1 The EIC Accelerator Project

Overview of the EIC Accelerator Program

The European Innovation Council (EIC) Accelerator program is a cornerstone of the European Union's commitment to fostering innovation and supporting deep technology startups. This initiative aims to provide funding and support for small and medium-sized enterprises (SMEs) and startups that are developing groundbreaking technologies or business models with high potential for growth, especially those that address societal challenges and contribute to the green and digital transitions.

Funding Structure of the EIC Accelerator

The EIC Accelerator program offers a unique funding structure that combines both grants and equity investments.

Purpose and Role in the Ecosystem

The EIC Accelerator is strategically positioned to bolster the European deep tech and startup ecosystem by providing essential financial support and facilitating access to additional funding from private sectors. The program aims to:

• Stimulate Innovation: By funding high-risk, high-reward projects, the EIC Accelerator fosters innovation that might otherwise struggle to secure funding from traditional sources.
• Enhance Market Competitiveness: The program helps companies refine their business models and technologies, making them more competitive on a global scale.
• Encourage Private Investment: By demonstrating the viability of funded projects, the EIC Accelerator helps attract additional private-sector investments, ensuring that companies can scale effectively.

Case Study: Reverion GmbH

Company Overview

Reverion GmbH, based in Germany, is an EIC Accelerator winner recognized for its innovative approach to energy storage technology. The company focuses on developing reversibly operating fuel cells aimed at providing clean energy solutions and long-term energy storage capabilities.

Project Overview: Reverion

The project, aptly named "Reverion," is centered around creating advanced fuel cells that can operate reversibly. This means that the same system can be used both to generate energy from hydrogen and to store it for later use, addressing two critical challenges in the energy sector: energy generation and storage.

Technology Basics and Background

Reverion's technology involves a novel type of fuel cell that leverages reversible electrochemical processes. Traditional fuel cells convert chemical energy from fuels such as hydrogen into electrical energy, but they typically do not facilitate the reverse process efficiently. Reverion's approach enables the same fuel cell system to effectively operate both as an energy generator and as an energy storage device.

Reverion's participation in the EIC Accelerator program and its successful reception of funding signifies a major step in advancing its innovative fuel cell technology, paving the way for broader adoption and market impact. The backing from the EIC Accelerator not only validates Reverion's technology but also enhances its credibility, making it more attractive to future investors and partners.

2 The Funding Rounds

# Reverion GmbH: Funding Journey Since EIC Accelerator Grant

Reverion GmbH, a German renewable energy company developing reversible, carbon-negative power plants, has experienced significant funding success since receiving the EIC Accelerator grant in October 2022.

EIC Accelerator Funding

Reverion began receiving funding through the European Innovation Council (EIC) Accelerator program in February 2023. The company was selected in the October 5, 2022 cut-off of the EIC Accelerator program. This program, established under the EU Horizon Europe initiative with a €10.1 billion budget, aims to support breakthrough technologies and game-changing innovations.

The EIC Accelerator funding for Reverion included: - A grant component estimated at €2.5 million (October 2022)

Equity investment from the EIC Fund, which also participated in later funding rounds

Funding Rounds and Amounts

Pre-EIC Funding

Before the EIC Accelerator grant, Reverion had secured funding from various investors:

• A seed round of approximately €8.5 million
• July 2022: €7.0 million from Landwärme, Extantia Capital, Doral Energy-Tech Ventures, and Possible Ventures

Post-EIC Funding

After receiving the EIC Accelerator grant, Reverion continued to raise significant capital:

• Series A Round (September 2024): Reverion raised $62 million (approximately €56 million) in an oversubscribed Series A funding round. This round included:
• Lead investor: Energy Impact Partners (EIP)
• New investors: Honda and continued participation from the European Innovation Council Fund (EIC Fund)
• Existing investors: Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures

The Series A funding was designed to enable Reverion to begin serial production of its power plants and fulfill over $100 million in customer pre-orders.

Company Valuation

Reverion's valuation has evolved over time:

• Enterprise valuation was estimated at $37-56 million (as of April 2023)
• A Dealroom.co estimate indicated a valuation of approximately $310 million at some point, though the exact timing of this valuation is not clearly specified in the sources

The company has not undergone any public exit events such as an IPO or acquisition as of May 2025.

