Reverion Raises $175M to Scale Reversible Hydrogen Power Plants Tenfold

Reverion, a German startup, has raised $175 million in a Series B round to scale its reversible hydrogen power plants. The technology converts renewable electricity into hydrogen for storage, then runs the same system as a fuel cell to generate power when needed. This funding will help the company increase production capacity and deploy units across industrial and grid-scale applications. Reversible fuel cells could play a key role in balancing grids with high renewable penetration. They offer a path to long-duration storage without the need for separate electrolyzer and gas turbine systems. The company claims its design can cut hydrogen production costs significantly while maintaining high round-trip efficiency. As renewables grow, projects like this could become critical for managing curtailment and providing dispatchable power.