Germany’s Reverion raises €154.2 million to scale production of power plants that generate electricity from gas
Reverion, an Eresing-based EnergyTech company that builds reversible fuel cell power plants for decentralised energy supply, today announced the closing of a €154.2 million ($175 million) Series B funding round to scale production of its dispatchable, carbon-negative power plants. The round was led by Kembara, Mundi Ventures’ €1 billion DeepTech and climate fund. The round […] The post Germany’s…
Germany's Reverion, an EnergyTech company based in Eresing, has secured €154.2 million in Series B funding to expand production of its reversible fuel cell power plants. The round, led by Kembara and Mundi Ventures, brings a total investment of €175 million to the company. Reverion aims to build dispatchable, carbon-negative power plants capable of operating 24/7 to provide clean electricity for grids and heavy industry.
The funding will be used to construct a new megafactory in Germany, increasing manufacturing capacity tenfold to produce 250 megawatts annually. Reverion plans to deploy the funds towards scaling production and expanding internationally, with the first overseas projects set to begin later this year.
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