Bright Sensor SA secures funding to develop second-generation, state-of-the-art gas sensor
Bright Sensor SA, the Swiss based gas sensor and analyzer manufacturing company, has secured a 10-year CHF 900.000 ($989,385 USD) loan guarantee from the Technology Fund of the Swiss government`s Federal Office for the Environment (FOEN). Bright Sensors is working to further develop its second-generation state-of-the-art gas sensor aimed for increased energy efficiency, CO2 reduction, biomethane and hydrogen applications.
The 10-year loan guarantee enables Bright Sensors SA to further develop and globally market its patented gas sensor technology allowing ultra-low cost, real time, and accurate gas quality measurement. The credit line will be primarily used for the further development of Bright Sensors existing technology enabling the combination of multiple measuring principles within the same MEMS based sensor cell. The sensor cell economically solves the technical challenge of increasing gas quality variation resulting from growing biomethane production and hydrogen blending in natural gas, while simultaneously improving the combustion efficiency.
Together these two factors will significantly reduce CO2 emissions. Bright Sensors` CEO Bart Riemens, stated, "We are extremely honored to be awarded this loan guarantee by the Technology Fund. It proves the environmental benefits our technology offers. This loan guarantee is a recognition of the long road behind us to commercialize our novel technology and the progress we’ve made over the last five years since we spun off from EPFL. We now have two industrialized products to market, and thanks to the support of Technology Fund, we can expand our product line and start marketing our analyzers globally.”
“More and more enterprises look into improved operational efficiency to reduce greenhouse gas emissions. We are therefore happy to support Bright Sensors SA, an innovative company for development, production and commercialization of gas quality sensors that allow natural gas to be safer, cleaner, more efficient and enable decarbonization,” Simone Riedel Riley, general manager of the Technology Fund, said.
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