A deployment accelerator
We invite start-ups and venture companies to present at OGCI Climate Investments’ Venture Day on Monday 25 June 2018 in Washington, DC, USA.
OGCI Climate Investments and our venture partners invite companies with promising technologies and/or business models in the areas of methane detection, measurement and mitigation along the energy value chain to submit ideas or funding proposals. We will select a shortlist of 10–15 companies for presentation and discussion on Venture Day.
OGCI Climate Investments is committing USD 20 Million to invest in selected technologies and business ideas; in addition our partners are committed to piloting/deploying technologies which have reached appropriate maturity.
Due date for submissions:
Natural gas is a low-carbon energy source which is already helping to make substantial reductions in CO2 emissions. However, there is potential for further lowering the methane footprint of natural gas which accounts for approximately 9% of global anthropogenic greenhouse gases and has a climate change impact ~28 times greater than carbon dioxide over a 100-year period.
Anthropogenic methane emissions
Source: IEA WEO 2017
2nd most prevalent manmade greenhouse gas after CO2
Traps 28 times more heat in the atmosphere than CO2 (GWP 100 years)
Accounts for 32% of climate forcing
Short-lived climate pollutant, with atmospheric lifespan* of 12 years
Source: IPCC AR5 2013
To expedite action, OGCI Climate Investments will invest in technologies and solutions to reduce methane emissions across the value chain from well to point of use. Additionally, we will work with our oil and gas member companies and third parties to validate and deploy solutions.
Our Areas of Focus
We are looking for novel, effective technologies and business solutions to address methane detection, measurement and mitigation across the gas value chain. Successful companies will benefit from funding, technical expertise, and potential deployment and piloting opportunities.