Eden

What Eden does

Eden GeoPower, Inc. (operating as Eden) is a private, Somerville, MA–based subsurface technology company founded in 2017 that has developed a patented Electrical Reservoir Stimulation (ERS) technology, using high-voltage electrical pulses to fracture rock and enhance subsurface permeability. Unlike conventional hydraulic fracturing, ERS offers directional control over fracture networks, uses no water, and reduces seismic and CO2 intensity, with company-disclosed metrics of 50% lifetime cost reduction, 80% water reduction, 80% lower CO2 emissions, and up to 70% lower formation breakdown pressure versus hydraulic fracturing. The company deploys this single underlying technology across multiple market applications: enhanced geothermal systems (geothermal heat & power and district heating/cooling), stimulated geologic hydrogen, critical mineral mining (in-situ mining and ore preconditioning), geologic carbon storage, and unconventional oil & gas stimulation. Eden has built a 11–50-person team with deep technical credentials (PhDs from MIT, Stanford, Colorado School of Mines, and Clarkson, plus operators from ExxonMobil, Shell, and Schlumberger) and is headquartered at Greentown Labs, the largest clean technology incubator in North America.

Eden monetizes primarily through technology licensing and deployment fees, supplemented by project-based services, with direct enterprise field sales targeting major energy operators, mining companies, and government R&D programs. The go-to-market is enterprise and high-touch, leveraging direct engagement with energy majors, strategic research partnerships with universities and national laboratories (MIT, Idaho National Laboratory, CU Boulder, Colorado School of Mines), and government-funded pilots via ARPA-E and NSF. Eden has raised $21.3M to date — a $12M oversubscribed seed round in October 2023 led by TechEnergy Ventures and Helmerich & Payne, alongside roughly $9.2M in non-dilutive ARPA-E and NSF grants — and has commercial pilots underway with Petroleum Development Oman in the Middle East and an MOU with the Oman Ministry of Energy and Minerals for geologic hydrogen exploration.

Name

Eden

Legal name

Eden GeoPower, Inc.

Website

https://edengeopower.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Eden (Eden GeoPower) is a private subsurface technology company that uses patented Electrical Reservoir Stimulation to enhance rock permeability for geothermal energy, geologic hydrogen, critical mineral mining, carbon storage, and oil & gas applications. The company serves enterprise energy operators, mining firms, and government R&D programs primarily in the US and MENA.

Ownership category

akta.pro rank

Product category

Reservoir Stimulation Services

NAICS

Geothermal Electric Power Generation (221116)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Enhanced Geothermal Systems (EGS) Power Generation (EUACAHAD)

Keywords

• Electrical reservoir stimulation
• Subsurface permeability enhancement
• Geothermal reservoir services
• Geologic hydrogen production
• Waterless rock fracturing

Headquarters

HQ city

Somerville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Technology Licensing and Deployment: ERS technology deployment and licensing to energy companies for geothermal, mining, carbon storage, and hydrogen production applications. Revenue generated through technology deployment fees, licensing agreements, and ongoing technical support services.
2. Project-Based Services: Direct project engagement with energy operators for reservoir stimulation services, including field operations, monitoring, and optimization support.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Eden develops and deploys Electrical Reservoir Stimulation (ERS) technology, a patented process that uses high-voltage electricity to fracture subsurface rock and enhance permeability in geologic reservoirs. The company sells and licenses this technology to energy and mining operators for use in enhanced geothermal systems, geologic hydrogen production, critical mineral mining, geologic carbon storage, and unconventional oil & gas reservoir stimulation.

Product overview

Eden offers a unified technology platform centered on its patented Electrical Reservoir Stimulation (ERS) Technology, which uses high-voltage electricity to enhance subsurface permeability across multiple market applications. The core ERS product serves as the foundational technology deployed across six distinct application services: Geothermal Heat & Power, Geothermal Heating & Cooling, Stimulated Geologic Hydrogen, Critical Mineral Mining, Geologic Carbon Storage, and Unconventional Oil & Gas. Each application leverages the same core ERS technology adapted for specific subsurface resource recovery challenges, enabling Eden to address the energy transition across geothermal energy, clean hydrogen production, critical minerals, carbon sequestration, and traditional oil and gas decarbonization.

Differentiator

Problem solved

Functional benefit

Products and services

• Electrical Reservoir Stimulation (ERS) Technology A patented core technology that uses high-voltage electrical pulses to fracture rock and enhance subsurface permeability, providing precise directional control over fracture networks while reducing water consumption, carbon emissions, and seismicity versus hydraulic fracturing. Sold to and deployed for energy companies, mining operators, and carbon storage developers.
• Geothermal Heat & Power Application service using ERS technology to enable 24/7 baseload renewable power generation from enhanced geothermal systems (EGS) by increasing permeability in low-permeability geothermal reservoirs. Targeted at geothermal power developers and utilities.
• Geothermal Heating & Cooling
• Stimulated Geologic Hydrogen
• Critical Mineral Mining
• Geologic Carbon Storage
• Unconventional Oil & Gas

