Sompo teams up with Momentick, the Israeli startup sensation.

July 10, 2024
1 min read

TLDR:

  • Sompo, a top Japanese insurance company, partners with Israeli startup Momentick to monitor and measure greenhouse gas emissions using satellite imagery.
  • The collaboration is crucial for Japanese companies facing fines and sanctions for exceeding emission limits outside Japan, particularly in the US and Europe.

Sompo’s partnership with Momentick aims to address the growing need for technologies to monitor greenhouse gas emissions in the global race to reduce carbon footprints and slow global warming. Momentick’s technology, using satellite images to detect methane emissions, has shown promising results and is being tested for potential integration into Sompo’s risk management services. The collaboration involves data analysis with Japanese environmental research departments and invites participation from energy market companies for technical verification.

Sompo’s innovative approach to environmental sustainability, coupled with Momentick’s advanced technology, showcases the potential for impactful solutions in addressing climate change and helping companies navigate regulatory challenges.

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