GHGSat Secures US $30 Million in Series B Funding

MONTREAL, 10 September 2020 (GHGSat PR) — GHGSat, the global leader in high resolution greenhouse gas monitoring from space, today announced it has successfully completed the first tranche of Series B funding, raising US $30 million and more than doubling the total amount raised since GHGSat was founded to over US$55m. This latest funding has secured the growth trajectory of the company, enabling it to accelerate construction of its unique fleet of emissions detecting satellites and deployment of analytics to key markets.

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What’s On Board Vega Booster

The European Vega rocket that launched this evening was carrying 53 satellites on its first rideshare mission as part of the Small Spacecraft Mission Service Proof of Concept Flight.

The payloads included 14 Flock 4V Earth imaging satellites from Planet, 12 SpaceBEE Internet of Things spacecraft from Swarm Technologies, and 8 maritime monitoring satellites from Spire.

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CSA Awards Additional Space Technology Development Contracts

by Douglas Messier
Managing Editor

The Canadian Space Agency (CSA) has awarded an additional 10 contracts worth nearly CAD $4.49 million (US $3.3 million) to eight companies under its Space Technology Development Program (STDP).

The awards were in addition to 14 STDP contracts worth just over CAD $9 million (US $6.6 million) the space agency awarded to eight companies last month.

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Quebec Grants $14 Million to GHGSat to Support its Growth

Montréal, June 18, 2020 (Qeubec Government PR) — The Québec government, through Investissement Québec, is injecting $14 million [US $10.29 million] into the GHGSat company, which specializes in detecting gas emissions by satellite or by airborne sensors greenhouse gases and other gases from natural sources or produced by human activity.

The Minister of Economy and Innovation and Minister responsible for the Lanaudière region, Mr. Pierre Fitzgibbon, made the announcement today.

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GHGSat Supplying Methane Emissions Data With Bloomberg

Methane emissions risk index for the Permian Basin now available via Bloomberg Enterprise Access Point

MONTREAL, March 25, 2020 (GHGSat PR) – Today, Montreal-based GHGSat announced that it has begun supplying methane emissions risk predictions data for the Permian Basin with Bloomberg on a weekly basis. GHGSat methane emissions risk predictions have been integrated into Bloomberg’s offerings and are now available via the Bloomberg Enterprise Access Point platform.

The methane emissions risk predictions provided to Bloomberg are delivered as a risk index on a grid averaging 2km by 2km over the Permian Basin. The risk index is calculated using GHGSat’s own satellite measurements of methane emissions, combined with several other sources of data, that are then processed with proprietary algorithms.

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GHGSat Gets Canadian Government Funding for Greenhouse Gas Emissions Satellites

The Canadian government has awarded $3.3 million (US $2.49 million) to a Montreal company developing nano satellites for collecting data on greenhouse gas emissions.

GHGSat is one of 18 clean tech companies to share in $56 million ( US $42.25 million) in funding from Sustainable Development Technology Canada (SDTC) .

“GHGSat’s instrument is designed to operate with limited volume, mass and power budgets typical of nano-satellites and/or unmanned aerial vehicles,” the company said on its website.

“Canadians are leading the world’s transition to a low-carbon economy, and clean technology is part of the solution. Our government is positioning Canadians to seize the opportunities created by cleantech to create good jobs and leave a cleaner planet for our kids,” said Navdeep Bains, Canada’s minister of Innovation, Science and Economic Development.

GHGSat Raises US$10 Million in Finance Led by OGCI Climate Investments

New round accelerates growth as company prepares to launch new satellite and aircraft sensors in 2019

MONTREAL, SEPTEMBER 24, 2018 (GHGSat PR) – GHGSat, a company providing global emissions monitoring services, today announced a US$10M Series A2 financing led by OGCI Climate Investments.

Building on GHGSat’s pioneering achievements in detecting and quantifying greenhouse gas emissions from industrial facilities around the world, the company will use the new capital to accelerate commercialization efforts, expand its custom analytics services for its growing customer base, as well as fund the launch of an additional GHGSat satellite.

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