Arolytics Granted Funding from SDTC to Optimize Methane Monitoring
Advancing the Mission to Reduce Energy Sector Emissions
February 17, 2023, Calgary, AB - Arolytics receives 375k in funding from Sustainable Development Technology Canada (SDTC).
Arolytics designs Leak Detection and Repair (LDAR) programs that allow companies to reduce their emissions faster and at lower costs. By providing software and expert services, Arolytics is on the front line of emissions reduction efforts, working directly with clients from the energy sector. With this funding from SDTC, Arolytics can access more clients in Canada and globally to reduce methane emissions from the oil and gas industry.
Recent federal regulatory changes in Canada require energy companies to perform higher-frequency monitoring of their emissions. Arolytics’ software solutions can determine optimal technologies and inspection schedules to use to comply with new regulations while managing emissions data in the best way possible for each client. Using the AroFEMP software model, a product designed in-house, Arolytics can model hundreds of scenarios using different technologies and approaches to methane emissions management to outline the most cost-efficient and effective emissions reduction pathways for their clients.
“Methane regulations are changing rapidly across the globe. This SDTC funding will support the automation and scalability of our emissions management platform, enabling us to expand our SaaS business to assist clients globally. When this project is complete, we will be able to optimize the sensor technology our clients use to find emissions, allowing them to reduce their environmental footprint faster than they thought possible.”
~Liz O’Connell, Arolytics President
“We congratulate all the cleantech entrepreneurs who are turning vision into reality with help from SDTC investments. The Government of Canada stands shoulder to shoulder with these groundbreaking companies as they drive innovation, make their mark as international leaders in clean technology and propel us to a cleaner Canada and a net-zero carbon emissions world.”
~The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry
“Innovation, discovery, and entrepreneurship are thriving in this country. Throughout Canada, highly skilled teams are working tirelessly to mitigate climate change and offer powerful solutions to pressing environmental problems. SDTC is here to support their work and help Canadian companies grow so they can respond to the global demand for sustainable solutions.”
~Leah Lawrence, President & CEO of SDTC
About Arolytics
Arolytics is an emissions analytics and software company formed in 2018 that specializes in enterprise management of methane data. With proprietary algorithms and emissions modelling, Arolytics’ products and services optimize energy sector emissions management by evaluating technologies for cost-effective emissions management, and by providing SaaS solutions for strategic methane management.
About Sustainable Development Technology Canada
From coast to coast to coast, Canadians are executing big ideas that have the power to solve our most pressing environmental problems. SDTC strives to help grow Canada’s sustainable technology ecosystem by helping companies quickly advance their ideas to market and grow to scale sooner.
At SDTC, we know that sustainable technology is a megatrend that will have major impacts on most sectors over the coming years. Our team works to find, fund, and foster innovative ideas by supporting the companies working to bring desperately needed sustainable solutions to the market.The innovations we fund help solve some of the world’s most pressing environmental challenges: climate change, regeneration through the circular economy, and the well-being of humans in the communities they live in and the natural environment they interact with.
