A Boulder company developing quantum laser technology developed at the University of Colorado Boulder to detect and quantify methane emitted by oil and gas facilities received a $162.3 million loan from the U.S. Department of Energy to expand its network.
LongPath Technologies, Inc. of Boulder, maker of the Active Emissions Overwatch System laser methane detector, will use the loan funding from the Federal Financing Bank to expand deployment of 1,000 detector systems in key U.S. oil and gas production basins to detect and quantify industry methane emissions over some 24,000 square miles in the nation’s most active oil and gas fields, according to a news release.
“The loan will support the scaling of LongPath methane detection and quantification technology to include 1,000 large-area remote methane monitors across Texas, Oklahoma, Kansas, Colorado, North Dakota, and New Mexico, serving as a game-changer for emissions detection, localization, and quantification,” said Rachael Shayne, spokesperson for LongPath…