Kuva was selected from a field of over 30 eligible applicants in the Digital Oil and Gas Technology Competition
CALGARY, Alberta, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Kuva Systems, a leader in methane detection for environmental, social and governance (ESG) and net-zero attainment by the oil & gas industry, announced that it has been awarded funding from the Clean Resource Innovation Network (CRIN). The funding, awarded through CRIN’s $80 million Oil and Gas Technology Competitions, was made possible by funding from the Government of Canada’s Strategic Innovation Fund (SIF). Kuva was awarded the funding in CRIN’s Digital Oil and Gas Technology Competition, to develop improvements to their machine learning for false positive elimination in continuous methane monitoring with their low-cost infrared cameras. Kuva was selected from a field of over 30 eligible applicants in the Digital Oil and Gas Technology Competition.
“We’re thrilled to have been chosen by CRIN to help advance continuous methane monitoring. Methane has been called the low hanging fruit of climate emissions reductions, but that doesn’t mean it’s easy. We’re working to make the invisible, visible and fixable,” said Monica Sippola, Director of Business Development, Kuva Systems.
Kuva's platform is the only cost-scalable continuous methane detection system that is image-based. Kuva's solution enables upstream and midstream oil and gas companies to quickly identify leaks, analyze and fix the root causes of emissions, and thereby meet ESG reporting and methane intensity goals. Kuva's systems are operating at facilities in Texas, Oklahoma, New Mexico, North Dakota, Colorado, and Alberta, Canada.
About Kuva Systems
Kuva Systems is a leading methane monitoring technology company focused on making the invisible measurable and manageable. With offices in Boston, Houston and Calgary, Kuva's patented infrared camera and cloud monitoring solution provides oil and gas companies with timely notification of methane leaks and the ability to investigate root-causes of emissions. Kuva's solution enables upstream and midstream oil and gas companies to improve their operations and meet ESG and methane intensity goals.
Stefan Bokaemper, CEO