MIRICO
MIRICO provides continuous methane and gas emissions monitoring for oil and gas operators using proprietary Laser Dispersion Spectroscopy. Founded in 2015 as a UK STFC spin-out, it serves energy enterprises globally via as-a-service subscriptions bundling hardware and analytics.
- Company typePrivate
- Founded2015
- HeadquartersDidcot, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What MIRICO does
MIRICO is a UK-based climate technology company that provides continuous methane and other gas emissions monitoring for the energy sector. Founded in 2015 as a spin-out from the STFC (Science and Technology Facilities Council) RAL Space Department at Harwell Campus, the company commercialises Laser Dispersion Spectroscopy (LDS), a patented optical sensing technique that measures differential phase changes induced by gas molecules rather than conventional optical absorption. This core technology underpins the ORION® laser-based sensor, which uses eye-safe lasers and reflectors to provide wide-area monitoring across up to 1 km² per sensor with parts-per-billion sensitivity and sub-0.5 kg/hr quantification precision. Validated detection spans methane, nitrous oxide, carbon dioxide, and ammonia, with H2S and SF6 on the roadmap.
The company's product portfolio includes the ORION® instrument, an extractive gas analyser for point-source measurement, a cloud-based analytics platform that processes raw sensor data to characterise emissions events in near real time, and a customer-facing online reporting portal. MIRICO serves primarily oil and gas operators (including Shell and Enagás) and has completed more than 20 projects across five continents covering upstream production, processing, LNG hubs, and storage facilities, with stated pipeline extensions into biomethane and industrial processing. The business operates on an as-a-service subscription model with hardware, installation, and analytics bundled together, eliminating customer capex and supporting annual recurring billing. Go-to-market combines direct enterprise field sales (leveraging Shell Ventures and New Climate Ventures investor networks) with local channel partners for on-site deployment support, and the company is expanding commercial operations into North America following its June 2024 funding round.
MIRICO firmographics
Firmographics- Name
- MIRICO
- Legal name
- MIRICO Ltd
- Website
- https://mirico.co.uk
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MIRICO provides continuous methane and gas emissions monitoring for oil and gas operators using proprietary Laser Dispersion Spectroscopy. Founded in 2015 as a UK STFC spin-out, it serves energy enterprises globally via as-a-service subscriptions bundling hardware and analytics.
- Ownership category
- akta.pro rank
MIRICO industry classification
Industry- Product category
- Industrial Emissions Monitoring
- NAICS
- Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Analytical Laboratory Instrument Manufacturing (334516)
- SIC
- Laboratory Analytical Instruments (3826), Industrial Instruments For Measurement, Display, And Control (3823), Measuring & Controlling Devices, Nec (3829)
- akta.pro primary industry
- Fugitive Emissions & Leak Detection (LDAR, OGI, Methane) (EUAHADAB)
- akta.pro secondary industries
- Process Analytical Instrumentation (Gas analyzers, spectroscopy, pH/ORP, conductivity) (IMAGAFAE), Leak Detection, Emissions & LDAR Testing (OGI, methane, fugitive emissions) (EUAEAHAL), Advanced Leak Quantification & Emissions Measurement (Methane Quantification/OGI/Flux) (EUAJADAK)
Keywords
Where MIRICO is headquartered
LocationHeadquarters
- HQ city
- Didcot
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
MIRICO business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- As-a-Service Emissions Monitoring: Subscription-based model with hardware and analytics bundled together. No capex required from customers - the company provides the sensor hardware, installation, and ongoing analytics as a recurring service. Remote monitoring and over-the-air updates are included.
- Hardware (as part of service bundle): Laser sensors deployed as part of the as-a-service offering. Hardware is included in the service bundle rather than sold separately as a one-time purchase.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | As-a-service emissions monitoring with bundled hardware and analytics |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
MIRICO product offering
Product offeringCore offering
MIRICO develops and delivers continuous methane emissions monitoring solutions using patented Laser Dispersion Spectroscopy (LDS) technology. Its ORION® laser sensor instrument and extractive gas analyser detect, localize, and quantify methane and other gas emissions across industrial facilities up to 1 km² per sensor. The offering is delivered as-a-service with hardware, installation, cloud-based analytics, and an online reporting portal bundled together, requiring no upfront capital expenditure from customers.
Product overview
MIRICO offers a unified emissions monitoring platform comprising the ORION® laser-based sensor instrument for wide-area remote detection, an extractive gas analyser for point-source monitoring, and a cloud-based analytics platform that processes sensor data to detect, localize, and quantify methane emissions in near real-time. The system is delivered as-a-service with hardware and analytics bundled together, accessible through an online reporting portal.
Differentiator
Problem solved
Functional benefit
Products and services
- ORION® Instrument
Quantifiable outcome
- Up to 1000x more sensitive than point sensors
- +6 more outcomes
Companies that use MIRICO
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
MIRICO technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
MIRICO partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- CapteriocoreStrategic collaboration to deliver integrated facility-level methane and flaring intelligence. Combines Capterio's satellite-based flare monitoring platform (FlareIntel) with Mirico's laser scanning methane detection technology. Creates a unique top-down (satellite) and bottom-up (on-site) monitoring solution for the energy industry. Stuart Bonthron (CEO of Mirico) and Mark Davis (CEO of Capterio) announced the partnership.
