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Bridger Photonics raises $55 million in funding for methane mapping technology

by Babu Patil
Bridger Photonics raises $55 million in funding for methane mapping technology

Bridger Photonics, which makes lidar solutions for mapping methane for the oil and gas industry, secured $55 million in funding.

 Investors include Madison Valley Partners, Carica Sustainable Investments, and Next Frontier Capital.

Bridger’s Gas Mapping LiDAR has transformed how the oil and gas industry monitors and manages pollution. Bridger puts laser sensors on small planes so they can scan oil and gas infrastructure and figure out how much methane is leaking at every step of the natural gas value chain.

This helps energy companies reduce methane emissions.

 ExxonMobil, Southern California Gas Company, Diversified Energy, Devon Energy, Cenovus Energy, Chesapeake Energy, and others rely on the company to detect methane emissions and lower greenhouse gas emissions.

 The fresh capital supports the company’s growth.......