Pointerra awarded US$1.63 million US DOE contract

Pointerra Limited (ASX: $3DP) has been awarded a US$1.63 million contract by the US Department of Energy (DOE) for an R&D program. The program aims to model a range of electric grid resilience investment scenarios by electric utilities, collaborating with select Northeast US region electric utilities and university partners.

Executive Commentary

The purpose of the Program is to help electric utility companies in the Northeast of the US develop a cost-benefit methodology that enables them to assess the long-term resilience value of certain grid resilience investments, including asset hardening, vegetation management, and line undergrounding activities. Pointerra will acquire and process 2D and 3D data to build digital twins of circuits in the service territories of the utility partners in Pointerra3D. The Program will then use Pointerra3D to develop a dynamic risk assessment model that provides scenario analysis capabilities to evaluate the impacts of various grid resilience investments under forecasted climate change scenarios. Finally, the Program will perform a cost-benefit analysis to evaluate outage reduction efficiency of various resilience investment strategies. The award of this contract, leading a high-profile group of electric utilities and universities enhances Pointerra's visibility and credibility in the US electric utility sector. The Program results will produce a best practice approach that the DOE intends to be scalable across multiple regions throughout North America. This will provide Pointerra invaluable exposure and validation of its Pointerra3D digital twin solution for the US electric utility sector, which is collectively engaged in multi-billion dollar, multi-year grid resilience programs.

Summary

Pointerra Limited (ASX: $3DP) has been awarded a US$1.63 million contract by the US Department of Energy (DOE) for a Program to model a range of electric grid resilience investment scenarios by electric utilities. The Program aims to help electric utility companies in the Northeast of the US develop a cost-benefit methodology to assess the long-term resilience value of certain grid resilience investments. Pointerra will collaborate with select Northeast US region electric utilities and university partners to develop a comprehensive risk assessment model and economic analysis. The Program will use Pointerra3D to build digital twins of circuits and develop a dynamic risk assessment model to evaluate the impacts of various grid resilience investments under forecasted climate change scenarios. The contract is expected to be complete within 12 months from commencement, and by 30 June 2025, providing Pointerra with enhanced visibility and credibility in the US electric utility sector.