Fuel cell technology startup Reverion announced today that it has raised $175 in a Series B funding round, with proceeds aimed at significantly scaling up production of its power plants, capable of generating carbon negative energy to power industrial sites and data centers. Founded in 2022 as a spin-off from the Technical University of Munich, Germany-based Reverion develops power plants based on solid oxide fuel cell (SOFC) technology that can generate electricity from biogas, natural gas or hydrogen. The systems also capture CO2 in the fuel stream for re-use or permanent storage. According to Reverion,when operated using biogas and combined with permanent storage of the captured biogenic CO2, the process can generate negative emissions. The company said that its solution is also reversible, enabling its plants to switch from electricity generation to electrolysis and use surplus electricity to produce hydrogen or methane for storage, enabling the system to generate power when renewable electricity supply is insufficient and to convert excess power into storable gases when there is excess renewable electricity on the grid. According to Reverion, its solid oxide fuel cell power plant technology converts biogas, natural gas, or hydrogen into electricity on demand at a world-record electrical efficiency of...

At 49.3x 2026E P/E, Three-Circle prices in both MLCC upturn and SOFC ramp. But near-term MLCC upside relies on consumer displacement, not AI premium; SOFC volumes hinge on Bloom delivery cadence. Trac...