Montrose Selected By Energy Major to Deliver Methane Monitoring at Scale

Rhea-AI Summary

Montrose Environmental Group (NYSE: MEG) has secured a significant contract with a multinational energy company for emissions monitoring across multiple U.S. operating basins. The project, valued at over $3 million for 2025, involves deploying advanced optical gas imaging and engineering-driven inspection techniques.

The company's methodology has demonstrated approximately 60% reduction in reported emissions compared to default EPA factors. Montrose's approach combines software solutions, field teams, and in-house regulatory expertise to help clients optimize regulatory reporting and align with global frameworks like OGMP 2.0.

The initiative aims to generate site-specific emissions data, enabling more accurate emissions inventories while improving operational decision-making, cost reduction, and employee safety.

Positive

• Secured $3 million contract for 2025 with major energy company
• Technology demonstrates 60% reduction in reported emissions vs EPA factors
• Project spans multiple operating basins across three U.S. states

Negative

• None.

LITTLE ROCK, Ark., April 14, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company", "Montrose" or "MEG") (NYSE: MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us, and aims to enhance environmental stewardship and economic development. In response to rising global demand for energy and continued expectations around environmental stewardship, Montrose Environmental Group has been selected by a public multinational energy company to support their emissions monitoring needs. Montrose will deploy across multiple operating basins in three U.S. states. Valued at over $3 million in awarded work for 2025, the project underscores sustained demand from key Montrose clients.

"With energy security more critical than ever, this partnership proves that powering the world and protecting the planet are not mutually exclusive," said Vijay Manthripragada, President and CEO of Montrose Environmental Group. "Our field teams are deploying software, advanced optical gas imaging and engineering-driven inspection techniques to help clients minimize greenhouse gas emissions and reduce costs. Early results from these types of projects show an approximately 60% reduction in reported emissions compared to default EPA factors."

These efforts go beyond compliance. By generating site-specific emissions data, Montrose is helping the client optimize its regulatory reporting and align with global voluntary frameworks like OGMP 2.0. The result: more accurate emissions inventories that inform operational decision-making, reduce costs, improve employee safety, safeguard reputation, and accelerate progress toward the organization's broader goals.

With one of the largest air quality teams in North America, supported by leading software solutions, in-house regulatory experts and robust QA/QC protocols, Montrose continues to lead in delivering emissions solutions that serve both the planet and industry.  Even in the face of U.S. regulatory uncertainty, we are partnering with leading energy companies to deliver operational insights, reduce emissions, and strengthen their market position.

About Montrose

Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today and prepare for what's coming tomorrow. With ~3,410 employees across 120 locations worldwide, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling Montrose to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, environmental emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.

Forward‐Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2024, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Contact Information:

Investor Relations:
Adrianne D. Griffin
Senior Vice President, Investor Relations and Treasury
(949) 988-3383
ir@montrose-env.com

Media Relations:
Tammy Hovey
Director, Corporate Communications
(917) 520-2751
pr@montrose-env.com

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SOURCE Montrose Environmental Group, Inc.

FAQ

What is the value of Montrose Environmental Group's (MEG) new emissions monitoring contract?

The contract is valued at over $3 million in awarded work for 2025.

How effective is MEG's emissions monitoring technology compared to EPA standards?

Early results show approximately 60% reduction in reported emissions compared to default EPA factors.

What geographical scope does MEG's new emissions monitoring project cover?

The project covers multiple operating basins across three U.S. states.

How does MEG's emissions monitoring system benefit energy companies?

It provides site-specific emissions data, optimizes regulatory reporting, reduces costs, improves safety, and aligns with global frameworks like OGMP 2.0.

What technologies does MEG use for emissions monitoring?

MEG uses software, advanced optical gas imaging, and engineering-driven inspection techniques.