Green Success Stories sat down with Daniel Kashmir, CEO and Co-Founder of Momentick, a company providing accurate and autonomous capabilities for identifying and quantifying methane and other greenhouse gas emissions on a global scale. Daniel describes the vast extent of existing methane leakage and the climate and financial damage that causes. He points to the need for enhanced monitoring his firm provides, as well as the larger need to increase awareness regarding global warming on a global scale.
Tell us a bit about your sustainability journey.
I’ve come to be increasingly concerned regarding methane, the dominant component in natural gas. It’s an invisible and odorless gas, allowing emissions and leaks to remain undetected for extended periods, leading to global warming, significant revenue loss, and exposure to regulatory fines. Methane is 84x more potent in trapping heat, contributing to approximately 21% of total greenhouse gas (GHG) emissions. The Global Methane Pledge aims for a 30% reduction in methane emissions by 2030, which alone could mitigate 0.2 degrees of warming by 2050. Acknowledging its role as the cheapest and quickest method to mitigate global warming, methane stands as an essential component in international climate efforts and goals.
Undetected emissions, primarily stemming from oil and gas assets, pose a significant challenge as their quantities remain unknown. In the United States alone, with 300,000 oil and gas wells and over 2 million miles of pipelines, less than 10% of gathering and transmission pipelines undergo regular leak inspections, contributing to methane leaks estimated to be 60% higher than official EPA figures. With approximately 630,000 leaks in U.S. natural gas distribution pipelines emitting methane, the financial impact is staggering, translating to global warming and millions of dollars lost annually in revenue. The lack of accurate data hampers efforts by industry stakeholders, governments, international bodies, and financial institutions to address these emissions effectively.
Momentick’s mission is to provide a one-stop-shop emissions intelligence platform for countries, industries, and companies in order to demonstrate social responsibility and achieve their sustainability goals. The goal to reduce carbon footprint and achieve international climate targets underscores the urgency of methane emissions monitoring and reporting. Momentick is working with customers on greenhouse gas emissions intelligence, on our path to reach the global aim of 2030 net zero goal.
Tell us a bit about the product or solution you offer.
Founded in 2022, Momentick delivers accurate and autonomous capabilities for identifying and quantifying methane and other GHG emissions on a planetary scale. Our comprehensive emissions intelligence platform enables scalable monitoring, reporting, and verification. By leveraging proprietary algorithms on diverse imagery, from satellites to drones, the platform provides pinpoint monitoring for specific facilities and large area monitoring encompassing a wide geographical area or entire pipeline networks. The surge in demand for Momentick’s services stems from evolving regulations mandating stringent GHG emission monitoring, including fines and increased reporting frequency, prompting the adoption of advanced satellite technology for frequent inspections of gas pipelines and robust emissions performance verification by operators.
Share a green success story with us – how have you helped customers or other businesses in the fight against climate change?
Turkmenistan has the highest emissions rate per kilometer worldwide. Between January 2021 and April 2024, Momentick identified 108 methane leaks there. The leaks were from 6 out of 8 assets on various dates. Momentick detected the leaks by leveraging proprietary algorithms on satellite imagery.
What would you do with $1 billion dollars?
I believe the key to addressing global warming lies in raising awareness. If given $1 billion, I would divide it into ten equal parts of $100 million each. Each portion would fund the production of a film on global warming and emissions, tailored to a specific geographical region. These films would resonate with their respective audiences by addressing the unique environmental challenges and cultural contexts of each area. By fostering awareness on a global scale, we can inspire the collective action needed to drive meaningful change.
What do you envision your industry looking like in ten years?
In ten years, satellite technology will revolutionize industries by monitoring an expanding range of materials and environmental factors with unparalleled precision. This data will drive transparency, accountability, and efficiency across sectors like agriculture, energy, and urban planning, while supporting the fight against global warming. By integrating satellite data with AI, industries can implement predictive models, optimize resource management, and track the impact of climate initiatives. This evolution will not only transform existing markets but also create new opportunities for sustainability-focused solutions, shifting global efforts from reactive to proactive in addressing environmental challenges.
What would you like readers to take away from this article?
As mentioned, awareness is key. One of the things lacking in our industry is data and I am working hard to make sure that data is accessible to the right people to make decisions that can mitigate emissions and reduce global warming.
How should readers get in touch with you and/or your organization?
Our website: https://www.momentick.com/
Our Linkedin: https://www.linkedin.com/company/momentick/posts/?feedView=all
Kudos
Many thanks to Daniel Kashmir and Momentick. Green Success Stories is happy to support and highlight your efforts! We invite you the reader to do the same.
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