GREEN ANGEL SYNDICATE PRESS RELEASE
Green Angel Syndicate is delighted to welcome QLM Technology Ltd to its portfolio of companies that are fighting Climate Change and Global Warming.
QLM Technology Ltd, based in Bristol, has developed a ground-breaking quantum-enabled gas imaging Lidar camera able to visualise and quantify methane leaks caused by oil and natural gas extraction.
Supported by BP, National Grid, AMETEK Land, and the UK Government, the camera represents a step-change in measuring emissions of methane, the second most damaging greenhouse gas. The quantum-enabled camera makes complete and continuous monitoring possible for the first time, identifying and quantifying emissions as they occur.
Although the largest source of methane emissions is agriculture, responsible for around a quarter of all emissions, the second largest source is the energy sector. This includes emissions from coal, oil, natural gas and biofuels.
Murray Reed, CEO of QLM Technology, said: “Whilst the oil and gas majors have pledged to significantly reduce methane emissions in coming years, you can’t manage what you can’t measure; and no-one is measuring methane properly, continuously, and at scale.
“In the UK alone, we have 24 pipeline compressor stations, which power long-distance natural gas pipes, and hundreds of above ground storage installations. All are leaking at some time.”
About Green Angel Syndicate
Green Angel Syndicate (GAS) is the only angel investment syndicate in the UK specialising in the fight against Climate Change and Global Warming.
GAS has attracted over 250 members and invested more than £10 million in 25 start-up or early-stage companies across 10 different economic sectors.
Risk Disclaimer - Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. Green Angel Syndicate 2 Ltd is an appointed representative of SFC Capital Partners Ltd which is authorised and regulated by the Financial Conduct Authority ('FCA’) in the United Kingdom (FRN 736284). The content is for information purposes only and should not be used or considered as an offer or solicitation to purchase or sell any securities.