Reverion, an energy technology company based in Eresing, has raised €154.2 million ($175 million) in Series B funding. The company will use the new investment to increase production of its power plants and expand its clean energy solutions.
The funding round was led by Kembara, the €1 billion deep-tech and climate fund of Mundi Ventures. New investors in the round include Allianz, KfW Capital, Aurum Impact, and Carbon Equity.
Reverion’s existing investors also joined the round. They include Extantia, Energy Impact Partners, UVC Partners, the European Innovation Council Fund (EIC Fund), alfa8, and Possible Ventures. The company develops reversible fuel cell power plants designed to provide reliable, decentralised and carbon-negative energy.
Stephan Herrmann, CEO and co-founder of Reverion, said, “Solar and wind give us clean energy, but only when the weather cooperates. What the world needs is clean power on tap. By closing this Series B, we are laying the foundation for industrial mass production. We are building the dispatchable, carbon-negative engine that allows grids and heavy industry to run 100% clean, 24 hours a day, 365 days a year. The financing allows us to build an additional production site and to scale the product further, into the megawatt class. That opens up entirely new markets for Reverion.”
“We are seeing explosive international demand for our systems as utilities and industrial customers recognise that true energy security requires dispatchable clean power. With seven commercial plants operating in the field and output per unit upgraded to 500 kW, this capital ensures we can rapidly clear our backlog and steer the company toward long-term profitability,” said Felix Fischer, COO and co-founder.
“Solid oxide fuel cells are the most efficient way to convert gas into electricity, and Reverion sets the global benchmark in this field. The growth market lies in powering data centres, where Reverion’s negative carbon footprint counts as much as efficiency. Hyperscalers need massive, reliable power, but they cannot compromise on their climate commitments. With this round, we are financing industrial-scale expansion,” says Robert Trezona, Climate Lead at Kembara.
Founded in 2022. Reverion is a German EnergyTech and climate technology company based in Eresing, Bavaria. The company grew out of the Technical University of Munich (TUM) and develops reversible fuel cell power plants that can help generate and store energy locally.
