Article

Factor2 Energy, a German technology startup, has obtained venture capital to enhance its innovative geothermal energy system that uses carbon dioxide as the working fluid. This system injects CO2 into geological formations to absorb heat and circulate back to the surface, eliminating the need for energy-intensive pumps.

The heated CO2 then drives a turbine to generate electricity before being reinjected, creating a closed-loop system that produces energy while storing carbon. Factor2's approach potentially doubles the power output compared to traditional geothermal methods.