Factor2 Energy raises $9.1mn to industrialise geothermal power from stored CO₂
German start-up Factor2 Energy has raised $9.1mn in venture capital to develop a geothermal system based on CO₂ injected into porous geological formations, with the goal of building a pilot power plant in Germany.
| Countries | Allemagne |
|---|---|
| Sector | Énergie Géothermique, Carbone, Stockage géologique, Profonde chaleur |
| Theme | Investissements & Transactions, Financement, Développement de projets |
German company Factor2 Energy has completed a $9.1mn fundraising round to advance its electricity production technology using stored carbon dioxide (CO₂) in deep reservoirs as a working fluid. This seed financing, led by At One Ventures, included contributions from High-Tech Gründerfonds (HTGF), Gründerfonds Ruhr, Verve Ventures and Siemens Energy Ventures.
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