Reverion raises $175M to scale carbon-negative power plants

Reverion has announced a $175 million Series B financing round to scale its dispatchable, carbon-negative power plants and expand manufacturing in Germany.

• The round is led by Kembara; Allianz, KfW Capital, Aurum Impact and Carbon Equity are new investors, alongside existing backers Extantia, Energy Impact Partners, UVC Partners, EIC Fund, alfa8 and Possible Ventures.
• The company says most of the capital will fund a new production site in Germany with 250 MW annual manufacturing capacity and up to 800 jobs; it also says the technology is being positioned for data center on-site power use and that seven commercial plants are already operating.
• The article appears to be a company press release / funding announcement, not commentary, and it states the funding is intended to support scaling to the megawatt class and a tenfold increase in production capacity.