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Reverion Raises $175 Million to Expand Reversible #FuelCell Plant Production Tenfold

Reverion has closed a $175 million Series B funding round led by Kembara VC to scale its reversible solid oxide fuel cell power plants. The systems generate electricity from gas and can switch to #electrolysis mode to convert surplus power into storable gases.

The funding will support a new German production site with 250MW of annual manufacturing capacity and up to 800 jobs. Reverion plans to increase production tenfold and says its first pre-series units achieved 74.2% electrical efficiency in customer operations.

“By closing this Series B, we are laying the foundation for industrial mass production.”

Read more: https://fcw.sh/0bzZmb

Posted by Morning lark
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