Methane is a potent greenhouse gas, 100x stronger than CO2. This isn't only a climate issue, it's a financial problem: the gas industry loses $30 billion of gas from methane leaks each year, and investors are demanding climate risk data. However, current technologies don't provide the coverage & frequency needed to cost-effectively address these leaks in a timely manner at scale. Companies can only afford to check for leaks 1-2x/year, allowing them to go undetected for months.
Bluefield's combination of microsatellite-based sensors and AI analytics can pinpoint and monitor methane emission sites at a global scale on a daily basis, with unprecedented accuracy and a resolution of 20 meters. Reducing these methane emissions is currently the biggest opportunity to fight climate change while making a profit, and our data will unlock these opportunities across oil and gas, agriculture, waste, and other major emitters.
Bluefield deploys microsatellites equipped with our proprietary methane sensors, selling access to our data to clients along with alerts and change detection analysis. This data provider business model enables us to provide a range of services to clients all over the world, a global scale that maximizes our customer base and allows us to deliver a far superior product at a lower cost than existing solutions.
In terms of technology, we utilize a proprietary advanced, miniaturized version of Gas Filter Correlation Radiometry (GFCR) sensor technology, a remote gas sensing technique that was previously deployed by NASA in 12 space missions. This is paired with AI data processing trained on our uniquely rich dataset to enhance precision even further, utilizing convolutional neural network machine learning and several other techniques that we’re patenting.
Our technology approach has been validated through lab experiments. We’ve scheduled field and airborne pilots with several customers in 2018, including large oil & gas companies and regulators.
Bluefield provides an unmatched combination of global scale in coverage, frequency of measurement, and precision in detecting methane emissions. Compared to airplane or helicopter-mounted solutions, we provide vastly greater coverage; instead of surveying a specific area of a pipeline system or industrial site, we survey the entire planet. This enables us to achieve global scale and ultimately provide better data at a much lower cost per user.
Compared to government satellites, we offer resolution measured in meters (20 meters), not kilometers, essential for providing actionable information for clients. Other private companies provide satellite monitoring of a range of pollutants; however, because of our selective focus, our sensor offers 100x greater accuracy for methane and much greater coverage and frequency of measurements. Finally, our unique dataset and AI creates a data ‘moat’ preventing competitors from providing our level of analytics.
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