Reverion raises $175m Series B for manufacturing expansion
Its solid-oxide system can generate electricity from biogas or use surplus power to produce storable gas.
Existing investors Extantia, Energy Impact Partners, UVC Partners, European Innovation Council Fund, alfa8 and Possible Ventures also participated.
Reverion plans a German production site and manufacturing capacity of 250 MW annually, described as a tenfold increase.
Its M-series plants are already in customer operation and series production, while the H-series electrolysis product continues toward market readiness.
Use of funds
Scale the technology
Build a German production site
Expand manufacturing capacity