French LNG containment giant GTT has purchased a minority stake in Norwegian gas technology startup Tunable.
GTT said in a statement it took the stake via a 6.4 million euro ($6.39 million) investment round co-led with Trumph Venture, with the participation of the company’s existing shareholders.
According to the statement, tunable designs and manufactures compact multi-gas analyzers based on MEMS technology, combining micro and nanotechnology with infrared spectroscopy.
The sensors developed by Tunable identify and analyze multiple gases simultaneously and provide, in real time, “fast, reliable, and accurate measurements,” GTT said.
Tunable’s technology has already established itself in exhaust gas measurement and fuel gas analysis on ships.
According to Tunable’s website, the firm previously provided a natural gas analyzer with sampling conditioning on FSRU Hoegh Galleon.
GTT said it had started to work with Tunable to design, commercialize and implement boil-off gas composition and emissions monitoring systems for maritime applications, thereby “contributing to emissions reduction and improve the operational efficiency of the shipping industry.”
Beyond its shipping applications, Tunable is also developing new fields of application for its technology, including, for example, air quality and workplace environment or detection of explosive or hazardous gases, according to GTT.
GTT’s chief Philippe Berterottière said in the statement that this minority investment “is consistent with our positioning in digital solutions.”
“In the future, we intend to continue to seek new investments in innovative technology companies that can contribute to enriching GTT’s portfolio of solutions and technologies,” he said.