Tracking methane emissions with satellites
Orbio uses satellite imagery to track methane emissions from the oil & gas industry. We sell the data to financial companies that want to invest into the best performing energy companies. Until today, oil & gas companies use excel-based emission factors to calculate and report their emissions. As these excel-based emission factors underestimate actual emissions by ~70%, the finance companies that invest into oil & gas can’t mitigate against incoming risks from new regulations, We have built a technology that can for the first time use satellite images to track methane from every single oil & gas facility on the planet, replacing emission factors and allowing finance companies to make the best bets on oil & gas companies that will withstand a wide avalanche of incoming regulation. In the summer 2023 our satellite-based technology got ranked #1 both in terms of accuracy and sensitivity of methane emission events by Stanford University in a peer-reviewed study, beating a range of multi-bn dollar competitors like Maxar. Learn more at https://orbio.earth