Investors have infused $5 million into a Rhode Island company to help globalize its cutting-edge industrial valve technology that helps stop methane leaks in oil and gas infrastructure.
Clarke Valve, founded in 2011, is based at Quonset Business Park in North Kingstown. Its CEO, Kyle Daniels, is inventor of the patented Dilating Disk Valve, a climate-friendly alternative to traditional industrial valves.
The new technology can radically reduce the release of so-called “fugitive emissions” into the atmosphere, according to the company.
“Our technology helps customers meet their emission reduction targets, especially with methane,” Daniels said in a statement.
The Series D funding round was led by Flowserve Corporation, a global provider of flow control products — in other words, pumps, seals and valves — for industrial infrastructure markets.
In a news release, Flowserve president and CEO Scott Rowe said that the investment will yield “mutual opportunities.” He added that the partnership with Clarke Valve will help Flowserve advance its decarbonization strategy “and make the world a better place for everyone.”
Courtesy of Clarke Valve.