Company Background and Technology

Reverion was spun off from the Technical University of Munich in 2022. The company develops solid oxide fuel cell-based biogas-powered plants that achieve up to 80% efficiency in power generation, significantly higher than traditional units. Their technology can:

• Produce and store renewable natural gas or green hydrogen during electricity surplus periods
• Capture CO2 created during power generation
• Offer containerized 100kW/20ft and 500kW/40ft units

Led by CEO and Managing Director Dr. Stephan Herrmann, Reverion is initially targeting farmers with biogas plants who face regulatory retrofit demands and limitations of traditional technologies. The company has collected over $100 million in customer pre-orders and is planning global expansion beyond its initial German market.

Sources: - https://reverion.com/funded-by-eic-accelerator/

• https://eic.ec.europa.eu/system/files/2022-12/EIC%20Accelerator-October%205%202022%20Cut%20Off%20v2.pdf
• https://investny.org/companies/reverion
• https://startups.climate-kic.org/companies/reverion
• https://app.dealroom.co/companies/reverion
• https://reverion.com/reverion-raises-62m-to-enter-serial-production-of-next-generation-renewable-power-plants/
• https://leadiq.com/c/reverion/633096d6ae533e083fbc4f67
• https://www.gigcmo.com/blog/understanding-the-different-types-of-funding-rounds
• https://www.datacenterdynamics.com/en/news/reverion-raises-62m-for-containerized-power-plant/
• https://www.uvcpartners.com/blog/reverion-raises-62m-to-enter-serial-production-of-next-generation-renewable-power-plants

3 The Press Releases

Reverion GmbH: A Pioneer in Carbon-Negative Energy

Reverion GmbH, located in Germany, is a notable winner of the European Innovation Council (EIC) Accelerator funding in October 2022. This funding marked a significant milestone for the company, which is dedicated to developing innovative solutions for carbon-negative power generation.

Technology and Mission

Reverion's mission is to make carbon-negative power generation possible at scale, focusing on becoming the first cost-competitive Bioenergy with Carbon Capture and Storage (BECCS) technology in the market. The company starts with biogas, a renewable energy source capable of providing both secure base load and control power for fluctuating wind and photovoltaic energy inputs. As a spin-off from the Technical University of Munich, Reverion has developed and patented an all-in-one power plant with several key features:

Reverion's power plants are designed as standardized container units for series production and plug&play installation, making them easy to integrate into existing infrastructure.

Funding and Partnerships

Following the EIC Accelerator funding, Reverion secured an additional €8.5 million in a funding round led by UVC Partners, Green Generation Fund, Extantia Capital, Doral Energy-Tech Ventures, and biomethane trader Landwärme GmbH. This investment aims to accelerate the production of its 100 kW and 500 kW biogas power plants. Besides this, Reverion also received €12 million in regional, national, and European grant funding.

Reverion partnered with Landwärme to win the German Gas Industry Innovation Award in the "Sustainable Generation" category for their joint project involving carbon capture and storage (CCS). This project is expected to capture about 10,000 tons of CO2 annually.

Press Releases and Updates

Reverion has been featured in various news outlets and press releases, highlighting its innovative technology and funding achievements. One notable press release announced its participation in the EIC Accelerator program, emphasizing the company's plans to leverage the program's comprehensive support framework for scaling its technology.

Patents and Technology Advancements

Reverion's patented technology includes the development of reversible fuel cells that can both generate electricity from biogas and produce green hydrogen or methane from excess renewable energy. This technology is a significant advancement in the field of carbon-negative energy production.

Team Updates

While specific team updates are not detailed, Reverion's leadership includes Stephan Herrmann as the founder and CEO, who focuses on integrating Reverion's technology into a regenerative energy system. Felix Fischer serves as the co-founder and COO, overseeing operational aspects such as production and scaling.

Sources

• EIC Accelerator winners and statistics October 2022
• Reverion is Being Funded in the EIC Accelerator Program
• Reverion and Landwärme awarded with the 2022 German gas industry innovation award
• Reverion has raised €8.5 million for the production of its biogas power plants
• Reverion

4 The Technology Advancements

Reverion GmbH: A German Pioneer in Renewable Energy

Reverion GmbH, a German climate tech startup, has been making significant strides in the renewable energy sector since its inception in 2022. The company specializes in developing innovative, carbon-negative power plants that utilize biogas and excess solar or wind energy to generate electricity and produce green hydrogen or methane.

