Over $139 million in transactions as Reverion secures Series A funding & other news from cleantech firms

Reverion Secures $62 Million to Build Carbon-Negative Power Plants

Reverion, a German-based company developing reversible carbon-negative power plants, has raised $62 million in an oversubscribed Series A round, including non-dilutive funding. The round was led by Energy Impact Partners (EIP) and participated in by Honda, the European Innovation Council Fund (EIC Fund), Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures.?

Reverion’s high-temperature fuel cell system can achieve up to 80% efficiency in power generation and store renewable gases, like green hydrogen, while capturing CO2 to enable carbon-negative energy production. The funds will help begin serial production to meet over $100 million in pre-orders from farmers and industrial customers. https://bit.ly/4erEii1

Battolyser Systems Secures $33.3 Million Series A to Scale Hydrogen Technology

Battolyser Systems, a Netherlands-based company developing the world’s only electrolyser with battery functionality for low-cost green hydrogen production, raised $33.3 million in a Series A round led by Global Cleantech Capital, Innovation Industries, and Invest-NL.?

The funding will support scaling operations and launching its next-generation 2.5MW and 5MW electrolysers in 2025. This Series A follows a $44.4 million financing agreement with the European Investment Bank (EIB). The Battolyser technology enhances flexibility by switching on and off with intermittent renewable energy, reducing hydrogen costs and easing grid congestion, supporting the Netherlands’ energy transition. https://bit.ly/4eot0es

UK's tem. Secures $13.86 Million to Expand AI-Powered Renewable Energy Platform

tem, a UK-based AI platform enabling businesses to buy energy directly from renewable generators, has raised $13.86 million in a Series A round led by Atomico, with participation from AlbionVC, Revent, and angel investors Holly and Sam Branson, Wise CTO Harsh Sinha, and CPO Nilan Peiris.?

tem’s proprietary algorithm processes 1.8 billion matches per second, offering businesses up to 25% savings on energy bills while ensuring 100% renewable, traceable energy. https://bit.ly/3znq56O

PowerX Raises $17.47 Million in First Half of Series C to Expand Battery Energy Storage Solutions

PowerX, a Japan-based energy storage company, has raised $17.47 million in the first half of its Series C funding round through a third-party allotment. The round includes new investments from Toda Corporation, SMBC Nikko Securities Inc., and a financial institution, along with additional investments from existing shareholders such as Frontive Holding, Spiral Capital, and Chugin Capital Partners.?

This brings PowerX's total funding to approximately $184 million. The funds will support mass production and deployment of its battery-powered ultrafast EV chargers and stationary energy storage systems, contributing to Japan’s renewable energy transition. https://bit.ly/47wLF5v

Elum Energy Secures $13 Million in Series B to Expand Renewable Energy Management Solutions

Elum Energy, a France-based provider of advanced energy management solutions for renewable systems, has raised $13 million in a Series B round led by Energize Capital. Existing investors Alter Equity and Cota Capital participated. The funds will support Elum’s global expansion, including a U.S. launch and further development of its energy storage and EV integration products.?

Elum’s technology optimises solar PV, energy storage, and hybrid projects across commercial, industrial, and utility-scale installations. With over 2,500 projects in 50 countries, Elum aims to address the growing demand for efficient renewable energy management. https://bit.ly/4e0JOZ8

This marks the second-to-last edition of Endow's Sustainable Investment Newsletter. I'm grateful for your support and the valuable connections we've made over the years.

Starting next month, I'll be transitioning into a full-time role with Candi Solar, focusing on renewable energy in emerging markets. While the newsletter ends, I plan to share occasional updates on LinkedIn. If you'd like to stay connected, please connect with me here: LinkedIn Profile

Thank you again for your support.

KJ

Endow Capital meets the most pressing global development issues by matching innovative companies with impact capital, achieved by its corporate finance advisory and strategic consulting services. Find out more about our work .