- Third Derivative (D3)minorMirico selected for D3's latest cohort and 18-month tailored programme. D3 is a global ecosystem that rapidly finds, funds and scales climatetech innovations, run by Rocky Mountain Institute (RMI). D3 has corporate partners with over $4T market cap, VC partners with over $8B AUM.
- International Fugitive Emissions Abatement Association (IFEAA)minorMirico joined IFEAA, an organization building a fugitive emissions concerned, cross-sector, un-biased, international community to promote understanding and awareness of fugitive emissions issues.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
MIRICO competitors and assessment
Company assessmentDirect peers
- Picarro: Picarro is the closest direct peer: it also builds laser-based cavity ring-down spectroscopy analyzers for greenhouse gas (CH4, N2O, CO2) quantification in industrial and environmental applications. Highly comparable product architecture, target customer (oil & gas operators), and use cases (fugitive emissions, LDAR).
- GHGSat: GHGSat provides satellite-based methane detection and quantification for oil & gas operators and industrial sites — competing for the same methane monitoring budget as Mirico but from a satellite/airborne perspective. Highly relevant as a competing measurement paradigm targeting the same compliance-driven customers.
- Aeroqual: Aeroqual manufactures gas and particulate monitoring sensors, including methane, for industrial and environmental applications. Comparable product category (gas sensing instrumentation), similar target segments (industrial, environmental compliance), though typically point-monitoring rather than wide-area laser.
Emerging players
- Carbon Mapper: A Planet Labs / RMI / nonprofit coalition operating satellites and airborne sensors to detect and quantify methane and CO2 point-source emissions. Competes with Mirico for methane MRV contracts at industrial facilities and represents the emerging top-down monitoring paradigm.
- LI-COR Biosciences: LI-COR produces high-precision analytical instruments for gas flux and trace gas measurement including CH4 and CO2, used in environmental and industrial research. Comparable instrumentation and spectroscopy-based product line, with overlap in the methane quantification use case.
Broad incumbents
- Teledyne FLIR (Optical Gas Imaging): Teledyne FLIR is the dominant supplier of Optical Gas Imaging (OGI) thermal cameras used in traditional LDAR programs — the incumbent technology Mirico is displacing. Highly relevant as the established player in facility-level methane leak surveys that Mirico's continuous monitoring contrasts with.
- Endress+Hauser: Global leader in industrial process analytical instrumentation including gas analyzers, with deep O&G customer penetration. Competes in the broader process gas measurement category and serves the same oil & gas operators Mirico targets.
- ABB Measurement & Analytics: ABB provides industrial gas analyzers, continuous emissions monitoring systems (CEMS), and laser-based process instrumentation to oil & gas, power, and chemicals customers. A broad incumbent competing for the same continuous emissions monitoring budgets.
- Honeywell Process Solutions: Honeywell offers fixed gas detection, CEMS, and emissions management solutions widely deployed across O&G and refining. Competes with Mirico at the facility-level for methane monitoring and ESG reporting projects, often as part of broader integrated control system sales.
Regional players
- Sewerin: Sewerin is a European manufacturer of gas leak detection and measurement equipment, with strong positioning in European gas utilities and distribution networks. Overlaps with Mirico on methane and gas leak detection but focused primarily on gas distribution rather than upstream/midstream O&G.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MIRICO social profiles
Digital presenceMIRICO financial estimates
Financial estimateRevenue estimate
Valuation estimate
MIRICO leadership team
Management profileNumber of profiles
Profiles4 records
MIRICO funding detail
Funding detailFunding overview
Funding rounds6 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MIRICO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MIRICO
What does MIRICO do?
MIRICO develops and delivers continuous methane emissions monitoring solutions using patented Laser Dispersion Spectroscopy (LDS) technology. Its ORION® laser sensor instrument and extractive gas analyser detect, localize, and quantify methane and other gas emissions across industrial facilities up to 1 km² per sensor. The offering is delivered as-a-service with hardware, installation, cloud-based analytics, and an online reporting portal bundled together, requiring no upfront capital expenditure from customers.
Is MIRICO a public or private company?
MIRICO is a private company. It is classified as venture growth investor backed and is currently operating.
When was MIRICO founded?
MIRICO was founded in 2015. It employs 11 to 50 people.
Where is MIRICO based?
MIRICO is headquartered in Didcot, United Kingdom, in the Europe region.
How does MIRICO make money?
Two revenue lines are on record. As-a-Service Emissions Monitoring is the primary driver. The others are hardware (as part of service bundle).
Who are MIRICO's main competitors?
Direct peers on record are Picarro, GHGSat and Aeroqual. Emerging players are Carbon Mapper and LI-COR Biosciences. Broad incumbents are Teledyne FLIR (Optical Gas Imaging), Endress+Hauser, ABB Measurement & Analytics and Honeywell Process Solutions. Sewerin is listed as a regional player.
Does MIRICO have an API?
No public API is recorded for MIRICO.
What industry is MIRICO in?
MIRICO's product category is Industrial Emissions Monitoring. Its primary akta.pro industry code is EUAHADAB, Fugitive Emissions & Leak Detection (LDAR, OGI, Methane), with a secondary code of IMAGAFAE, Process Analytical Instrumentation (Gas analyzers, spectroscopy, pH/ORP, conductivity). Its NAICS code is 334513 and its SIC code is 3826.