Startup transforms biogas into manure with $62M funding boost

Stephan Herrmann, a PhD graduate from Munich, has developed a groundbreaking carbon-negative power plant that utilizes biogas from agricultural waste. This innovative technology has garnered significant attention, leading to a $62 million Series A funding round, primarily from Energy Impact Partners, with additional support from Honda and the European Innovation Council Fund. The funding will enable Reverion, co-founded by Herrmann and Felix Fischer, to commence industrial-scale production of their power plants. The unique design of Reverion's power plant enhances efficiency by up to 80% compared to traditional biogas facilities. It integrates CO2 separation, allowing the plant to produce a liquified CO2 stream that can be utilized in various industries or sequestered. This feature not only addresses environmental regulations but also provides farmers and industrial clients with new revenue opportunities and optimized processes for heat and gas production. Reverion's technology is particularly appealing to farmers, as it can double the output of existing biogas plants while minimizing environmental impact. This advantage facilitates smoother interactions with regulatory bodies, making it easier for farmers to comply with environmental standards. The company has already amassed a backlog of $100 million in orders, indicating strong market demand. Despite facing competition from companies like Bloom Energy, Reverion distinguishes itself by directly removing carbon from the atmosphere and replacing fossil-fuel power sources with renewable gases. Additionally, the plant can produce green hydrogen, further contributing to sustainable energy solutions and reducing reliance on fossil fuels.