UK major BP’s green energy subsidiary BP Ventures has made a £3mn equity investment in drone-based methane detector maker Flylogix, it said March 22.
The financial injection is part of a funding round led by Amati Global Investors, totalling £6mn. Flylogix uses a mix of artificial intelligence, satellite communications and methane sensor technology, from partner SeekOps, to monitor and measure methane in some of the most inaccessible parts of the world.
Flylogix holds the UK record for the longest commercial drone flight and it has worked with BP since 2018 to monitor UK North Sea assets. Its unmanned aerial vehicles (UAV) take measurements that verify emissions safely and consistently.
BP aims to halve its methane intensity across its operations. BP Ventures said: “Accurate emissions measurements are the basis upon which mitigation plans are based – we look forward to continuing our partnership with Flylogix as it expands into new regions.”
Flylogix CEO Charles Tavner (left) said: “This latest investment will help Flylogix bring our proven UAV technology to new regions and develop applications to realise the potential of unmanned aerial vehicles. It is a significant moment for the business. We see endorsement from BP as a vote of confidence and are proud to build on our existing partnership, in pursuit of net zero.”
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