The U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), announced today the closing of a $162.4 million loan guarantee to LongPath Technologies, Inc. (LongPath). The loan guarantee, sustained by President Biden’s Inflation Reduction Act, will help finance the construction and installation of more than 1000 remote monitoring towers as part of a real-time methane emissions monitoring network. The network will include sites in every major U.S. oil and gas production region, including those in California, Colorado, New Mexico, North Dakota, Oklahoma, Pennsylvania, Texas, and Wyoming. LongPath’s Active Emissions Overwatch System project aims to deploy large-area remote methane monitors to provide emissions detection, location, and quantification services for tens of thousands of oil and gas sites.
“Preventing harmful greenhouse emissions from entering our atmosphere is a key pillar of President Biden and Vice President Harris’ Investing in America agenda to improve public health while combatting climate change,” said U.S. Secretary of Energy Jennifer M. Granholm. “Today’s announcement underscores the Biden-Harris Administration’s continued efforts to create environmentally resilient communities and ensure the United States leads the world in deploying next-generation clean energy solutions.”
It’s an enlightened government policy designed to sustain American jobs while deploying clean energy technologies. It’s yet another fulfilment of the administration’s commitment to dramatically reduce methane emissions, including from leaks in the oil and gas sector, in order to tackle the climate crisis, protect public health, and create good-paying jobs.
LPO financing will support LongPath in the installation and deployment of up to 24,000 square miles of monitoring coverage. This network is expected to prevent methane emissions equivalent to at least six million metric tons of CO2e annually – the equivalent of taking 1.3 million gasoline-powered vehicles off the road – by enabling subscribers to identify and respond to methane leaks quickly. The project is anticipated to create 35 construction jobs and 266 operations jobs with competitive benefits for regional workers, including trained experts to install and maintain the equipment.
LongPath provides internship opportunities with the University of Colorado to engage students interested in technology-based climate solutions. LongPath sources many of its components from suppliers based in the United States, including in Florida and California, strengthening domestic supply chains for innovative technologies.
Last year, the Biden-Harris Administration took more than 100 actions under the U.S. Methane Emissions Reduction Action Plan, including the deployment of $350 million in grants under the Methane Emissions Reduction Program, provided by the Inflation Reduction Act.
“As governor, we made sure Colorado led the country with the first methane regulations of their kind,” said U.S. Senator John Hickenlooper (CO). “We’re building on that leadership to create real-time methane emissions monitoring for the rest of the country thanks to these Inflation Reduction Act investments and our homegrown innovators like LongPath.”
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Biden Administration Takes Another Step to Increase Jobs
The U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), announced today the closing of a $162.4 million loan guarantee to LongPath Technologies, Inc. (LongPath). The loan guarantee, sustained by President Biden’s Inflation Reduction Act, will help finance the construction and installation of more than 1000 remote monitoring towers as part of a real-time methane emissions monitoring network. The network will include sites in every major U.S. oil and gas production region, including those in California, Colorado, New Mexico, North Dakota, Oklahoma, Pennsylvania, Texas, and Wyoming. LongPath’s Active Emissions Overwatch System project aims to deploy large-area remote methane monitors to provide emissions detection, location, and quantification services for tens of thousands of oil and gas sites.
“Preventing harmful greenhouse emissions from entering our atmosphere is a key pillar of President Biden and Vice President Harris’ Investing in America agenda to improve public health while combatting climate change,” said U.S. Secretary of Energy Jennifer M. Granholm. “Today’s announcement underscores the Biden-Harris Administration’s continued efforts to create environmentally resilient communities and ensure the United States leads the world in deploying next-generation clean energy solutions.”
It’s an enlightened government policy designed to sustain American jobs while deploying clean energy technologies. It’s yet another fulfilment of the administration’s commitment to dramatically reduce methane emissions, including from leaks in the oil and gas sector, in order to tackle the climate crisis, protect public health, and create good-paying jobs.
LPO financing will support LongPath in the installation and deployment of up to 24,000 square miles of monitoring coverage. This network is expected to prevent methane emissions equivalent to at least six million metric tons of CO2e annually – the equivalent of taking 1.3 million gasoline-powered vehicles off the road – by enabling subscribers to identify and respond to methane leaks quickly. The project is anticipated to create 35 construction jobs and 266 operations jobs with competitive benefits for regional workers, including trained experts to install and maintain the equipment.
LongPath provides internship opportunities with the University of Colorado to engage students interested in technology-based climate solutions. LongPath sources many of its components from suppliers based in the United States, including in Florida and California, strengthening domestic supply chains for innovative technologies.
Last year, the Biden-Harris Administration took more than 100 actions under the U.S. Methane Emissions Reduction Action Plan, including the deployment of $350 million in grants under the Methane Emissions Reduction Program, provided by the Inflation Reduction Act.
“As governor, we made sure Colorado led the country with the first methane regulations of their kind,” said U.S. Senator John Hickenlooper (CO). “We’re building on that leadership to create real-time methane emissions monitoring for the rest of the country thanks to these Inflation Reduction Act investments and our homegrown innovators like LongPath.”
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.