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Picarro

Saturday, 18 May 2013 | 11:53 AM ET
Disruptors Shaking Up the Energy Industry
CNBC's Julia Boorstin reports on new companies like MicroSeismic, Picarro, Opower, and Nest Labs that are competing head to head with established energy companies.

What
Gas measurement instruments that can be used across the globe to track fossil fuel emissions. Information age data provider to public and private sector players at the center of energy, climate policy and fracking debate.

Disrupting
Energy and climate markets; coal, oil and gas, renewable energy and utilities.

Source: Picarro

Headquarters: Santa Clara, Calif.
CEO: Michael Woelk
Year founded: 1998
Number of employees: 90
Funding: $56 million
Key investors: Benchmark Partners, Greylock Partners, DAG Ventures, Focus Ventures, Mingxin China Growth Fund, Nippon Telephone & Telegraph Finance, Stanford University/Stanford Management

Vital Stats

  • 115 percent five-year compound annual growth rate
  • Revenue growth 2012-2013 expected to be greater than 30%
  • Expected to reach profitability in 2013
  • Awarded major natural gas pipeline monitoring project by Pacific Gas and Electric (PG&E)
  • Picarro Surveyor for natural gas leaks is 1,000 times more sensitive than traditional gas leak detection methods, with parts-per-billion (ppb) versus parts-per-million (ppm) sensitivity
  • Picarro emissions detection technology functions in a moving vehicle
  • Pacific Gas and Electric (PG&E) substantiated that Picarro Surveyor detected five times more gradable natural gas leaks in one-tenth of the time
  • Clients across corporate, government and academic sectors

On Disruption

"We define disruption as the extreme simplification of highly complex scientific measurement technology. Now anyone that can read a map and drive a car can detect and measure natural gas leaks." -Michael Woelk, President and CEO

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Contact CNBC Disruptors

  • Email: cnbcdisruptor@nbcuni.com

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