Scale-up Direct: KfW Capital invests in Reverion alongside UVC Partners

KfW Capital is investing in Reverion alongside its portfolio partner UVC Partners through the Scale-up Direct programme. The investment is being made as part of the venture capital pillar of the Deutschlandfonds and represents a further direct investment by KfW Capital via the new co-investment programme.

Reversible fuel cell systems

Reverion develops reversible power plants based on solid oxide fuel cells. The company’s technology can generate power with best-in-class efficiency from natural or renewable gases and, in reverse operation, use surplus electricity in the grid to produce renewable gases such as hydrogen.

Through this investment, KfW Capital, together with UVC Partners, is supporting the company’s further scaling up.

Lukas Reckers, Investment Associate at KfW Capital, says:

“Biogas retrofits, large-scale utility applications and potentially data centers are attractive use cases for Reverion’s power plant technology. With its high efficiency, operational flexibility and reversibility, the technology can address several relevant energy market segments. The team has demonstrated strong execution capabilities, and we look forward to supporting the company in its next phase of scaling.”

Stephan Herrmann, CEO and co-founder Reverion:

“Solar and wind can provide clean power, but their output depends on the weather. What the world really needs is clean electricity available whenever it’s required. With this Series B, we’re building the groundwork for industrial-scale manufacturing. Our goal is to develop a dispatchable, carbon-negative system to help power grids and heavy industry run on 100% clean energy around the clock, 365 days a year. The funding will also enable us to build an additional production site and further expand our technology into the megawatt range. This, in turn, will open up entirely new markets for Reverion.”

Johannes von Borries, Managing Partners, UVC Partners:

"Most people looked at Reverion and saw a biogas company. What we saw was probably the world's most efficient carbon-neutral power production, and the best replacement for conventional solutions. This system is applicable to a wide range of use cases, from biogas to power plants to data centers. Reverion outperforms similar players in the market that have reached multi-billion valuations. That shows us clearly that Europe can not only keep pace in DeepTech, but actually take the lead.”

The investment is being made jointly with UVC Partners a long-standing fund manager in KfW Capital’s portfolio.

Scale-up Direct strengthens Europe’s technology leaders

The investment is being made through the Scale-up Direct programme, which forms part of the venture capital pillar of the Deutschlandfonds. The Deutschlandfonds mobilises private capital to strengthen Germany’s competitiveness and future viability. Scale-up Direct supports innovative, high-growth technology companies in strategically important future-oriented sectors in successfully financing their next phase of growth.

With its investment in Reverion, KfW Capital is continuing to focus on companies that, aims to mobilise private capital and strengthen the financing of technology companies in strategically important future-oriented sectors.

Sonja Höpfner
Spokeswoman and communications manager

Tel: +49 69 7431 4396