Factor2 Energy

NEWS

Cleantech Startup Factor2 Energy Secures $9.1m to Scale Geothermal Power From Stored CO₂

Factor2 Energy, a Duisburg-based cleantech startup developing an unconventional approach to geothermal power, has raised $9.1 million seed funding to advance its technology and build a pilot plant that uses carbon dioxide as a working fluid instead of water. The round was led by Silicon Valley’s At One Ventures, with participation from High-Tech Gründerfonds (HTGF), Gründerfonds Ruhr, Verve Ventures, and…