Morgan Stanley Investment Management (MSIM) announced that the 1GT climate private equity strategy (1GT) invested $30 million to lead a growth equity funding round in Insight M, which is a leader in cost-effective methane management solutions for the energy sector. The initial closing includes participation from existing investors DCVC, Climate Investment and Energy Innovation Capital.
What Insight M does: With proprietary sensors mounted on aircraft, Insight M collects and provides high-resolution data on fugitive methane emissions to its customers to help them identify, quantify, and repair emitting energy infrastructure.
Insight M also serves energy operators in every producing region in the United States, as well as in many areas globally. The industry leverages Insight M’s industry-leading methane emissions dataset to provide some of the most reliable insights, benchmarks, and rankings on the market today.
Problem being addressed: Large infrastructure operators are responsible for a high proportion of preventable methane emissions. Detecting fugitive methane emissions is a major first step in helping operators reduce their methane emissions, which have both an environmental and financial cost. Insight M’s aerial modality provides a commercially compelling balance between accuracy and cost-competitiveness. Since its founding, the company has enabled the avoidance of more than 110 million metric tons of CO2e (GWP100), equivalent to planting 1.9 billion urban trees and allowing them to grow for 10 years.
KEY QUOTES:
“Fugitive methane emissions are profoundly consequential from an environmental, operational, and financial perspective. We believe that Insight M offers a highly compelling solution to help the industry detect and repair such emission events in a timely and cost-effective manner, leveraging its proprietary detection technology and distinctive data aggregation capabilities. “This investment supports 1GT’s ongoing mission to provide capital at the critical growth stage to companies whose products and services deliver a transformational climate impact.”
Vikram Raju, MSIM’s Head of Climate Private Equity Investing and 1GT
“We believe effective methane management means advancing operational success, public trust, and environmental stewardship—together. This funding round will accelerate our efforts to deploy pragmatic and complete solutions to energy operators around the world, helping them increase profits while reducing emissions.”
David Bercovich, Insight M CEO
