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Eden GeoPower focuses on sustainable natural resource recovery in geothermal energy and critical minerals, using Electrical Reservoir Stimulation (ERS) to electrically fracture rocks and increase subsurface permeability for higher resource recovery with lower environmental impact. ERS works by sending electricity into subsurface rocks to create controlled fractures, boosting permeability to access geothermal reservoirs and mineral deposits. It differentiates itself through deep MIT-level Earth Resources expertise combined with petroleum-industry experience and a license-and-service business model, especially in the MENA region where renewable potential is high. Its goal is to help achieve carbon neutrality by 2050 by expanding geothermal energy, improving the economics of resource extraction, and delivering benefits to climate and underserved communities.
Industries
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
Grant
Total Funding
$27.8M
Headquarters
Somerville, Massachusetts
Founded
2017
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Total Funding
$27.8M
Above
Industry Average
Funded Over
7 Rounds
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Eden, a company developing novel techniques to increase permeability and characterize geologic reservoirs, announced today that it has been selected as part of a project team to receive $3,517,450 in federal funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) for a project titled “Integrated Electro-Hydraulic Fracturing and Real-Time Monitoring for Carbon Negative In-Situ Mining”. The funding is part of the ARPA-E MINER program, which prioritizes funding technologies that support novel approaches to increases the mineral yield while decreasing the required energy, and subsequent emissions, to mine and extract these energy-relevant minerals. This project is being led by Idaho National Labs, who has been working closely with Eden to develop the technology for hard rock permeability enhancement applications. Colorado School of Mines is also a sub-awardee on the project, and will be leading a novel effort to utilize Distributed Fiber-Optic Sensing” (DFOS) to monitor fracture processes and chemical reactions in the subsurface during operations of Electrical Reservoir StimulationTM.
Eden, a leader in sustainable natural resource recovery, announced today that it has been selected to receive $1,400,000 in federal funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) for two projects titled “Electric-based Mechanical and Thermal Stimulation to Increase Geologic Hydrogen Reaction Rates in the Samail Ophiolite in Oman” and “Engineered Geologic Hydrogen Battery for Long-Term Energy Storage”. The funding is part of the $20M ARPA-E Geologic Hydrogen program, which prioritizes funding new technologies that stimulate generation of hydrogen in the subsurface, with an emphasis on minimizing costs and reducing environmental footprint. Eden will develop novel stimulated geologic hydrogen technologies to boost production from iron-rich formations like peridotites and develop game-changing solutions for long-term electrical energy storage in geological formations.
National Science Foundation 2415 Eisenhower Ave. Alexandria, VA 22314 USA
BOSTON--(BUSINESS WIRE)--Eden, a leader in sustainable natural resource recovery, announced today that it has been selected to receive $1,400,000 in federal funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) for two projects titled “Electric-based Mechanical and Thermal Stimulation to Increase Geologic Hydrogen Reaction Rates in the Samail Ophiolite in Oman” and “Engineered Geologic Hydrogen Battery for Long-Term Energy Storage”. The funding is part of the $20M ARPA-E Geologic Hydrogen program, which prioritizes funding new technologies that stimulate generation of hydrogen in the subsurface, with an emphasis on minimizing costs and reducing environmental footprint. Eden will develop novel stimulated geologic hydrogen technologies to boost production from iron-rich formations like peridotites and develop game-changing solutions for long-term electrical energy storage in geological formations. Model predictions reveal that the global geologic hydrogen potential exceeds millions of megatonnes (Mt), and only a portion of it is capable of meeting the projected hydrogen demand for centuries. This offers promising opportunities for sustainable energy production and reduced carbon emissions
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Industries
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
Grant
Total Funding
$27.8M
Headquarters
Somerville, Massachusetts
Founded
2017
Find jobs on Simplify and start your career today