DOE is backing LongPath Technologies' new methane monitoring network with a $189 million loan.
Photo credit: William Campbell / Corbis via Getty Images
Photo credit: William Campbell / Corbis via Getty Images
A methane emissions monitoring project spanning six states and 25 million acres is the year's first recipient of financing from the Department of Energy’s Loan Programs Office, which today announced a conditional commitment to loan LongPath Technologies up to $189 million.
With the presumed backing of DOE, Colorado-based LongPath will develop the Active Emissions Overwatch System network across oil and gas production basins in Colorado, Kansas, New Mexico, North Dakota, Oklahoma, and Texas. It will be made up of fifty-foot towers topped with lasers that can monitor around eight square miles. If ultimately finalized, the financing from LPO will support deployment and the installation of lasers covering up to 24,000 square miles.
LongPath’s technology was originally developed with backing from DOE’s ARPA-E office, as well as other DOE grants; its first commercial deployment was in 2020.
The forthcoming project is aligned with the Biden administration’s methane reduction program, created by the Inflation Reduction Act. According to DOE, when compared with optical gas imaging cameras, LongPath’s technology could reduce leaks by 90%.
LongPath said its “radar for methane” solution, though currently being deployed for energy applications, can also be used in other industries like agriculture, waste management, and mining, as well as in urban monitoring.
This comes as methane in particular becomes a major focus of the global effort to cut emissions. Several commitments during COP28 — including a $255 million global flaring and methane reduction fund — lend urgency to the cuts, and could be a boon for the young methane detection sector.