The investors’ fresh capital will be used to expand the production of 100 kW and 500 kW biogas power plants. Both plant sizes have recently received significant demand from customers. In addition, Reverion has received EUR 12 million of research capital, which will be used to develop the plants.
With Reverion’s new technology, existing biogas operators can increase their revenue by up to 400 percent using the same amount of biomass. The company’s upcoming Series A fundraise aims to scale production to meet anticipated market demand for gigawatts of renewable capacity.
Reverion’s mission is to replace as many of the world’s conventional power plants as possible. The first target market is existing biogas suppliers. Today, these are operated with gas engines with very low efficiency (max. 40 percent), are not flexible, offer limited storage options, and emit millions of tons of CO2 annually. In contrast, Reverion’s modular power plants can double the efficiency of electricity generation from 40 to 80 percent compared to conventional technology.
Since the small power plants can also run “backward” (reversible), a renewable natural gas substitute or green hydrogen can be produced and stored from a temporary surplus in the wind and solar power to make the grid more flexible. Another advantage is that Reverion’s modern power plants can be operated CO2-negatively when biogas is used.
The patented carbon-negative fuel cell technology has already attracted numerous customers.
“We have secured over EUR 60 million in pre-orders, which we plan to fulfill,” explains Felix Fischer, Co-Founder, and COO. “Our objective is to break even by entering series production and rapidly scaling the number of units delivered,” he says.
Swift action is necessary for Germany to meet the EU Commission’s goals for the energy transition (Net-Zero Act) in the foreseeable future. Reverion, the spin-off from the Technical University of Munich, can significantly contribute to reaching these targets:
Access to capital is the bottom line when entering mass production, and close cooperation with the established industry is crucial for success. This is precisely where UVC Partners can support as an experienced hardware investor.
“We looked at various start-ups in this area. The founding team of Reverion convinced us because they have developed an outstanding technology over the last years 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 further scale the technology,” explains Johannes von Borries, Managing Director at UVC Partners.
All investors recognize the potential benefits to society and the economy of scaling Reverion’s technology. Janna Ensthaler, General Partner at the Green Generation Fund, says, “Reverion’s innovative technology promises to contribute to the energy transition significantly, enhancing the efficiency of biogas plants and displacing fossil fuels from the grid. From day one, the exceptional technical founding team captivated us, with their sales traction demonstrating commercial acumen alongside Research and Development expertise.
"The Green Generation Fund is excited to support the team in realizing their ambitious decarbonization vision every step of the way.”
Torben Schreiter, Partner at Extantia Capital summarizes all the advantages of Reverion, saying, “When deployed at scale, Reverion can truly revolutionize the way we generate baseload power around the world. With its proprietary technology, the company has solved all of the historical technical shortcomings associated with biogas power, resulting in a 5x increase in revenue for customers from the same amount of biomass.
"While Reverion is currently selling into the world’s leading biogas market first (Germany), we are observing substantial interest from international prospects as well. Reverion has what it takes to scale this solution, a global leader in renewable energy, and shape gigawatts of future clean energy.”