According to the company, Reverion’s power plants can achieve an efficiency of up to 80 percent when converting biogas to electricity. This allows operators of biogas plants to increase their revenues from the same amount of biomass by up to 400 percent. In addition, the small power plants have the ability to run “backwards” (reversibly). This makes it possible to generate and store a renewable natural gas substitute or green hydrogen from a temporary surplus of wind and solar power. Another advantage is that Reverion’s modern power plants can be operated CO2-negatively when using biogas.
With the 8.5 million euros now raised, the startup plans to expand its production of 100 kilowatt and 500 kilowatt biogas power plants. The patented carbon-negative fuel cell technology has already found numerous customers. Felix Fischer, co-founder and COO, explains:
“We already have pre-orders worth over 60 million euros that we want to fulfill. Our goal is to reach profitability by entering series production and rapidly scaling the number of units delivered.”
With a view to the EU Commission’s energy transition targets (Net-Zero Act), Stephan Herrmann, co-founder and CEO, adds:
“Our technology addresses four of the eight currently declared targets: improving energy storage, expanding electrolysis processes and fuel cells, increased use of biogas and biomethane, and carbon storage. We are therefore confident that rapid and comprehensive market entry will give Germany and the EU a competitive advantage in highly flexible and carbon-negative energy supply.”
“Driving forward the further scaling of the technology”
Johannes von Borries, managing director at UVC Partners, says:
“We looked at various startups in this field. Reverion’s founding team convinced us because over the years it has developed outstanding technology and successfully tested it in a pilot plant. With our large network together with UnternehmerTUM, we can bring partners, suppliers, and expertise to the table to drive forward the further scaling of the technology.”
The current funding round is already the second for the startup, which was founded only in 2020. Already in summer 2022, the Munich-based company was able to raise 7 million euros from Berlin-based climatetech investor Extantia. Other investors include Landwärme, Doral Tech Ventures, Possible Ventures, and several business angels. Additionally, Reverion receives 12 million euros in research funding, which will be used for further development of the systems. The startup is a spin-off from Technische Universität München and participated in the Xpreneurs incubation program of UnternehmerTUM.
