Eden

Overview
Oil & Gas Tech?
Product stageSegments
Early
?
Exploration and drilling tech (Upstream)
?

Eden's core offering is its proprietary ERS technology, which represents an evolution from traditional hydraulic fracturing methods. Unlike conventional techniques that rely on water-intensive processes and create uncontrollable fractures, ERS uses electricity to precisely target specific subsurface areas and control the direction of the generated fracture network. This approach significantly reduces water consumption, carbon emissions, and seismic risks associated with hydraulic fracturing.

The ERS technology involves injecting high-voltage electricity into the rock formations, causing vaporization and creating enhanced permeability pathways. This process is coupled with advanced 3D reservoir modeling, geophysical monitoring, and proprietary injection strategies to maximize the stimulated reservoir volume and optimize resource recovery.

Eden's solution offers numerous benefits, including substantially lower fluid and proppant transportation requirements, reduced emissions from wastewater treatment, and decreased pumping horsepower needs. As a result, the technology boasts a smaller environmental footprint compared to traditional hydraulic fracturing operations.

In addition to its core ERS technology, Eden provides geothermal resource assessment and exploration services, leveraging its expertise in subsurface permeability enhancement across various industries.

Key customers and partnerships

Eden has secured multiple contracts for deploying its ERS technology in the Middle East region, including partnerships with major energy companies in Saudi Arabia and Oman. Notable collaborations include a pilot project with Petroleum Development Oman (PDO) to test the technology on multiple wells, as well as engagements with SLB for geothermal resource exploration in Oman and a carbon sequestration pilot with the Omani company 44.01.

Furthermore, Eden has established strategic alliances with organizations such as the US Department of Energy (DOE) and the National Science Foundation, receiving significant funding support for research and development initiatives. The company also collaborates with academic institutions like the Massachusetts Institute of Technology (MIT) to advance its cutting-edge technologies.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
444 Somerville Avenue Greentown Labs Somerville MA USA
Founded year:
2017
Employees:
11-50
IPO status:
Private
Total funding:
USD 18.2 mn
Last Funding:
-
Key competitors
 
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