Current Capabilities

Reverion's technology features solid oxide fuel cells that achieve an efficiency of up to 80% in power generation, significantly surpassing traditional gas engines. Their modular power plants are containerized, available in 100kW and 500kW units, and can operate in reverse mode to produce and store renewable natural gas or green hydrogen during surplus electricity periods. This reversible capability enhances grid flexibility and supports a more sustainable energy future.

Advancements Since EIC Accelerator Funding

Since receiving funding from the European Innovation Council (EIC) Accelerator program in early 2023, Reverion has continued to advance its technology and scale its operations:

• Series A Funding: In September 2024, Reverion raised $62 million in a Series A funding round led by Energy Impact Partners, with participation from Honda and the European Innovation Council Fund. This investment will support the serial production of its innovative power plants and help meet over $100 million in customer pre-orders.
• Global Expansion: The company is planning a global expansion, tailoring strategies to regional regulations, following strong demand in Germany.
• Technology Enhancements: Reverion's technology has been recognized for overcoming traditional limitations in biogas power generation, doubling electricity output compared to conventional solutions.

Market Demonstrations and Technology Validation

Reverion has demonstrated its technology through successful field tests and the delivery of its first commercial units. The company's focus on farmers and industrial clients has garnered significant interest, with pre-orders exceeding production capacity until 2025.

Patents and Scientific Publications

While specific details on new patents or scientific studies are not widely published, Reverion has been recognized for its innovative approach, winning prestigious awards such as the XPRIZE Carbon Removal Competition.

Conclusion

Reverion GmbH is at the forefront of developing carbon-negative, reversible power plants, leveraging biogas and renewable energy sources. With significant funding and a strong market presence, the company is poised to become a leader in the renewable energy sector.

Sources:

• Reverion: Home
• Reverion Raises $62M to Enter Serial Production of Next-Generation Renewable Power Plants
• Reverion Raises $62m for Containerized Power Plant
• Reverion Raises $62 M to Scale Its Reversible, Carbon-Negative Power Plants
• Reverion is Being Funded in the EIC Accelerator Program
• Reverion Raises €8.5 Million for Biogas Power Plants
• Climate-Positive Power

5 The Partnerships and Customers

Overview of Reverion GmbH

Reverion GmbH is a German climate tech start-up based in Eresing, Bavaria. It specializes in developing and manufacturing innovative power plants using biogas, focusing on high-temperature fuel cells and electrolysis systems. Since receiving EIC Accelerator funding in October 2022, Reverion has continued to grow and form strategic partnerships.

Partnerships

Customers and Market Position

Reverion primarily targets the biogas market, initially focusing on Germany, which is the world's leading biogas market. The company has secured over €60 million in pre-orders, indicating strong demand for its technology. While specific new customer names are not publicly disclosed, there is substantial interest from international prospects.

New Relationships and Market Positioning

The strategic partnership with Bilfinger SE and the collaboration with Weidmüller are expected to enhance Reverion's market position by scaling its technology on an industrial level and increasing its global reach. These partnerships provide Reverion with comprehensive industrial services and advanced technology solutions, which will be crucial for achieving its goal of becoming a global leader in renewable energy.

Technology Advancements and Scaling

The partnerships will help Reverion advance its technology and scale its operations in several ways:

• Improved Efficiency: Weidmüller's automation and monitoring solutions enhance the efficiency and safety of Reverion's power plants.
• Industrial Scale-Up: Bilfinger's services will facilitate the conversion of existing biogas plants to Reverion's technology, allowing for faster market entry and expansion.
• Global Reach: The partnerships are expected to help Reverion expand beyond Germany, leveraging Bilfinger's and Weidmüller's extensive networks to reach international markets.

Funding

Since receiving the EIC Accelerator funding, Reverion has secured additional investments, including €8.5 million for series production and $62 million in a Series A funding round. In March 2025, Reverion received €19.5 million from the European Innovation Fund.

Conclusion

Reverion's partnerships with Bilfinger and Weidmüller, alongside its funding successes, position it for significant growth in the renewable energy sector. These relationships will enhance Reverion's technological capabilities, expand its market reach, and support its goal of revolutionizing baseload power generation globally.

