NGON Solutions (Accelerator)

Company Description: NGON’s mission is to help the oil industry eliminate flaring of natural gas by capturing, converting and utilizing the gas onsite in an environmentally friendly way. NGON captures excess gas before it is flared and converts it onsite to usable energy. We provide and operate modular equipment for upstream and industry operators without economic access to a pipeline. Our solution reduces aggregate emissions for our producer clients by 40-60% per site, and provides competitive power pricing for our hosting clients while utilizing off-grid economics. Our regulatory tailwinds are robust, from methane taxes levied from the IRA, endorsement from Federal agencies as additive to US climate and economic goals, and tax rebates from state emissions regulators. Oil producers feel the urgency to address their fugitive emissions immediately, and NGON's services provide a turnkey solution with positive economics.