Article

Factor2 Energy, a Duisburg-based company, has successfully raised $9.1 million in seed funding to enhance its innovative geothermal power generation system. The funding, led by At One Ventures and supported by several investors, will facilitate the development of a pilot power plant.

The company's unique approach utilizes carbon dioxide instead of water in geothermal cycles, promising greater efficiency and reduced costs. The technology aims to harness geothermal energy from a wider range of geological sites, positioning Factor2 Energy as a key player in the renewable energy sector.