According to the company, the power plants of Reverion can be used in the Electricity generation from biogas achieve an efficiency of up to 80 percent. This allows biogas plant operators to increase their revenues by up to 400 percent using the same amount of biomass. Furthermore, small power plants also have the ability to operate "reversely." This allows a temporary surplus of wind and solar power to be used to generate and store a renewable natural gas substitute or green hydrogen. A further advantage is that Reverions can operate CO2-negatively when using biogas.
With the 8.5 million euros now collected, the startup 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 totaling over 60 million euros that we intend 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 goals for the energy transition (Net Zero Act), Stephan Herrmann, Co-founder and Managing Director:
"Our technology addresses four of the eight currently stated goals: improving energy storage, expanding electrolysis processes and fuel cells, increasing the 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."
“Drive further scaling of the technology”
John of Borries, Managing Director at UVC Partners, says:
"We looked at various startups in this field. The founding team of Reverion convinced us because they have developed an outstanding technology over the past few years and successfully tested it in a pilot plant. With our extensive network together with UnternehmerTUM, we can bring partners, suppliers, and expertise to the table to drive the further scaling of the technology."
The current financing round is already the second for the startup, which was founded in 2020. In summer 2022, the Munich-based 7 million euros from Berlin-based climate tech investor Extantia. Other investors include Landwärme, Doral Tech Ventures, Possible Ventures, and several business angels. Reverion will also receive €12 million in research funding, which will be used for the further development of the systems. The startup is a spin-off of Technische Universität München and participated in the incubation program. Xpreneurs the UnternehmerTUM.
