{"id":83914,"date":"2022-07-06T08:51:00","date_gmt":"2022-07-06T06:51:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=83914"},"modified":"2022-07-05T16:09:15","modified_gmt":"2022-07-05T14:09:15","slug":"reverion-seed-financing","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/83914\/reverion-seed-financing\/","title":{"rendered":"Reverion closes seed round of \u20ac7 million"},"content":{"rendered":"
\n

Reverion has developed a technology that aims to achieve an efficiency of 80 percent in electricity generation from biogas \u2013 double the efficiency of current methods. Startup<\/a> on Fuel cells in a novel system design<\/a>, which also allows for reversible use. This means that Reverion systems can, when needed, reverse electricity production into electricity use, thus using excess electricity from wind and solar power for an electrolysis process. This process can produce either green hydrogen or a renewable natural gas substitute. The latter can then be fed into the existing natural gas grid.<\/p>\n\n\n\n

"To further reduce the dependence of the German energy system, it is essential to leverage all potential in the energy sector \u2013 including biogas and renewable energies. The potential for electricity generation from existing biogas plants alone can be increased from around 5.5 GW today in Germany to up to 11 GW with Reverion plants \u2013 and without requiring a single square meter of additional land! If we utilize the full flexibility of the technology, as much as 20 GW of electricity can be generated during peak times, up to 30 percent of total electricity consumption in Germany. That is as much as the maximum output of lignite currently. A Europe-wide rollout of the technology would also make it possible to capture more than 100 million tons of CO2 annually as truly negative emissions and, through additional displacement of fossil fuels, save 10 percent of total European CO2 emissions."<\/p><\/blockquote>\n\n\n\n

so Stephan Herrmann<\/strong>, Managing Director of Reverion.<\/p>\n\n\n\n

Reverion provides CO2-negative electricity<\/h2>\n\n\n\n

In addition to the now successfully completed seed round, Reverion has already secured funding from the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) and the European Social Fund (ESF). The Munich-based company also won prize money in the Musk Foundation's Xprize Carbon Removal Challenge. This means that Reverion now has a total of over \u20ac7 million at its disposal to scale its technology. A new development and production site is currently being built in Eresing near Munich. The five founders also plan to expand their team to an estimated 25 employees over the next 12 months. Reverion aims to set up its first plant for CO2-negative electricity and hydrogen as early as next year.<\/p>\n\n\n\n

Sebastian Heitmann<\/strong>, Partner at Extantia, adds:<\/p>\n\n\n\n

"Baseload renewable energy from local resources is the most attractive alternative in the energy sector, and not only because of the current geopolitical situation. Reverion is also capable of offering a highly flexible system that can be perfectly integrated into existing infrastructure."<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Munich-based cleantech startup Reverion, a spin-off from the Technical University of Munich, has successfully completed its seed round. The primary investor is Berlin-based climate tech investor Extantia. Other investors include Landw\u00e4rme, Doral Tech Ventures, Possible Ventures, and several business angels.<\/p>","protected":false},"author":33,"featured_media":83924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,4634],"acf":[],"yoast_head":"\nReverion schlie\u00dft Seed-Runde \u00fcber 7 Millionen Euro ab - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das M\u00fcnchner Cleantech-Startup Reverion hat erfolgreich seine Seed-Runde abgeschlossen. 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