GHGSat is a leader in high-resolution remote sensing of greenhouse gas emissions from space, pioneering the technology to monitor these emissions at the facility level. As a commercial constellation, GHGSat's satellites offer data and intelligence to businesses, governments, and investors to optimize performance and meet environmental standards. GHGSat partners with organizations like the UK Space Agency and utilizes technology developed by the University of Toronto's Space Flight Laboratory, providing methane emission data to entities such as UNEP's IMEO and various oil and gas companies.
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KSAT operates for clients in challenging environments, including ESA’s Arctic Weather Satellite and GHGSat’s greenhouse-gas monitors.
The new financing will support GHGSat's rapid global expansion.
GHGSat secured $47 million CAD (approximately $34 million US) in new financing.
The new financing will enable the continued evolution of GHGSat's satellite technology and analytics services.
ExxonMobil committed to using GHGSat’s satellites for methane monitoring in Canada, the United States, Indonesia, and Papua New Guinea.
The debt funding for GHGSat was led by the National Bank of Canada, with support from Export Development Canada.
GHGSat will use the new funding to fuel its global expansion and develop satellite technology and analytics services.
GHGSat's satellites are optimized to detect methane leaks as small as 100 kg/hr.
GHGSat has mitigated over 20 megatons CO2E of methane since it began operations.
GHGSat's mitigation of methane emissions is equivalent to the annual emissions from over 4.6 million cars.
GHGSat sent its 13th and 14th satellites, Pierre (C-12) and Valmay (C-13), to space in June 2023.
GHGSat operates 14 satellites that were launched since 2016.
GHGSat searches for emissions of methane and other greenhouse gases using satellites.
Equity funding for GHGSat was provided by Yaletown Partners, Fonds de solidarité FTQ, and BDC Capital.
GHGSat plans to have 21 satellites in orbit by 2026.
GHGSat has raised a total of $173 million CAD in equity and debt financing since 2011.
GHGSat announced $47 million in new financing on September 15, 2023.
GHGSat differentiates itself by offering a high revisit rate and sensitive detectors on board its satellites.
GHGSat operates a constellation of 12 satellites including Vanguard and monitors industrial facilities while sharing data with NASA, ESA, the United Nations, and the oil and gas industry.
Canada’s GHGSat operates a constellation of 12 satellites to monitor industrial greenhouse gas facilities.