bp Ventures and EIP co-led the $25 million USD Series C funding round, that will be used to scale up Oxford Flow’s operations.
Originally founded by Professor Thomas Povey, Oxford Flow is a spin-out of the Oxford Thermofluids Institute (OTI), an internationally renowned facility for aerospace solutions for jets and rockets, at the University of Oxford. The company’s technology has no mechanical drive train, stem or diaphragm, mitigating failure modes and leak paths and helping to address some of the challenges faced by the energy sector including improving valve reliability, reducing maintenance costs, and minimizing fugitive emissions.
Fugitive emissions are emissions leaks from operational equipment, such as valves and compressors, which can occur during the extraction, production, storage, transportation or use of fuels. By reimagining the valve design, Oxford Flow has addressed this issue to create valves and regulators that significantly reduce wear, maintenance requirements and minimize fugitive emissions from valves.
Courtesy of Oxford Flow.