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§ Private Profile · Duisburg, Nordrhein-Westfalen, Germany
Cleantech startup developing CO₂ geothermal power systems for emission-free baseload electricity and CO₂ storage.
Based in Duisburg, Germany, Factor2 Energy develops closed-loop geothermal power systems that utilize supercritical carbon dioxide instead of water to generate emission-free baseload electricity. The company's pressure-driven technology operates at shallower depths of 1.5 to 5 kilometers, which reduces drilling costs and expands the geographic viability of geothermal energy production. Factor2 Energy targets partnerships with multinational oil and gas companies seeking to diversify their assets by utilizing sites with natural carbon dioxide or carbon capture and storage reservoirs. The cleantech startup has raised $9.1 million in seed funding to build a commercial pilot plant, backed by a syndicate of investors that includes At One Ventures, High-Tech Gründerfonds, Verve Ventures, and Siemens Energy Ventures. Factor2 Energy was founded in 2025 by Michael Wechsung, Joerg Strohschein, and Felix Boehmer as a spin-out from Siemens Energy research.
Factor2 Energy has raised $9.1M across 1 funding round.
Factor2 Energy has raised $9.1M in total across 1 funding round.
Factor2 Energy has raised $9.1M across 1 funding round. Most recently, it raised $9.1M Seed in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 19, 2025 | $9.1M Seed | Helen LIN | DR. Ing. Frank Jenner, Gründerfonds Ruhr, Timo Bertsch, Kendra Rauschenberger, Verve Ventures | Announced |
Factor2 Energy has raised $9.1M in total across 1 funding round.
Factor2 Energy's investors include Helen Lin, Dr.-Ing. Frank Jenner, Gründerfonds Ruhr, Timo Bertsch, Kendra Rauschenberger, Verve Ventures.