Satlantis announces strategic investment from Encino for satellite-based GHG

GAINESVILLE/FLORIDA, 1 April 2022: Satlantis LLC, a US technology leader in high precision miniaturized satellites and cameras is pleased to announce a strategic investment from Encino Environmental Holdings LLC (Encino).

This investment will allow Satlantis a US affiliation of Satlantis Microsats SL, based out of Bilbao, Spain to accelerate the commercialization of its satellite-based greenhouse gas (GHG) monitoring technology and develop new products and services for the North American market.

Satlantis technology is based upon proprietary multispectral infrared and visible imaging techniques to detect the origin and volume of methane, CO2 and other greenhouse gases with significantly greater precision than the currently available technology.

The technology can also be used for a wide range of other applications including visual monitoring of pipeline and electrical distribution lines, fire surveillance and prevention, imaging solutions to manage plastic and fertilizer contamination in coastal waters, monitoring of plants and agricultural diseases such as citrus greening and many other environmental challenges.

In addition, Satlantis announces the appointment of Sean O'Keefe as Chairman of the Board.  On four separate occasions, O'Keefe served as a presidential appointee when he led NASA, as secretary of the Navy, as deputy director of the Office of Management and Budget and deputy assistant to the President, and as comptroller and CFO at the Defense Department.

Encino Holdings is an investment holding company controlled by BP Energy Partners in partnership with EnCap Investments LP and Williams. Former offers a wide range of environmental services including ground-based continuous emissions monitoring and measurement services (CEMS) as well as compliance and ESG advisory services to the energy industry. Encino Services will be the exclusive distributor of Satlantis satellite-based methane emissions detection technology to the North American energy industry.

Juan Tomas Hernani, CEO of Satlantis Microsats and Board member of Satlantis, commenting on the investment said, "we are proud to offer ready-to-fly technologies to the US market. To date, Satlantis Microsats has successfully launched two high-spatial-resolution cameras to the International Space Station (ISS), with three more satellite and cameras missions contracted and scheduled, including one satellite for Enagas, Spain's leading natural gas distribution company. We are excited to offer a wide range of satellite-based applications to the US Market."

Scott McCurdy, CEO of Encino Services and Board Member of Satlantis said "Incorporating best in class satellite emissions data from Satlantis into our existing suite of emissions monitoring and measurement services will allow us to further assist our clients in identifying key areas for reductions and providing another key element of data to support their ESG efforts and reporting."

"Williams is extremely well positioned with our large-scale energy infrastructure network to drive the next generation of the clean energy marketplace," said Chad Zamarin, senior vice president of Corporate Strategic Development for Williams.

"Our investment in Satlantis Technology through Encino Holdings will further enhance emissions detection and measurement capabilities, which is key in the delivery of the responsibly sourced natural gas that will help our customers achieve their sustainability goals. Williams is working to enable supply and delivery decisions that connect the cleanest energy sources to meet real-time energy needs across the country," added Chad.

Jim O'Connell, assistant vice president for commercialization at UF, said of the investment that "We offer our congratulations to Dr Guzmán and UF start-up Satlantis for this latest success. It's always rewarding to see a UF technology and company, especially one that has incubated with UF Innovate | Accelerate, provide a product or service that satisfies a true need."

Image credit: space.com