Published by Todd Bush on November 9, 2023
MORGANTOWN, W.Va., Nov. 8, 2023 /PRNewswire/ -- Iconic Air, a pioneer in carbon management software for the energy sector, launches CarbonOne™, a unified platform for oil & gas enterprise carbon data management and reporting.
CarbonOne is the next iteration of Iconic Air's Emissions Intelligence platform, which has been adopted by a diverse array of energy companies throughout the oil & gas value chain and currently manages over 15 million metric tons of CO2, annually.
The upcoming Inflation Reduction Act methane fee, SEC climate-risk disclosures, and increasingly stringent U.S. Environmental Protection Agency (EPA) regulations have turned accurate and verifiable Greenhouse Gas (GHG) emissions inventory and reporting into a material enterprise risk for many oil & gas operators today.
>>Read about Civitas Resources Selecting Iconic Air as System of Intelligence for Emissions Reporting
The fast evolving regulatory landscape has left many companies ill-prepared to efficiently manage their carbon risk and GHG reporting obligations. CarbonOne is purpose-built to help operators overcome these challenges by transitioning away from outdated spreadsheets, legacy compliance software, and disparate datasets into a single three-pronged carbon solution:
Carbon Accounting & Decarbonization Planning: Easily get data in or out of the platform for calculating, reporting, forecasting, and GHG emissions scenario planning across operations. The Iconic Data Standard empowers operators by turning one data input into numerous outputs for reports (e.g., EPA Subpart W, EPA OOOOa, SASB) and protocols (e.g., NGSI, Methane Guiding Principles, Methane Tax Scenario).
Inventory Management: Effective carbon management requires robust carbon inventories be built on regularly updated data systems that accurately reflect operations. CarbonOne ensures complete self service for creating, tracking, and managing emissions equipment inventory for site-level changes, acquisition and divestitures, or scenario planning.
Leak Detection: Leverage the CarbonOne mobile app for end-to-end, in-field methane data capture, regulatory reporting, and analysis. Data collected integrates seamlessly with Carbon Accounting and Inventory Management for everything from ad hoc operational analysis to annual regulatory reporting.
"We are thrilled to introduce CarbonOne, which addresses the critical challenge of carbon data management for the energy industry today. Operators require a comprehensive view of their emissions on a month-to-month basis and achieving this requires an accurate, bottom-up inventory to start. CarbonOne gives operators confidence in their reporting to uncover operational insights for decarbonization," commented Kyle Gillis, Co-Founder and CEO of Iconic Air.
"After two years of successful implementations and working closely with our customers, we've learned that the industry still has a long way to go when it comes to automated and accurate reporting. The very first step is focusing on the quality of data coming from each source system. Automating, forecasting, and reporting are useless if the data powering these features can't be trusted by the operator. Through these learnings, we created CarbonOne," commented James Carnes, Co-Founder and CTO of Iconic Air.
Iconic Air is helping energy-intensive industries decarbonize faster with industry-leading sustainability tools. Its software brings data to life to assist with carbon management and reporting. Learn more at www.iconicair.io.
SOURCE Iconic Air
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🌱 Holcim Invests in Sublime Systems to Scale Up Innovative Low-carbon Technology ⚡ New Technology Transforms Captured Carbon Into Clean Energy Source 🚗 Say Goodbye to EVs – This ...
Inside this Issue 💡 Bill Gates-backed Startup Says a Global Gold Rush for Buried Hydrogen is Picking Up Momentum 🌍 Largest Hydrogen Highway to Link America and Europe: 10 Million Metric Tons and a...
Inside this Issue 🌿 Gevo to Acquire Red Trail Energy Assets in North Dakota, Including Operating Low-carbon Ethanol Production and Carbon Sequestration Facilities, Expanding Platform for Sustainab...
Hyundai Motor Company and Škoda Group sign a Memorandum of Understanding (MOU) during the Korea-Czech Business Summit in Prague Both parties to cooperate in establishing a hydrogen economy and...
UNDO Lands Groundbreaking Carbon Removals Financing Deal in 'Global First'
UK carbon removal start-up UNDO has secured an innovative debt financing deal, supported by significant corporates like British Airways and Standard Chartered, to accelerate the expansion of its en...
Say Goodbye to EVs – This Water-Hydrogen Engine Will Change Everything in Automotion
Honda launches a model identical to the Dodge Challenger – here’s when you can buy it Neither Toyota nor Hyundai – JD Power confirms the list of most reliable cars on the US market. Chevy an...
New Technology Transforms Captured Carbon Into Clean Energy Source
Researchers from Tokyo Metropolitan University have developed an innovative electrochemical cell that efficiently converts captured carbon dioxide (CO2) into formate, a green fuel. This new system,...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.