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Calgary night skyline | BetaKit In the fight to reduce methane emissions, SensorUp has raised $12 million CAD in a Series B round. Climate Investment (CI) led the round, while notable BC-based cleantech investment fund Evok Innovations also participated. CI is a specialist investor founded by OGCI, an organization of energy and oil and gas CEOs. It is focused on reducing carbon dioxide in heavy-emitting sectors. Methane emissions reduction is essential as oil and gas companies transition to net-zero operations. SensorUp claims its software solution allows swift detection and mitigation of methane emissions by providing contextualized, integrated, and auditable data for its customers. The round closed in July. The startup said the new funds will accelerate the development and sales of SensorUp’s gas emissions management solution. Methane emissions reduction is essential as oil and gas companies transition to net-zero operations. Methane is a powerful greenhouse gas, second only to carbon dioxide in its overall contribution to climate change. Agriculture is the biggest human-caused emitter of methane globally, followed by fossil fuels burned for energy. Methane is responsible for about a third of current climate warming, according to the International Energy Agency . Calgary–based SensorUp, founded in 2012, developed a […]
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