LONGPATH

PROJECT SUMMARY 

In October 2024, the U.S. Department of Energy (DOE) announced the closing of a $162.4 million loan guarantee to LongPath Technologies, Inc. (LongPath). The loan guarantee will help finance the construction and installation 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 cover 25 million acres of land with large-area remote methane monitors, providing emissions detection, location, and quantification services for tens of thousands of oil and gas sites through a subscription service. 

ECONOMIC IMPACT 

The project is anticipated to create 35 construction jobs and 266 operations jobs for regional workers, including trained experts to install and maintain the equipment, and provide competitive benefits. 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 Florida and California, strengthening domestic supply chains for innovative technologies. 

LongPath’s modular systems are low-cost and can be safely and quickly installed on-site using local expertise. LPO works with all borrowers to create quality jobs with strong labor standards; and support meaningful community and labor engagement.

EMISSIONS BENEFITS

The 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. 

PROJECT STATISTICS: LongPath

* Last Updated October 2024. Approximate amount of the loan approved at closing including principal and any capitalized interest. 

** Estimated at the time of closing