Reverion Revolutionizes Energy Generation with Reversible Power Plants
Key Ideas
- Reverion, a German startup, secured $62mn to scale mini power plants capable of generating clean energy, capturing CO2, and producing hydrogen in compact units.
- The company's technology significantly boosts efficiency by turning biogas into electricity using solid oxide fuel cells, reaching an efficiency of 80% compared to conventional gas engines.
- Reverion aims to address renewable energy storage and provide a climate-friendly solution by offering a versatile system that can generate electricity, methane, and hydrogen, while also capturing CO2 for additional revenue streams.
- The oversubscribed funding round was led by US investor Energy Impact Partners, with support from Honda and the European Innovation Council, showcasing international interest in Reverion's innovative energy solutions.
German startup Reverion has secured $62 million in funding to scale its mini power plants that can generate clean energy, capture CO2, and produce hydrogen all within a shipping container-sized unit. Founded in 2022 as a spin-off from the Technical University of Munich, Reverion plans to use the investment to start serial production of its power plants and fulfill over $100 million in pre-orders.
Reverion's technology focuses on efficiency, utilizing solid oxide fuel cells to convert biogas into electricity with an impressive 80% efficiency rate, which is double that of conventional gas engines. The company's name, derived from 'reversible' and 'ions,' highlights the dual functionality of their plants in generating electricity and producing methane and hydrogen.
Additionally, Reverion's power plants capture the CO2 emitted during the electrochemical reaction, offering the potential to sell it for producing Sustainable Aviation Fuels (SAF) or for long-term sequestration underground. This feature positions Reverion's technology as a CO2 negative solution, combining energy generation with carbon capture.
By increasing power production from the same amount of waste, Reverion's plants aim to enhance profits for farmers and industries selling bioenergy to the grid. The company's 100kW and 500kW systems, designed to fit into standard shipping containers, have garnered significant demand in Germany, prompting plans for global expansion.
The successful Series A funding round was led by Energy Impact Partners, with notable participation from Honda and the European Innovation Council. Reverion intends to leverage the expertise of its investors to scale its hardware startup and advance its energy technologies for global impact.