Eden

Eden

A leader in sustainable natural resource recovery, breaking rocks with electricity to maximize subsurface permeability. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$48—72m (Dealroom.co estimates Oct 2023.)
Somerville Massachusetts (HQ)
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DateInvestorsAmountRound
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N/A

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$100k

Support Program
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$750k

Seed
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$790k

Grant
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$3.5m

Grant
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$12.0m

Seed
*
N/A

$9.2m

Grant
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$1.4m

Grant
Total Funding$27.8m

Recent News about Eden

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Eden GeoPower is a pioneering company in the field of sustainable natural resource recovery. The company operates in the energy sector, specifically focusing on geothermal energy and critical mineral extraction. Eden GeoPower's core technology, Electrical Reservoir Stimulation, enhances subsurface permeability by breaking rocks with electricity, thereby increasing the recovery of natural resources while minimizing environmental impact. This technology is particularly significant in the context of global efforts to achieve carbon neutrality by 2050. Eden GeoPower serves clients in the energy and mining industries, including those focused on geothermal energy and critical minerals. The company operates primarily in the MENA (Middle East and North Africa) region, which has a significant renewable geothermal potential. Eden GeoPower's business model revolves around providing its proprietary technology to energy and mining companies, thereby improving the economics of resource recovery and contributing to environmental sustainability. The company generates revenue through technology licensing, service contracts, and partnerships with industry stakeholders. Eden GeoPower's team comprises leading innovators from the MIT Earth Resources Laboratory and professionals with extensive experience in the petroleum industry. The company is dedicated to fighting climate change and making a positive impact on underprivileged and marginalized communities.

Keywords: geothermal energy, Electrical Reservoir Stimulation, sustainable recovery, natural resources, carbon neutrality, MENA region, critical minerals, environmental impact, energy technologies, MIT innovators.