Pointerra Limited (ASX: 3DP) has secured a US$2 million contract extension from the U.S. Department of Energy to enhance its existing hurricane impact analysis program. This initiative aims to optimize resource allocation, minimize power outages, and boost grid resilience in hurricane-prone areas. Using its Pointerra3D platform, the company will create digital twins of electric utility grids, develop a change detection model to assess hurricane impacts and evaluate grid hardening strategies.
This contract underscores Pointerra's growing prominence in the U.S. electric utility sector, where multi-billion-dollar grid resilience investments are underway. It also validates the scalability and utility of Pointerra3D in addressing critical infrastructure challenges. This project further positions Pointerra as a key player in North America's digital transformation and grid modernization efforts.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.