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.

Last year, Quebec Premier François Legault met members of GHGSat at the World Economic Forum in Davos and was impressed by the vision and expertise of the company, which launched its first satellite in 2016. The government’s contribution is intended to support the development and launch of two new Earth observation satellites, the design of an airborne sensor and the implementation of an ambitious analytical development program. This investment, valued at $28 million [US $20.58 million], is the first phase of a major growth project for GHGSat.

The global GHGSat project, which will be carried out in two phases, aims to develop and launch a constellation of 10 satellites, set up a fleet of three airborne sensors, create a suite of software artificial intelligence data analysis and marketing of these products. Ultimately, it will create 173 well-paying jobs, including 52 for the completion of the first phase.

Quotes

“Innovation is a fundamental aspect of Quebec’s economic recovery, which will have to rely on avant-garde projects to stimulate investment and exports and reaffirm its status as one of the most innovative companies. The GHGSat project also provides for the participation of Québec suppliers, who will thus be able to develop their expertise in terms of new satellite platforms. I met with company leaders at the World Economic Forum in Davos last year. We are proud to support them in this promising project for the Quebec aerospace industry. “

François Legault, Premier of Quebec

“To strengthen Québec’s position among the major aerospace companies around the world and to preserve its business environment favorable to investment, we must support the realization of new promising projects like that of GHGSat.” Thanks to its innovative technologies for monitoring gas emissions on industrial sites, the company actively contributes to the fight against climate change. Our government has repeatedly reaffirmed its desire to encourage initiatives that go in this direction and that promote economic development in Quebec. This is what we are doing today by supporting this promising project both for the Quebec economy and for the environment. “

Pierre Fitzgibbon, Minister of the Economy and Innovation and Minister responsible for the Lanaudière region

Highlights

  • The GHGSat company was created in 2011 and its head office is located in Montreal. It currently employs 40 people, including 27 in Quebec.
  • Her first satellite, GHGSat-D, nicknamed Claire, was launched on June 21, 2016. Every day, Claire circles the Earth about 15 times.
  • The GHGSat satellite, nicknamed Iris, will be launched by Arianespace in the coming days, from French Guiana. The company also plans to launch its Hugo satellite a few months later, with the aim of improving the coverage provided by Iris. The contribution from the Government of Quebec announced today will allow the development of two subsequent satellites.