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Breakthrough Carbon Capture and Storage Surveillance Technology
SpotLight, a pioneer in non-invasive subsurface surveillance solutions for carbon dioxide geological storage, has reached a significant milestone with a $6.68 million Series A funding round.The consortium, led by Emerald Technology Ventures(Switzerland) and boasting participation from Industrya (Belgium), Nabtesco Technology Ventures (Japan), Phaze Ventures (Oman), and AFI Ventures (France), reflects aninternational consensus on SpotLight's capacity to revolutionize the monitoring ofsubsurfacecarbon capture and storage (CCS) on a global scale.
To revolutionize the monitoring of subsurface carbon capture and storage (CCS) on a global scale.
The solution has been successfully implemented in Canada and Denmark, and SpotLight is now increasing its market share with the goal to become a standard of CCS subsurface surveillance.
SpotLight's deep tech technology employs proprietary algorithms to analyze vast amounts of subsurface data, optimizing the efficiency of CO2 geological storage monitoring. Recognized for its speed, enhanced deployability, and reduced need for intrusive fieldwork, SpotLight's solution fosters broader societal acceptance of carbon dioxide storage among stakeholders, including local communities, policymakers, and the general public.
Khatib. SpotLight developed a proprietary seismic monitoring approach that capitalizes on existing data to enable frequent, reliable, environmentally friendly andcost-effective surveillance of CCS storage sites. The solution has been successfully implemented in Canada
Who is the proposed solution for?
As industries such as steel, concrete, and chemicals increasingly recognize the urgency of addressing climate change, CCS has emerged as a critical pathway for effective decarbonization. The growing consensusunderscores that achieving the ambitious climate targets outlined in the Paris Agreement hinges on the widespread implementation of CCS.
This consensus is projected to drive robust growth in the CCS industry over the coming years. Forecasts indicate an annual increase of 27% in CCS capacity between 2023 and 2030, driven by already announced projects. Additional policy incentives, such as the Inflation Reduction Act in the US, are poised to accelerate this growth trajectory, creating heightened demand for solutions like SpotLight's that deliver efficiency gains and resource optimization for CCS providers.
Elodie Morgan, founder and COO
Habib Al Khatib, CEO and co-founder