Upwing Energy Achieves Carbon Neutral Certification

Innovative Artificial Lift Technology Will Help Oil and Gas Companies Meet Environmental and Production Goals

CERRITOS, Calif. – February 24, 2021 – Upwing Energy, an artificial lift technology company serving the oil and gas industry, announced today that it has been independently certified as a carbon neutral company under the PAS 2060 Carbon Neutrality standard.

The company’s certification will benefit exploration and production companies by adding a carbon neutral company to their supply chain, in addition to reducing their own carbon footprint with Upwing’s advanced subsurface compressor technology.

Upwing Energy’s carbon neutral certification was awarded by SCS Global Services, an internationally recognized third-party certification body, which performed a full assessment of the company’s greenhouse gas emissions in accordance with the PAS 2060 standard.

“Upwing Energy is an innovative leader in its industry, becoming the first oil and gas equipment manufacturing company certified by SCS to achieve carbon neutrality based on the PAS 2060 standard,” said SCS’ David Jonas, Program Manager for Climate Consulting Services. “It has set an important precedent for oil and gas equipment manufacturing companies to demonstrate greenhouse gas emissions reductions. We applaud Upwing Energy’s commitment to carbon neutrality.”

In addition to its own emission reductions, Upwing Energy is committed to helping the oil and gas industry meet its environmental and production goals. Exploration and production companies can reduce their own carbon emissions by replacing existing topside wellhead compressors with a much cleaner and effective subsurface compressor system, which increases gas production from existing wells by 150 percent or more as compared to wellhead compressors.

“This is a clear win for our industry and a great example of how a technology can simultaneously help companies achieve their economic goal of increasing gas production and their environmental goal of reducing carbon emissions,” said Herman Artinian, President and CEO of Upwing Energy.

“I am extremely proud that we are the first among our peers to have been certified for carbon neutrality,” said Artinian. “We are committed to maintaining our certification and will continue to push the envelope to find and implement innovative solutions that will reduce the environmental impact while simultaneously increasing the productivity of our industry.”

Upwing Energy achieved carbon neutrality by measuring its scope 1, 2 and 3 carbon footprint, purchasing and retiring carbon offsets to neutralize its footprint, and implementing plans to reduce emissions within the company. These emission reduction activities include an environmental employee education program, an electric vehicle charging initiative, a recycling program and an advanced planning initiative for sustainable business travel, local shipment of goods, and limited mobile and stationary machine usage.