Emissions Reduction Alberta (ERA) Emerging Innovators Challenge was announced in July 2024. The full list of projects is available here. We are highlighting the companies that are PTAC members who were awarded funding:
Arolytics Incorporated
ERA funding: $1,000,000 | Total project value: $2,530,000
Develop software to help oil and gas operators record, reconcile, and report methane emissions data and optimize programs to monitor, detect, and repair leaks.
Etalim Inc.
ERA funding: $1,940,000 | Total project value: $4,830,000
Demonstrate the cost, reliability, and efficiency of powering well-head equipment with an advanced onsite electricity generation technology using waste methane.
Highwood Emissions Management
ERA funding: $2,230,000 | Total project value: $4,460,000
Develop and validate a software solution that helps companies use multiple data streams to prove methane emissions, quantify uncertainty, manage risk, and comply with emerging regulations.
Kathairos Solutions Inc
ERA funding: $250,000 | Total project value: $500,000
Validate the technical and economic feasibility of a nitrogen-powered vapour recovery unit to eliminate oil tank venting in remote areas.
OptiSeis Solutions Ltd.
ERA funding: $5,000,000 | Total project value: $16,200,000
Demonstrate the effectiveness of a technology that can help significantly reduce the land footprint and GHG emissions associated with subsurface imaging programs.
Rokk Energy Technologies
ERA funding: $5,000,000 | Total project value: $10,400,000
Design, test, and produce components for an innovative new drilling system for multilateral wells in unconventional formations to lower costs and reduce emissions and surface footprint by improving production from vertical wells.