Quantifiable outcome

• 50% cost reduction compared to hydraulic fracturing over lifetime of field operations
• +11 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Launch AlaskaminorGTM or Marketing Partner · 1 May 2026Selected for Launch Alaska portfolio as part of 2025/2026 Tech Deployment Track, joining 53 companies focused on energy, transportation, and industrial technologies.
• University of Colorado BouldercoreStrategic or Co-development Partner · 1 February 2024Research partnership with Dr. Alexis Templeton's research group to experimentally demonstrate how peridotite rock types respond to electrical reservoir stimulation for hydrogen production. Also includes project on Engineered Geologic Hydrogen Battery for Long-Term Energy Storage.
• Oman Ministry of Energy and Minerals (MEM)coreStrategic or Co-development Partner · 1 September 2023Signed MOU for exploration and production of geologic hydrogen in Oman. Oman provides unique geology (Semail Ophiolite) as test bed for experiments.
• Colorado School of MinescoreStrategic or Co-development Partner · 1 November 2022Sub-awardee on ARPA-E MINER project for carbon negative in-situ mining. Leading Distributed Fiber-Optic Sensing (DFOS) to monitor fracture processes and chemical reactions during ERS operations.
• Idaho National LaboratorycoreStrategic or Co-development Partner · 1 May 2022ARPA-E OPEN 2021 award collaboration to develop electromagnetic reservoir stimulation technology for enhanced geothermal systems. INL provides numerical modeling using MOOSE-based FALCON simulator.
• Massachusetts Institute of Technology (MIT)coreStrategic or Co-development Partner · 1 May 2022Collaborates with MIT Earth Resources Laboratory, MIT Civil and Environmental Engineering Department, and MIT Plasma Science and Fusion Center for ERS technology research and development.
• Phaze VenturesminorGTM or Marketing Partner · 1 January 2020Oman-based venture capital and accelerator program that supported Eden's first steps toward international expansion into the Arabian Gulf region, including collaboration with Petroleum Development Oman.
• Petroleum Development Oman (PDO)coreStrategic or Co-development Partner · 1 January 2020Oman state oil company and first international paid pilot customer for Eden's technology deployment in the Arabian Gulf region.
• Ameren AcceleratorcoreGTM or Marketing Partner · 1 January 2019Energy-focused accelerator program partnership providing $100,000 seed funding, mentorship, and strategic connections in the energy sector. Part of Capital Innovators and University of Missouri System partnership.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Fervo Energy: Fervo Energy is a leading enhanced geothermal systems (EGS) developer using horizontal drilling and advanced stimulation techniques to develop geothermal power. It directly competes with Eden in unlocking low-permeability geothermal resources, sharing the same end customer (geothermal power developers) and overlapping on subsurface stimulation as the core technical challenge.
• Eavor Technologies: Eavor Technologies develops closed-loop geothermal systems that avoid traditional hydraulic fracturing entirely. Both Eden and Eavor target the same low-permeability geothermal resource challenge but with different technical approaches (Eavor: closed-loop; Eden: ERS), making them head-to-head competitors for EGS project developer customers.
• Sage Geosystems: Sage Geosystems develops geothermal energy storage and baseload geothermal power using subsurface pressure management. Both companies target geothermal operators and compete for similar DOE funding pools and project developer customers in the advanced geothermal space.

Broad incumbents

• SLB (Schlumberger): SLB is the world's largest oilfield services company with comprehensive hydraulic fracturing, stimulation, and reservoir evaluation capabilities. While Eden's ERS is differentiated, SLB's OneStim and broader portfolio directly competes for the same oil & gas stimulation budget Eden targets, and SLB has dramatically greater R&D resources to develop alternative stimulation technologies.
• Halliburton: Halliburton is a leading oilfield services provider with extensive hydraulic fracturing and stimulation operations globally. As a broad incumbent, Halliburton's stimulation services compete with Eden in the unconventional oil & gas market and could potentially develop alternative stimulation technologies should ERS adoption scale.
• Liberty Energy: Liberty Energy is a major North American hydraulic fracturing services provider with extensive completions and stimulation operations. It competes with Eden in the unconventional oil & gas stimulation market and represents one of the established players whose market share would be at risk if waterless ERS technology achieves commercial scale.
• CGG (Compagnie Générale de Géophysique): CGG is a global geophysical services company providing subsurface imaging and reservoir characterization. While not a direct stimulation competitor, CGG overlaps with Eden in subsurface characterization work for geothermal and oil & gas operators and represents an incumbent serving overlapping customers.

Emerging players

• Quaise Energy: Quaise Energy is developing deep geothermal drilling using millimeter-wave technology to access superhot rock resources. It targets the same enhanced geothermal market as Eden with a complementary (not direct) technical approach, and competes for DOE funding, geothermal operator partnerships, and technical talent.
• GA Drilling: GA Drilling develops plasma-based drilling and well intervention technology for geothermal and oil & gas applications. It addresses similar subsurface access challenges to Eden's ERS, both targeting waterless or reduced-footprint stimulation, and competes for clean-tech geothermal investment and project developer attention.

Others

• Helmerich & Payne: Helmerich & Payne is a leading drilling rig contractor and Eden's lead seed investor. As a strategic partner/financial backer, H&P offers Eden potential deployment channels into its drilling customer base and is thematically related through drilling and subsurface operations, though it does not directly compete with ERS technology.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/eden_geopower
• LinkedInlinkedin.com/company/edengeotech

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds21 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eden