Satgana leads investment in Orbio Earth €600k pre-seed round
Methane is a powerful greenhouse gas, emitted from a variety of anthropogenic and natural sources. Its presence in the atmosphere affects the earth's temperature and climate system. Over a 20-year period, it is 80 times more potent at warming the Earth than CO2. For years, methane has been overlooked in the climate conversation. But scientists and policymakers are increasingly recognizing that methane reductions are crucial.
With methane emissions accounting for 30% of current global warming, more than 100 countries worldwide committed to a significant reduction of methane emissions by 2030, establishing methane reductions as a “low-hanging fruit” in climate change mitigation. While emission reduction technologies are well established - especially for the oil & gas industry, one key bottleneck to methane reductions is the little amount of reliable emissions data that is available on the global scales of methane-emitting assets.
Detecting, quantifying and reducing methane emissions with Orbio Earth
Germany-based startup, Orbio Earth, is building a solution to monitor global Oil & Gas methane emissions at an asset-level and thus making methane emissions transparent and actionable on a global scale. Co-founders, Robert Huppertz and Jack Angela are purpose-driven and intentional about climate impact.
“Although there is no silver bullet in the fight against climate change, we believe that the global deployment of groundbreaking technologies like satellite-based methane monitoring, can move the needle on climate action while solving real world customer problems and we are excited to have, with Satgana, a strong and committed partner on our side to do exactly that!” - Robert Huppertz, Co-founder at Orbio Earth
By offering data that enables better decision-making, they aim to help the Oil & Gas, and other methane-emitting industries like waste and agriculture, reduce their methane emissions by 10 million metric tons by 2030.
Honing in on a crucial opportunity in the climate fight
Their latest funding round led by Satgana, a Climate Tech Venture Capital firm, comes amid a global push to cut methane emissions as part of the fight against climate change. Romain Diaz, Founder & General Partner at Satgana elaborates on our investment into Orbio:
“Satgana aims to invest in the next generation of climate-positive startups. With the urgency of curbing greenhouse emissions in the short-term and the global momentum towards tackling the methane challenge, Orbio Earth represents a fantastic opportunity to accelerate the deployment of a high-potential technology solution for our planet to keep the goal of 1.5˚C of global warming within reach."
Atmospheric concentration of methane is increasing faster now than ever. Acting now to reduce methane emissions now would have an impact in the near term and is critical for helping keep the world on a path to 1.5°C. As its second portfolio startup, Satgana will support Orbio Earth to accelerate the transition to net zero and help build a scalable, impactful company.
About Orbio Earth
Orbio Earth leverages the power of satellite data and data fusion algorithms to provide trustworthy and actionable methane intelligence for emission reductions and benchmarking efforts. Our proprietary algorithms analyze non-methane-specific remote sensing imagery to create a world-first dataset of high-frequency, multi-scale methane emission detection and quantification for any location on earth. Aggregating the cross-validated methane data on asset, company and supply chain levels allows procurement managers, ESG analysts, asset managers and operators to analyze emissions and reduction opportunities, benchmark companies and make more transparent buying decisions for low-methane oil & gas products.
Website: https://www.orbio.earth/
LinkedIn: https://www.linkedin.com/company/orbioearth/
Twitter: @orbio_earth