Company: Climavision
CEO: Chris Goode
Website: https://climavision.com
About Climavision
The global energy industry is both struggling to keep up with demand due to an increased reliance on AI and facing billions of dollars in damages from increasingly volatile yet predictable weather events. On top of that, the same weather events that are threatening these energy companies around the world are also putting more and more communities who lie in their path in danger.
In 2021, Climavision set out to give local governments and energy companies control of what was previously uncontrollable by getting ahead of weather and making it part of their everyday operations through the use of AI combined with real-world observations.
To do this, Climavision has introduced a two-part business model. The company has built a radar network across the U.S. (currently in 15 states with the goal of installing over 200 radars) that supplements the government’s NEXRAD network and provides data to NOAA. This growing network ensures that both local governments and energy companies have access to hyper-local weather data where there are currently observational “gaps” – or regions that lack access to accurate weather forecasts, but where 130 million people live.
For Emergency Management Agencies who work to keep their communities safe, including from dangerous storms, this means they now have more accurate weather forecasting tools in regions that were previously in these “gaps.” This allows them to create more effective warning systems and save lives when previously unpredictable weather hits.
It has additionally built a series of weather models, enhanced by AI, to collect and combine millions of weather observations generated by satellites, radars and weather stations from around the world, in addition to its own radar data. It then uses the resulting insights to create continuously updated weather forecasts that are more accurate than publicly available forecasts many companies and governments rely on.
For energy companies, having access to hyper-local data lets them get ahead of severe weather events they once learned about last-minute to fortify infrastructure, keeping consumers’ power running no matter what’s happening, and keeping up with everyday weather events that have a disproportionate effect on demand, output, pricing and operations.
Major energy companies, like CenterPoint Energy in the Southern United States, have integrated Climavision’s AI-enhanced forecasting and are actively using its hyper-local insights to create more resilient electrical grids and protect customers from dangerous outages. Climavision also creates regular seasonal forecasts, which range from 1 month to 2 years, to underpin long-term business decisions and guide investments.
Climavision is currently expanding its work with other industries, including aviation, defense, insurance, media, autonomous vehicles and smart cities. As the climate continues to change, and companies and residents around the world are more and more at risk of storm-related injuries, Climavision’s work to predict weather events weeks, months and years in advance is leading the climate technology industry and building a safer, more efficient future.
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