Eden, a sustainable natural resource recovery company, has raised $12 million in a seed funding round to scale its electrical reservoir stimulation, or ERS, technology. Eden’s ERS technology uses high-voltage electricity and advanced reservoir monitoring techniques to increase rock permeability, working to improve reservoir productivity and reduce environmental impact compared to traditional hydraulic-fracturing methods.
The U.S. Department of Energy has highlighted the need for new reservoir stimulation techniques to unlock renewable power potential by reducing the cost of geothermal systems. Eden’s technology aims to address this need by enabling targeted permeability enhancement in geologic reservoirs.
TechEnergy Ventures and Helmerich & Payne led the seed funding round. The funding will be used to deploy the ERS technology across various applications, including geothermal, geologic hydrogen, geologic carbon storage and sustainable mining.
