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249 Germany’s Factor2 Energy raises €7.7 million to unlock scalable geothermal power from geologically stored CO₂

EU-Startups
David Cendon Garcia @ EU-Startups 3 place · today 05:02 EDT

Germany’s Factor2 Energy raises €7.7 million to unlock scalable geothermal power from geologically stored CO₂

Factor2 Energy, a Duisburg company with an innovative approach to geothermal energy, today announced the successful completion of its Seed funding round, raising €7.7 million in venture capital. The round was led by At One Ventures, with additional investments from High-Tech Gründerfonds (HTGF), Gründerfonds Ruhr, Verve Ventures and Siemens Energy Ventures. “Our approach enables emission-free, ...

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