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Satnews Daily
October 2nd, 2018

GHGSat's Funding of US$10 Million Led by OGCI Climate Investments with Plans for Satellites in 2019


GHGSat, a Canadian company providing global emissions monitoring services, has received funding that will enables them to accelerate commercialization efforts, expand its custom analytics services for its increasing customer base, as well as fund the launch of an additional GHGSat satellite.

In 2016 GHGSat launched the world’s first satellite designed to measure greenhouse gas emissions from industrial facilities around the world. This demonstration satellite will be followed starting in 2019 by two new satellites as well as an aircraft sensor.

The US$10M Series A2 financing was led by OGCI Climate Investments, Schlumberger Space Angels, and the Business Development Bank of Canada. To date GHGSat has raised over US$20M including financing from the governments of Canada and Alberta. The US$10M Series A2 financing was led by OGCI Climate Investments, Schlumberger Space Angels, and the Business Development Bank of Canada. To date GHGSat has raised over US$20M including financing from the governments of Canada and Alberta.

Stéphane Germain CEO of GHGSat said that this funding accelerates the commercial deployment of their service by growing their team and adding both capability and capacity. It also secures access to some of the largest customers in the world for their services. They’re very excited for this next stage of their growth. GHGSat uses its technology to offer emissions monitoring and measurement services to several sectors including oil & gas power generation mining waste management and agriculture.