Othersphere, the pioneering startup specializing in location optimization for zero / low greenhouse gas commodity infrastructure, today announced the successful close of C$3 million in seed funding. The round was led by Active Impact Investments, with additional contributions from Thin Line Capital, KDX, and Keiki Capital.
Othersphere has developed a patent-pending platform to identify ideal locations for commodity production assets based on economics, emissions, and fit with local surroundings. Othersphere initially serves project developers, offtakers, and financiers, beginning with hydrogen and expanding to other physical commodities over time.
Othersphere's core technology indexes the globe based on commodity, human, and environmental system variables, and was made possible by catalytic funding from Breakthrough Energy's Fellows program—a research and development fellowship focused on accelerating the commercialization of potential breakthrough climate technologies. Further support has been provided by Google for Startups.
"We believe that Othersphere will play a meaningful role in scaling the low-emission commodities that will drive the clean energy transition by addressing the massive project deployment bottleneck," said Mike Winterfield, Managing Partner at Active Impact Investments, Canada's largest climate tech seed fund. "Their platform lowers costs for customers while improving yields and reducing greenhouse gas emissions, all of which accelerates the development and adoption of low emissions commodities."
"Companies have to weigh a huge number of factors when deciding where to locate climate technology projects, from clean hydrogen production to direct air capture," said Ashley Grosh, VP of Breakthrough Energy Fellows. "Othersphere will make it easy for climate tech companies to evaluate where they can have the biggest impact, demystifying a complicated process with the potential to accelerate decarbonization."
Currently in closed beta development, Othersphere's initial SaaS product offers multiple benefits:
"Thanks to our investors, Othersphere is poised to accelerate scaling of zero / low GHG commodities, starting with hydrogen," said Othersphere CEO, Robert Murphy. "Our products are designed to reduce project risk and improve stakeholder alignment, to help unlock the trillions of dollars needed to deliver sustainable, equitable global prosperity. This funding allows us to grow the incredible team that will bring our first product to market. We are excited to hear from potential users and stakeholders as we move toward launch, and in particular hydrogen consumers interested in participating in our offtaker survey program."
For further information: press@othersphere.io, Phone: +1 (236) 428-4400
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Topography is one of the many variables within the Othersphere Explorer tool used to reveal and diligence optimal siting of sustainable infrastructure projects. To inform this analysis we use licensed data, open data, and novel datasets we have created or augmented. Our topography data is an example of the latter, where we built upon the exceptional work within the Multi-Error-Removed Improved-Terrain Digital Elevation Model (MERIT DEM).
🔍 Augmented for massive-scale analysis
To make this sophisticated dataset even more accessible, we have introduced tiling to the MERIT DEM. Each tile offers detailed elevation and ruggedness data, enhancing usability for systematic geographical analyses.
🚀 Tackling climate must be a group effort
We are excited to release this tiled dataset derived from MERIT DEM, adhering to licensing requirements and aiming to benefit the broader community working on topographical challenges. This data is provided as a parquet file (~4.5GB) and is access through Google Cloud Storage. Please click here to learn more about setting up a Google account to access the data and here to learn more about gsutil for downloading files. Alternatively, please contact explore@othersphere.io can we can work with you to determine other file delivery options.
Multi-Error-Removed Improved-Terrain Digital Elevation Model (MERIT DEM) is a sophisticated dataset that addresses terrain issues common in other mapping efforts.
Ensuring sufficient market demand is essential for any infrastructure project, and hydrogen is no different.
But a key challenge facing project developers today is finding and engaging offtakers for lower GHG hydrogen, especially those willing to sign long-term offtake agreements.
At Othersphere, we're focused on simplifying this complex challenge. Our Othersphere Explorer tool is designed to empower developers by providing instant assessments of potential offtakers accessible from any project site around the globe, and how competitive various hydrogen production technologies will be in serving them.
🌍 Today
Our tool currently models delivered prices to over 8,000 industrial facilities, including refineries, ammonia plants, methanol plants, ports, and steel mills (yellow points).
🚀 In progress
We are currently adding fueling stations and airports (white points), adding over half a million emerging hydrogen demand locations.
🔍 Future
We have a number of other offtaker types queued up for integration, and so please reach out if you have suggestions or simply want to learn about how we source and process this complex data.
🤝 Collaboration
If you're a project developer or offtaker navigating these challenges, we're here to help. Please reach out to explore@othersphere.io or schedule a demo to learn more.
Ensuring sufficient market demand is essential for any infrastructure project, and hydrogen is no different. But a key challenge facing project developers today is finding and engaging offtakers for lower GHG hydrogen, especially those willing to sign long-term offtake agreements.
Please reach out if you would like to learn more about Othersphere, our products, and opportunities to partner in accelerating global industrial decarbonization.