Canadian Manufacturing

XELS partners with Albo Climate for satellite imaging tech

Albo Climate's AI-powered satellite technology will enable XELS to monitor nature-based projects tied to its tokenized carbon offsets.

August 12, 2021  by CM Staff

Image Credit: XELS

XELS, a carbon offset platform utilizing blockchain and other technologies, has announced a partnership with Albo Climate, which specializes visualization of carbon sequestration projects through satellite imagery.

The goal of the collaboration is to enable XELS to validate nature-based carbon offset projects, including protected lands and reforestation efforts, through the use of Albo Climate’s scanning and monitoring systems.

XELS is sourcing “carbon sinks” and other nature-based climate solutions, which the company believes are the most beneficial to the environment and humanity at large.

Albo Climate combines artificial intelligence, remote sensing, and satellite imaging to determine how much carbon dioxide is removed by plants and soil in a specific area.

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“The key to unlock the carbon credit markets and have a significant impact on climate change is to bring cutting edge technologies – this is the right combination Albo Climate and XELS are bringing,” said Jacques Amselem, CEO, Albo Climate. “Together, we are combining Albo Climate’s ultra-accurate and transparent AI quantification of CO2 sequestration, with XELS secure block-chain-powered carbon credits trading.”

Albo Climate was founded in 2019 and is headquartered in Tel Aviv, Israel. The startup is also working with forestry and agriculture companies across the U.S. and Europe.