Reverion Raises $175M Series B to Scale Carbon-Negative Power Plants
German energy startup Reverion raised $175 million in Series B funding led by Kembara to scale reversible solid-oxide power plants and expand manufacturing capacity tenfold.
TL;DR: Reverion announced a $175 million Series B on September 29, 2026, led by Kembara. The company plans to build a new German manufacturing site with approximately 250 MW of annual capacity.
Canonical company profile: Reverion.
The round
Reverion said Kembara led the Series B, with Allianz, KfW Capital, Aurum Impact and Carbon Equity among the new investors.
The round is large for European climate hardware because Reverion is not only developing software or project-finance assets. It is scaling manufacturing for a physical power-conversion system.
What Reverion builds
Reverion develops reversible solid-oxide fuel-cell plants.
The systems can:
- generate electricity from renewable gases;
- operate in reverse to support energy storage;
- capture biogenic CO2; and
- provide dispatchable power.
The company is increasingly positioning the technology around high-load customers such as data centers, where power availability can determine whether compute projects get built.
Why the data-center angle matters
AI data centers need power that is both available and reliable. Grid interconnection queues and local constraints can delay new campuses even when land and capital are available.
Reverion's investment thesis therefore overlaps with the broader AI-infrastructure buildout without being an AI software company itself.
That is why VCT connects the financing to both climate infrastructure and the data-center capital cycle.
What to watch
The key milestones after the Series B are manufacturing output, deployed megawatts, contracted customers and the economics of running the systems at commercial scale.
A $175M venture round validates investor appetite, but operating deployment will determine whether Reverion becomes a major distributed-power supplier.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.
