# Factor2 Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/factor2-energy

- Industry: Renewable Energy
- Headquarters: Duisburg, Germany
- Website: www.factor2-energy.com
- Total disclosed funding: $9.1M
- Latest round: Seed (Jun 4, 2025)
- Investors on record: 5

## About

Based in Germany, Factor2 Energy GmbH specializes in innovative geothermal power generation, utilizing CO2 as a working fluid to provide emission-free, reliable energy solutions.Factor2 Energy GmbH, founded in 2025 and headquartered in Duisburg, Germany, focuses on geothermal power generation. The company was established to leverage CO2 in creating energy, marking a pivot towards sustainable energy solutions. In June 2025, Factor2 raised USD 9.1 mn in a Seed funding round led by At One Ventures, with participation from High-Tech Gruenderfonds, Grunderfonds Ruhr, Siemens Energy Ventures, and Verve Ventures. The total amount raised by the company is USD 9.1 mn, with a current valuation of USD 16.24 mn.Factor2 Energy specializes in geothermal power generation utilizing CO2 as a working fluid, transforming it into a resource for energy production. Their offerings include emission-free and baseload-capable power, targeting regions with geothermal potential. This approach enhances energy independence and creates skilled jobs in local economies, catering to markets requiring reliable green energy solutions.Factor2 Energy generates revenue through partnerships and contracts within the energy production and carbon management sectors, deploying geothermal technology for clients. Their revenue model often includes long-term agreements for power purchase, supporting clients' sustainable energy goals while reducing carbon footprints. The company’s advanced geothermal plant systems are central to these transactions, servicing utility companies and industrial users.In June 2025, Factor2 Energy GmbH raised USD 9.1 mn in Seed funding to further develop its technology. Going forward, the company plans to expand its product offerings and enter new markets where geothermal potential exists. The funding will specifically support these initiatives, enhancing their technological capabilities and accelerating growth in promising regions.

## Funding rounds

- Seed, Jun 4, 2025, $9.1M — High-Tech Gruenderfonds, At One Ventures, Verve Ventures, Siemens Energy Ventures, Grunderfonds Ruhr

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- At One Ventures (https://capitalatlas.ai/funds/at-one-ventures) — Seed
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Seed
- Siemens Energy Ventures (https://capitalatlas.ai/funds/siemens-energy-ventures) — Seed
- Grunderfonds Ruhr — Seed