Sources: - Reverion Raises EUR 8.5 Million

• Bilfinger and Reverion Sign Letter of Intent
• Reverion Secures $62M In Funding
• Reverion Raises €8.5 Million
• Reference Story Reverion
• Bilfinger and Reverion Enter Strategic Partnership
• Organization Profile - Net Zero Insights
• News - Reverion

6 The Hiring and Company Growth

Reverion GmbH: Growth Trajectory Post-EIC Accelerator Funding

Since securing EIC Accelerator funding in October 2022, Reverion GmbH, a Munich-based climate tech spin-off from the Technical University of Munich, has advanced its mission to commercialize carbon-negative fuel cell technology. While specific headcount figures are not publicly disclosed, the company’s rapid scaling is evident through its €8.5 million funding round in April 2023, which accelerated series production of its 100 kW and 500 kW biogas power plants.

Key Growth Indicators

• Funding Momentum: Reverion raised over €7 million in seed funding prior to its €8.5 million Series A-equivalent round, with additional research grants totaling €12 million to develop larger-scale systems.
• Pre-Order Pipeline: The company holds over €60 million in pre-orders for its containerized power plants, indicating substantial market demand and necessitating production-line expansion.
• Operational Milestones: Pilot tests for its 100 kW plant began in October 2023, with serial production now underway.

Hiring & Team Expansion

Though exact team size remains unspecified, Reverion’s transition from R&D to manufacturing suggests strategic hires in engineering, operations, and supply chain management. The company emphasizes close collaboration with industrial partners such as HELUKABEL for component integration, implying cross-functional team growth to support scaled production. Notably:

• Leadership Stability: Co-founders Stephan Herrmann (CEO) and Felix Fischer (COO) remain central to operations, with no reported management changes post-funding.
• Investor-Driven Scaling: Backing from UVC Partners and Extantia Capital provides access to industrial networks critical for talent acquisition and supplier partnerships.

Strategic Impact of New Hires

While specific roles are undisclosed, new hires likely focus on enhancing manufacturing capacity and optimizing energy-storage efficiency (up to 75% round-trip efficiency using hydrogen). These additions align with Reverion’s goal of deploying gigawatt-scale renewable capacity globally while maintaining carbon-negative operations via integrated CO2 capture.

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Sources
Reverion Raises EUR 8.5 Million | SpinLab Alumni Funding Announcement | HELUKABEL Partnership | Seed Funding Details

7 The Media Features and Publications

Reverion GmbH: Media Features, Publications, and Event Participation Since EIC Accelerator Funding

Since securing EIC Accelerator funding in October 2022, Reverion GmbH has gained significant visibility through media coverage, interviews, and industry events. Below is a detailed breakdown of their public engagements and mentions:

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Media Features & Publications

• Carbon-Negative Power Plant Coverage: Multiple outlets reported on Reverion’s $62 million Series A funding in September 2024 for its modular biogas-to-energy systems. Articles emphasized their 80% energy efficiency and reversible operation for hydrogen/methane production.
• Tech.eu Highlight: Framed Reverion as a leader in carbon-negative energy solutions using solid oxide fuel cells to convert biogas into electricity while capturing CO₂.
• CHEManager Interview: Felix Fischer (COO) detailed the company’s origins as a TUM spin-off and explained how their technology enables grid flexibility through biogas optimization.
• The Next Web Feature: Described Reverion’s containerized systems (100kW–500kW) that capture biogenic CO₂ for use in sustainable aviation fuels or storage.

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Podcasts & Interviews

CHEManager Interview (May 2023): Fischer discussed Reverion’s mission to achieve 100% renewable energy by maximizing biogas potential through electrochemical conversion.

(No direct podcast links are provided in sources, but interviews with leadership are frequently cited in written publications.)

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Conference & Fair Participation

• Falling Walls Profile: Recognized for developing the first cost-effective BECCS (Bioenergy with Carbon Capture and Storage) technology using modular power plants. While no specific event dates are listed, this inclusion suggests participation in high-profile innovation forums.
• Strategic Partnerships: Announced a letter of intent with Bilfinger (industrial services firm) in September 2023 to scale plant deployments, likely involving joint presentations at industry events.

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Event Involvement

Though specific conferences aren named explicitly:

• The European Innovation Fund awarded €19.5 million to Reverion in March 2025 for scaling production, implying involvement in EU clean-energy policy discussions or grant-related showcases.
• Pre-Series A announcements (April 2023) coincided with media outreach campaigns targeting renewable energy stakeholders.

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Sources Used: Bullet List Format

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