Capterio wins prestigious grant from the UK Space Agency
PRESS RELEASE: Capterio is delighted to announce that it has received a prestigious grant from the UK Space Agency to develop further our unique emissions-tracking platform FlareIntel Pro to accelerate emissions reduction within the oil and gas supply chain. Using our novel approach, Capterio helps companies, governments and financial institutions to reduce emissions, create value and accelerate the energy transition. Read the full public announcement here.
Capterio’s award forms part of the UK’s support to companies using earth observation tools not only to understand and mitigate risks, but also to identify opportunities for green financing that could support sustainable business growth.
Minister of State at the Department for Science, Innovation and Technology George Freeman MP, said:
“The great challenges of our time need bold solutions. By backing UK innovators to make the most of modern technology including satellite data, AI, and Earth observation, we are also supporting businesses up and down our country to grow our economy while driving forward our ambition to make the UK a major player in space.”
Dr Paul Bate, Chief Executive of the UK Space Agency, said:
“The UK has a long history of expertise and innovation in Earth observation, developing satellites to collect increasingly detailed data and using that information to build services that help protect our planet. This targeted funding for early-stage innovations is all about supporting fresh ideas and accelerating the rollout of powerful new tools that have the potential to bring benefits to a wide range of users both within and beyond the space sector.”
Dr Mark Davis, Chief Executive of Capterio, said:
“We are delighted to receive this prestigious grant from the UK Space Agency, which will – together with our other partners and collaborators – help us to further our innovative use of satellite data to accelerate focus on eliminating gas flaring globally whilst also making a material reduction to emissions of CO2 and methane”.
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