Daphne Technology, a Switzerland-based industrial decarbonisation company solving the methane slip problem in natural gas engine exhaust gases, has announced the first close of its current round, led by Taranis, a London sustainability investor.
Taranis joins Shell Ventures and Trafigura as key investors supporting Daphne. The capital raised will fund the establishment of US manufacturing capacity, support additional product development, and expand field deployment and technical service capabilities. The funding accelerates commercial rollouts targeting midstream and upstream natural gas operators, who face growing regulatory and reputational pressure to reduce methane emissions from their engine fleets.
Methane slip, unburned methane in the exhaust of natural gas engines, accounts for a significant proportion of GHG emissions from LNG dual-fuel marine engines and gas-fuelled engines in other industrial sectors. With Section 136 of the US Clean Air Act and EU ETS regulations targeting methane slip, coupled with a rapidly growing constellation of methane-monitoring satellites, the pressure on gas engine operators to act is intensifying. The engineering and product advances driven by land-based deployments are expected to accelerate Daphne´s broader marine product development, targeting emissions from vessel engine exhaust.
Daphne’s SlipPure responds directly to this challenge, using a patented plasma-catalytic process to deliver 90% methane reduction alongside removal of 99% of carbon monoxide, 99% of formaldehyde, and 60% of NO₂, with no moving parts, no engine modification required, and, based on Daphne’s analysis, a total cost of ownership significantly lower than the methane penalties outlined in the Clean Air Act. A field demonstration is underway on a 2,000bhp four-stroke lean-burn engine at a leading US midstream operator.
Jamie Brick, Interim CEO, Daphne Technology, said: “Our mission is to solve the methane slip problem at scale, across every natural gas engine that needs it. This financing is a key milestone in getting there, and closing it with Taranis, an investor with a deep commitment to sustainable energy solutions, reflects the growing conviction that methane abatement is both a commercial and climate imperative. Forward-thinking operators have moved beyond setting emissions targets to executing on them. SlipPure gives them a cost-effective, field-ready tool to do exactly that.”
Taranis MD David Sorin added: “Successfully tackling the impact of methane as a warming gas will be a turning point in reducing emissions worldwide. Our investment in Daphne reflects Taranis’ commitment to delivering this turning point through technological advancement that makes decisive impact to methane abatement,”
SlipPure has attracted interest from operators and investors across the US and international markets, reflecting growing urgency to address methane slip as both a regulatory and climate priority. Daphne Technology believes it is the only provider offering a validated, scalable methane abatement system specifically for lean-burn gas engines.
Image: Jamie Brick, Interim CEO, Daphne Technology (source: Daphne Technology)
