Highwood Emissions Management secures seed funding

Highwood plans to use the investment to further develop and scale its revolutionary Emissions Management Toolkit software platform. Designed to address the evolving challenges faced by the oil and gas industry, the toolkit empowers companies with the tools they need to capitalise on their greenhouse gas emissions management strategies.

By providing operators with advanced data tools, Highwood empowers energy companies to achieve climate change objectives by meeting them where they are in their emissions management journey.

ECV, the only early-stage venture fund investing in the future of ESG innovation and the digital transformation of the natural gas industry, served as the lead investor in this round. Highwood CEO Jessica Shumlich said ECV’s deep understanding of the industry, combined with their experience and dedicated focus on decarbonisation tools, made them an ideal partner.

“We were extremely impressed by Highwood's thought leadership in emissions management and mitigation and their commitment to decarbonisation,” said Vic Pascucci III, Managing General Partner at ECV. “With this investment, we are confident in Highwood's ability to solidify its position as a leading provider of emissions management solutions and continue to drive positive change in the energy sector.”

“We are excited about Highwood’s future as they navigate the emerging challenges of emissions management,” said Krishna Shivram, Managing Partner at Veritec Ventures. “We love Highwood’s focus on the energy industry. Given our extensive background in the energy sector, we believe Veritec can add immense value to continuing product development, customer acquisition, and the overall scaling of the business.”

“This funding round is a significant milestone for Highwood Emissions Management,” said Shumlich. “In order to generate intelligence to inform decision making, companies need to be able to compile, analyse, and understand the data required for an integrated emissions management solution. We are thrilled to further expand and enhance the Emissions Management Solution, assisting oil and gas companies at every stage of their emissions management journey.”

The seed-stage capital will also be allocated towards expanding Highwood's teams, accelerating development, and fostering collaboration with industry and academic partners. By investing in talent acquisition and internal growth, Highwood aims to solidify its position as a leading provider of emissions management solutions and continue to innovate in the market.

Highwood has already made significant strides in the industry with its commercialised software, including the highly acclaimed Reduction Pathways, which helps companies develop emissions reduction strategies, compare effectiveness, and communicate progress to their emissions targets. Future development will focus on Highwood's Emissions Insights, an integrated platform that leverages emissions data from diverse sources to improve decision making and streamline disclosure.

Highwood has actively engaged in noteworthy projects and collaborations, showcasing its involvement in various impactful initiatives. One such collaboration involved providing advisory services to MiQ, a prominent non-profit organisation that offers a natural gas certification programme, distinguishing operators with low methane emissions from others in the market. Through this partnership, Highwood and MiQ developed a cutting-edge tool that enables operators to assess their methane intensity levels, aiding them in their decision making before undergoing the formal MiQ certification process.

Moreover, Highwood played a pivotal role as the primary technical consultant for Veritas, GTI Energy's Methane Emissions Measurement and Verification Initiative. Veritas stands as a groundbreaking project addressing the critical need for reliable and comparable measurement-informed methane emissions intensity in the industry.

The recent successful completion of the seed funding round serves as a testament to Highwood's forward-thinking approach and commitment to revolutionising emissions management practices. With esteemed investors such as ECV and Veritec Ventures providing support, Highwood is poised to deliver on its mission of collaborating, innovating, and educating our way to a world with effective and affordable emissions management solutions.

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/23062023/highwood-emissions-management-secures-seed-funding/