Reverion, a bioenergy with carbon capture and storage (BECCS) company based in Germany, has successfully secured $62 million in a Series A funding round to propel its innovative carbon-negative power plants into serial production. The funding round, led by Energy Impact Partners (EIP) and with participation from Honda, the European Innovation Council Fund (EIC Fund), and several existing investors, aims to meet the substantial demand of over $100 million in customer pre-orders received by Reverion. The company plans to leverage this funding to scale its hardware startup and advance its innovative energy technologies. Reverion's CEO, Dr. Stephan Herrmann, expressed enthusiasm about the new partnerships that offer not only capital but also crucial expertise in scaling hardware startups. The company's reversible power plants not only generate electricity but also have the capability to produce methane and hydrogen from surplus electrical energy, showcasing up to 80% efficiency in power generation, which is twice the output of gas engines. Additionally, by capturing the carbon dioxide emitted during power production, Reverion's plants introduce a carbon-negative approach to biogas-based power generation, providing a sustainable alternative to traditional gas engines known for their high CO2 emissions. One of the key features of Reverion's technology is its ability to significantly increase revenue for operators, particularly appealing to farmers by doubling the output of existing biogas plants and offering new income streams. Furthermore, the company's units can be deeply integrated into thermal and chemical processes, not only providing electricity but also heat and various gases for industrial clients to utilize on-site. This innovative approach to biogas power production demonstrates Reverion's commitment to sustainability and efficiency in the energy sector, positioning it as a key player in the renewable energy landscape.