round was led by Kembara, Mundi Ventures’ €1 billion DeepTech and climate fund. The round also saw participation from new investors Allianz, KfW Capital, Aurum Impact, and Carbon Equity, alongside existing backers Extantia, Energy Impact Partners, UVC Partners, European Innovation Council Fund (EIC Fund), alfa8, and Possible Ventures.

The idea for Reverion emerged in 2015 during Herrmann’s doctoral research at TU Munich, together with his advisor, Prof. In 2022, Reverion was founded as a spin-off from TUM.

The company states that it builds solid oxide fuel cell (SOFC) power plants that generate electricity from gas, provide flexible energy storage through reversibility, and can operate in a carbon-negative manner. Its patented high-temperature fuel cell technology converts gases, including natural gas, biogas and hydrogen, directly into electricity.