We are excited to announce the collaboration between Bluemethane and Open Hydro to develop and pilot new innovative mechanisms to mobilise private investment into methane removal from hydropower reservoirs. Methane removal is a powerful strategy to reduce global warming and create a new source of power from biofuel.
Bluemethane and Open Hydro join forces to promote novel climate-related reporting to incentivise methane assessment and capture in hydropower reservoir projects and unlock investment for hydropower climate mitigation action.
Open Hydro is a mission-led organisation that empowers organisations to accelerate climate change action and mobilise investment to finance or refinance new and existing hydropower assets.
We’re a technology company developing a breakthrough data measurement platform and technology solution to sense and capture methane emissions from water as a new source of data, power and revenue for hydropower owners. This will permanently remove methane from water, reduce global warming and support the energy transition by unlocking a new source of bioenergy.
The signing of this Memorandum of Understanding (MoU) is the outcome of our shared vision for a zero-carbon planet and a step forward in mobilising sustainable investment to help reduce methane emissions from hydropower reservoirs.