HOUSTON/CALGARY, January 20, 2023 – INGU Solutions (INGU), a Calgary/Houston-based technology company whose Pipers® technology is designed to be the most efficient and economic pipeline solution for the water and oil & gas pipeline infrastructure, today announced a follow-on investment adding Williams as a strategic investor. Williams along with existing investors, Chevron Technology Ventures and Energy Innovation Capital, bring its total Series A round to 10 million Canadian Dollars.
“We view this investment as a right here, right now opportunity to enhance pipeline integrity data from our existing natural gas pipeline operations while also positioning Williams to play a leading role in a low-carbon energy future that includes large-scale transportation of hydrogen and carbon through pipeline infrastructure,” said Chad Zamarin, senior vice president of Corporate Strategic Development for Williams. “As a strategic investor we are excited about this ground-breaking approach to pipeline inspection, and we are eager to support INGU’s growth in the natural gas sector to ensure we are operating in the safest, smartest and most efficient manner possible.”
INGU is active in 18 countries around the world and inspected over 2,000 miles of pipeline. “Our mission is to help our clients to achieve Net Zero and ESG compliance by integrating our Pipers® pipeline inspection solution into their integrity programs,” said John van Pol, CEO of INGU. “We are excited that Williams as an industry-leading gas operator believes in our mission. With both Williams and Chevron on our team, we’re set to increase our impact on the global energy industry.”
INGU has received global recognition throughout the years. In 2019 INGU was recognized as an Innovation Pioneer by CERAWeek, INGU received the Spotlight on New Technology Award at the 2021 Offshore Technology Conference, in the same year INGU’s COO Anouk van Pol was selected for the prestigious Forbes 30 Under 30 list, and in 2022 Frost & Sullivan recognized INGU as the Technology Innovation Leader in the North American pipeline inspection technology industry.
As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage, and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating, and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas, and other innovations at www.williams.com.
About Chevron Technology Ventures
Chevron Technology Ventures pursues technologies and new business solutions that have the potential to enhance the way Chevron delivers affordable, reliable and ever-cleaner energy. For more information, please visit www.chevron.com.
Energy Innovation Capital is the premier capital provider for innovators serving the energy industry. EIC provides early and growth-stage funding for visionary entrepreneurs tackling global energy challenges with transformative, market-leading solutions. EIC’s team leverages our industry expertise, networks and collaborative approach to help talented entrepreneurs push the boundaries of what’s possible and build great companies. To learn more, visit www.energyinnovationcapital.com.
INGU’s Pipers® technology is the most efficient and economical pipeline inspection solution to achieve Net Zero and ESG compliance for the water and oil & gas pipeline infrastructure. The patented self-serve approach gives full control to the pipeline operator and is designed to actively monitor changes in pipeline condition. By combining inline leak detection, deposit surveys, and wall condition monitoring, the Pipers® technology provides operators full insight in all pipeline assets under all conditions allowing them to make well informed decisions to keep their pipelines safe and efficient. For more information, please visit www.ingu.com.