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LongPath Technologies Secures $189M Loan Guarantee to Enhance Methane Monitoring in Key U.S. Oil Regions

LongPath Technologies (LongPath) has received a provisional approval for a loan guarantee of up to $189m from the US Department of Energy’s Loan Programs Office (LPO). The financial support is intended to expedite the domestic production, assembly, and deployment of LongPath’s Active Emissions Overwatch System in crucial US oil and gas production regions. The loan will enable the expansion of the technology, enabling the deployment of 1,000 large-area remote methane monitors across Texas, Oklahoma, Kansas, Colorado, North Dakota, and New Mexico. This initiative is expected to revolutionize emissions detection, localisation, and quantification in the specified regions. LongPath’s technology was developed with the University of Colorado and the National Institutes of Standards and Technology (NIST).

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