Validere

Overview
News
Oil & Gas Tech?
Product stageSegments
Growth
?
Predictive analytics and optimization (Upstream & Midstream)
?

Validere is a measurement, reporting, and verification (MRV) SaaS company that provides a platform for energy organizations to manage their emissions data and comply with environmental regulations. The company's solution, Carbon Hub, integrates disparate data sources, including operational data, emissions measurements, and regulatory frameworks, to offer streamlined regulatory reporting, real-time emissions monitoring, and advanced scenario modeling capabilities.

Validere's platform enables energy companies to centralize and validate emissions data, ensuring accurate reporting and compliance with various regulatory frameworks such as the Federal GHGRP, NPRI, MSAPR, Alberta's TIER, SGRR, AMR and AEIR, British Columbia's GGRR, and Saskatchewan's MRGHG and OGEMR. The platform also incorporates equipment-level inventory, operating conditions, aerial imagery data, and real-time measurements from Continuous Emissions Monitoring Systems (CEMS) to provide a comprehensive emissions baseline.

Through real-time alerting and tracking, Validere's solution allows businesses to identify and respond promptly to operational challenges, optimizing resource allocation and minimizing emissions while increasing profitability. Additionally, the scenario modeling capabilities enable companies to devise strategies to reduce their carbon footprint, optimize resource consumption, and align with emerging sustainability goals.

In May 2022, Validere acquired Clairifi, a SaaS company focused on environmental and regulatory compliance, to strengthen its ESG offerings and enhance its predictive capabilities for precise emissions forecasting and modeling. The acquisition of Phoenix Energy Marketing Consultants in January 2022 further expanded Validere's reach in Western Canada, allowing the company to offer transportation and marketing optimization services to its clients.

Key customers and partnerships

Validere's client base includes over 50 of North America's leading energy companies, such as Vermilion Energy Inc., PureWest Energy, LLC, and two supermajor producers. In October 2022, PureWest Energy selected Validere as its emissions quantification and reconciliation solution, leveraging the Carbon Hub platform and Validere's industry experts to synthesize emissions and operational data, informing PureWest's carbon reduction strategies.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
630 8 Ave SW , #600 Calgary AB CAN
Founded year:
2015
Employees:
51-100
IPO status:
Private
Total funding:
USD 69.3 mn
Last Funding:
USD 43.1 mn (Series B; Mar 2022)
Last valuation:
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Key competitors
 
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