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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