Orbio Earth launched on Y Combinator's "Launch YC" recently!
"Actionable Methane Intelligence, filling the global methane gap with asset-level emissions data."
Orbio Earth monitors methane emissions with satellites, making it easy for sustainability risk analysts to identify large emission risks in global energy portfolios.
Founded by Robert Huppertz, an Ex-ML Engineer NASA Harvest; Ex-Cervest and Jack Angela, a climate optimist building out product and commercial strategy.
HOW IT WORKS
Orbio helps sustainability and risk analysts identify where in their large energy portfolios the biggest methane emission risks are. Identifying previously unknown risks and doing this on a frequent basis gives these analysts the tools to effectively manage emission risks.
💨 Why methane?
Methane emissions from the energy industry, if prevented would have the climate impact equivalent to taking all cars and trucks off the road globally. It is a short-lived pollutant, therefore stopping this gas getting to the atmosphere is one of the best levers available in the climate change mitigation fight.
🚫 The Problem: Poor data on understanding where emissions occur
Existing data collection processes are manual, involving hand-held cameras on a site, expensive and not frequently available on all 12 million oil & gas assets globally. Poor data collection processes mean poor data.
Existing methane inventories under-represent methane emissions by around 70%. This is preventing sustainability and risk analysts from managing emissions in their global energy portfolios. Mismanagement of these emissions can lead to stock devaluations, stranded assets and increases global warming.
⭐ The solution: Global and frequent methane emissions data
Orbio helps sustainability and risk analysts identify where in their large energy portfolios the biggest methane emission risks are. Identifying previously unknown risks and doing this on a frequent basis gives these analysts the tools to effectively manage emission risks.
🤖 Processing non-methane emission satellite data:
Orbio leverages the power of satellite data. The team have developed an algorithm capable of processing data from satellites not previously designed to monitor methane emissions. Using these satellites enables Orbio to deliver world-leading data across global scales, at an asset level (e.g. an oil well) and on a frequent basis.
📊 Benchmarking assets, operators and countries on methane emission performance:
🗺 Mapping out where these methane emission risks lie in energy portfolios
💰 The opportunity: A growing market being pulled by new regulation
In 2023, a sweep of regulations is being introduced across the globe, putting pressure on the energy industry, financial professionals, and insurers—totaling around 60,000 companies worldwide—to gain a better understanding of the associated emission risks in their energy portfolios.
