Eden GeoPower LLC, spun out of MIT, is developing a water-less and injection-free reservoir stimulation technology. The company's technology is an alternative to Hydraulic Fracking, aiming to replace Hydraulic Fracking as a method of extracting oil and gas trapped in the subsurface through its technology that uses electric energy to create micro-fractures in the earth's rock to increase permeability. This technology has applications for industries such as cyrptocurrency mining operations, which use a signficant amount of energy. The company aims to develop off-grid renewable geothermal power plants for the cryptocurrency mining industry, which utilizies a significant amount of energy. The firm's solution geothermal power plants can be developed at the same location as a cryptocurrency or blockhain operation, allowing the energy to transfer directly from the plant to the mining operation.
