Our third full year in business was our best yet. Here’s a recap of all that we accomplished – and a glimpse into what we have planned for 2024.
Business Milestones
• Closed a USD 3.25m SEED round to build and scale a newly announced enterprise SaaS solution. The round was led by Energy Capital Ventures and supported by Veritec Ventures and Overview. Read the press release here.
• Supported numerous leading companies through OGMP 2.0 evaluation, planning, and implementation, including reconciliation and achieving the Gold Standard. Learn more about our OGMP 2.0 services suite here.
• Developed cost-optimized emissions reduction roadmaps using our proprietary Reduction Pathways software for companies and assets around the world, including modeling of environmental liabilities to support due diligence activities.
• Combined diverse methane and inventory data (source-level, site-level, public) to build measurement-informed inventories using Veritas and other reconciliation approaches for better baselines and targets.
• Supported a range of clients in modeling and commenting on proposed US EPA and PHMSA rules.
• Supported many O&G companies with LDAR-Sim to develop more effective LDAR programs by using new technologies and optimizing deployment strategies.
• Collaborated with regulators and vendors in multiple jurisdictions (both in Canada and the US) to enable the use novel methane monitoring technologies within regulations.
Contributions in Education and Innovation
• Published countless articles and a wealth of insight in our Highwood Bulletin – all free, no-strings-attached value brought to the public through our mission to Educate, Collaborate, and Innovate to a world with effective and affordable emissions management solutions.
• Delivered a variety of courses, including several multi-day LDAR-Sim training (theory + hands-on) and our popular Methane Technology and Scope 1/2/3 emissions courses via Evaluate Energy.
• Contributed technical subject matter expertise to the release of GTI Energy’s Veritas Version 2 on December 18th and led a technical working group to determine feasibility of a new pathway in Veritas with OGMP 2.0. The first version of the source-based Veritas protocol is expected to be released in Q1 2024.
• Released version 3.0 of LDAR-Sim – with significant usability improvements. Launched an LDAR-Sim Community of Practice in partnership with the Alberta Methane Emissions Program (AMEP).
• Published our annual Voluntary Initiatives Report – the best one yet.
• Continue to support our popular How Much Gas is That?! calculator and The Highwood Glossary.
• Participated in and presented novel peer-reviewed research at a variety of conferences. Notable contributions include our analysis combining LDAR simulations with roadmapping optimization, presented at World Petroleum Congress and participation in a new Nature Energy paper on differentiated gas.
What does 2024 have in store for Highwood?
We don’t like to spoil surprises, but 2024 is going to be even more exciting, including:
• We are more focused than ever on the global O&G industry. This is where we can add the most value based on our track record and expertise. The world needs sustainable and affordable energy – and we’re committing ourselves to help with our blend of consulting and software.
• Our new SaaS development partnership is underway, which will automate and clarify the building of credible, transparent, and defensible measurement-informed inventories.
• Major improvements are currently underway in LDAR-Sim to move it from detection only (i.e., “find and fix”) to simulating and forecasting measurement-informed inventories.
