€5.1M Secured by Atmio for Methane Detection and Remediation Initiatives

Atmio, a pioneering operating system dedicated to the detection, remediation, and reporting of methane emissions, has recently announced that it has raised €5.1 million in a Seed funding round, bringing the company’s total funding to over €6.4 million. This significant investment underscores the importance and urgency of addressing methane emissions, which are a potent greenhouse gas and a major contributor to global warming.

Methane is the primary component of natural gas, widely used by natural gas companies to generate electricity and heat homes. Methane leakages mainly occur due to maintenance issues or broken equipment, such as pipelines or tanks. These emissions are responsible for about one-third of global warming, making methane the second-highest greenhouse gas contributor to climate change after carbon dioxide (CO2). According to the European Commission, 60 percent of global methane emissions result from human activity, with a third of this originating from the energy sector.

Historically, natural gas operators have relied on largely manual methods for leak detection, logging, and repair, responding to methane leaks in their plants. This process is highly time-consuming and often focuses more on safety risks than on detecting smaller leaks that can have significant environmental impacts over time. Although operators have reported methane leaks in the past, they often used rough estimates and did not report on a regular basis.

In May 2024, the European Union announced the EU Methane Strategy, its first-ever regulation on methane emissions reduction in the energy sector. This strategy requires Europe’s natural gas operators to comply with regulations on improved measurement, reporting, and verification of energy sector methane emissions, incorporating mandatory leak detection and repair (LDAR). This regulatory shift highlights the critical need for more efficient and accurate methane detection and reporting solutions.

Atmio addresses this need with its comprehensive operating system, which streamlines methane leak detection and repair processes. Atmio’s solution includes a combination of handheld and stationary monitors, a mobile app, and an integrated management platform, all of which are fully interconnected for automated reporting. This all-in-one system offers end-to-end detection, repair, and logging of all methane leaks, effectively digitizing a previously manual system.

The digitization of methane detection and repair processes by atmio provides several key benefits. Firstly, it saves time by integrating data into day-to-day processes and managing overall repair-related shutdown time efficiently. The software enables operators to manage campaigns, track and manage repairs, and report all works undertaken with just a click of a button. This streamlined process not only improves efficiency but also enhances the accuracy of leak detection and reporting.

Moreover, atmio’s system supports compliance with the new EU Methane Strategy regulations. The platform can handle yearly emission reporting, which is a significant part of the compliance requirements. By providing detailed and accurate reports on methane emissions and the actions taken to mitigate them, atmio helps natural gas operators meet regulatory standards and reduce their environmental impact.

The recent Seed funding round will enable atmio to further develop its technology and expand its market presence. With the increased funding, atmio can enhance its product offerings, improve its technology, and reach more natural gas operators who are in urgent need of efficient methane detection and reporting solutions.

Atmio’s innovative approach to methane emission management is timely and critical, given the growing global emphasis on reducing greenhouse gas emissions and combating climate change. By providing a comprehensive, efficient, and accurate system for methane detection, remediation, and reporting, atmio is positioned to play a crucial role in the energy sector’s efforts to reduce its environmental footprint.

In summary, atmio is revolutionizing the way methane emissions are managed in the natural gas industry. With its state-of-the-art operating system, atmio offers a seamless and efficient solution for detecting, repairing, and reporting methane leaks. The company’s recent funding round highlights the strong confidence in its mission and technology, as well as the urgent need for more effective methane emission management solutions. As regulatory pressures increase and the need for environmental sustainability becomes more pressing, atmio is poised to make a significant impact in the fight against climate change.