Highwood Emissions Management: Company Profile

Background

Overview

Highwood Emissions Management, founded in 2020 and headquartered in Calgary, Alberta, Canada, is a leading provider of methane emissions management solutions for the oil and gas industry. The company specializes in developing and implementing strategies to accurately measure, report, and reduce methane emissions, thereby assisting energy companies in achieving their climate change objectives.

Mission and Vision

Mission: To deliver the oil and gas industry's most trusted methane inventory solutions, enabling real and provable emission reductions.

Vision: A world with near-zero oil and gas methane emissions.

Primary Area of Focus

Highwood focuses on providing comprehensive methane emissions management services, including software solutions, consulting, and education, to help oil and gas companies navigate complex regulatory frameworks and achieve environmental sustainability goals.

Industry Significance

As the oil and gas industry faces increasing pressure to reduce greenhouse gas emissions, Highwood plays a crucial role in enabling companies to meet stringent standards such as the Oil and Gas Methane Partnership 2.0 (OGMP 2.0) and the European Union Methane Regulation (EUMR). Their expertise and innovative solutions contribute to the industry's efforts in mitigating climate change impacts.

Key Strategic Focus

Core Objectives

Develop and provide advanced software solutions for methane emissions management.

Offer expert consulting services to assist companies in achieving regulatory compliance and emission reduction targets.

Deliver comprehensive education and training programs to build internal methane literacy within client organizations.

Specific Areas of Specialization

Measurement-informed methane inventories.

OGMP 2.0 compliance and reporting.

Emissions reduction strategy development.

Leak detection and repair (LDAR) program optimization.

Key Technologies Utilized

Emissions Intelligence Platform (EIP): A cutting-edge SaaS solution for methane accounting and business insights, developed in collaboration with leading oil and gas companies.

LDAR-Sim Modeling: A proprietary tool for simulating leak detection and repair programs to optimize methane emissions management.

Primary Markets or Conditions Targeted

Oil and gas operators seeking to comply with global methane initiatives and regulations.

Companies aiming to enhance environmental transparency and strengthen climate credibility.

Organizations looking to develop and implement effective methane emissions reduction strategies.

Financials and Funding

Funding History

In June 2023, Highwood Emissions Management secured $3 million in seed funding, led by Energy Capital Ventures (ECV) and supported by Veritec Ventures. This investment marked the first external funding for the company and is intended to accelerate the development and scaling of its Emissions Management Toolkit software platform.

Total Funds Raised

$3 million in seed funding.

Notable Investors

Energy Capital Ventures (ECV)

Veritec Ventures

Intended Utilization of Capital

Expanding and enhancing the Emissions Management Solution.

Accelerating product development.

Fostering collaboration with industry and academic partners.

Pipeline Development

Key Pipeline Candidates

Emissions Management Toolkit: A suite of software solutions designed to assist companies in developing emissions reduction strategies, comparing effectiveness, and communicating progress toward emissions targets.

Emissions Insights Platform: An integrated platform that leverages emissions data from diverse sources to improve decision-making and streamline disclosure.

Stages of Product Development

Emissions Management Toolkit: Commercialized and in use by multiple clients.

Emissions Insights Platform: Under development, with future focus on integration and enhancement.

Target Conditions

Methane emissions in the oil and gas industry.

Relevant Timelines for Anticipated Milestones

Emissions Management Toolkit: Ongoing updates and enhancements.

Emissions Insights Platform: Development phase, with anticipated release in the near future.

Technological Platform and Innovation

Proprietary Technologies

Emissions Intelligence Platform (EIP): A SaaS solution for methane accounting and business insights, developed in collaboration with leading oil and gas companies.

LDAR-Sim Modeling: A proprietary tool for simulating leak detection and repair programs to optimize methane emissions management.

Significant Scientific Methods

Measurement-Informed Inventories: Utilizing empirical data to build auditable, consistent, and framework-compliant methane inventories.

Leak Detection and Repair (LDAR) Simulation: Modeling and optimizing leak detection and repair programs to reduce methane emissions.

Leadership Team

Executive Profiles

Jessica Shumlich, P.Eng., MM: Chief Operating Officer & Co-founder. An Alberta-licensed engineer with over 15 years in emissions strategy, she has guided multinationals and start-ups through technology deployment, policy alignment, and market positioning.

Thomas Fox, Ph.D.: President and Chief Innovation Officer & Co-founder. Holds a Ph.D. from the University of Calgary, specializing in methane detection, and developed the open-source LDAR-Sim platform for evaluating leak detection technologies.

Key Contributions or Roles Within the Company

Jessica Shumlich: Shapes Highwood’s growth strategy and mission to make accurate methane inventories a competitive edge for oil & gas producers.

Thomas Fox: Leads innovation efforts, focusing on developing advanced technologies for methane detection and emissions management.

Competitor Profile

Market Insights and Dynamics

The methane emissions management market is experiencing significant growth due to increasing regulatory pressures and the oil and gas industry's commitment to reducing greenhouse gas emissions. Companies are seeking innovative solutions to comply with standards like OGMP 2.0 and EUMR, creating a competitive landscape for providers of emissions management technologies and services.

Competitor Analysis

Arolytics: Specializes in emissions monitoring and reporting solutions, offering technologies for real-time data analytics and compliance reporting.

Project Canary: Provides environmental performance monitoring and certification services, focusing on methane emissions detection and reporting.

Validere: Offers data management and analytics solutions for the energy sector, including emissions tracking and reporting tools.

Strategic Collaborations and Partnerships

Highwood has engaged in collaborations with industry leaders to enhance its offerings:

MiQ: Provided advisory services to develop a tool enabling operators to assess methane intensity levels before undergoing formal certification.

Veritas: Served as the primary technical consultant for GTI Energy's Methane Emissions Measurement and Verification Initiative, addressing the need for reliable methane emissions intensity measurement.

Operational Insights

Highwood differentiates itself through its comprehensive approach, combining software solutions with expert consulting and education services. This integrated model enables clients to develop and implement effective methane emissions reduction strategies, ensuring compliance with global standards and enhancing environmental performance.

Strategic Opportunities and Future Directions

Highwood aims to expand its market presence by: