ClimaTwin Releases Climate Risk Intelligence Solution Purpose-built for Electric Utilities

Rhea-AI Summary

On March 7, 2023, ClimaTwin, a climate risk intelligence provider, introduced a software-as-a-service solution for energy infrastructure and electric utilities, leveraging integration with SPIDA, a Bentley Company (NASDAQ: BSY). This innovative solution offers a bottom-up approach to assess climate risks for individual assets, such as utility poles and substations. ClimaTwin aims to help stakeholders mitigate risks and prioritize adaptive spending across extensive asset networks. The integration allows users to visualize future climate impacts on millions of assets, providing them with actionable insights to enhance resilience against climate extremes.

Positive

• ClimaTwin's solution offers a unique bottom-up approach tailored for infrastructure professionals.
• The integration with SPIDA enables enhanced analysis and insights for asset management.
• Potential for 5-10 times near-term returns by mitigating climate risks.

Negative

• None.

Software-as-a-service solution purpose-built for energy infrastructure and electric utilities, driven by deep integration with SPIDA^®, a Bentley Company

BOSTON, March 7, 2023 /PRNewswire/ -- ClimaTwin^®, Climate Risk Intelligence for Infrastructure Digital Twins™, is proud to announce a software-as-a-service solution purpose-built for energy infrastructure and electric utilities, driven by deep integration with SPIDA^®, a Bentley Company (NASDAQ: BSY). SPIDA is the enterprise solution provider that helps electric utilities and telecommunications companies model, analyze, and manage overhead infrastructure assets.

Unlike other generic, climate-related applications with broad-based, top-down approaches spread across multiple verticals, ClimaTwin's solution offers an asset-specific, bottom-up approach -- designed by infrastructure professionals for infrastructure professionals. In energy infrastructure and electric utilities, owner-operators, engineers, and other stakeholders can now mitigate climate risks, assess adaptation actions, and prioritize resiliency spending for each individual utility pole, overhead line, transmission tower, or substation transformer, across thousands or millions of geographically-distributed assets in a power grid, utility network, or capital program.

ClimaTwin Co-founder and CEO Adam Omansky highlights "Now, with simple and secure integration to SPIDA, energy and utility stakeholders can perform complex analysis and gain actionable insights into future weather and climate extremes across millions of assets -- visualizing and analyzing a broad spectrum of hazards, vulnerabilities, and risks over decades in the future, and hyper-localized down to the specific geolocation of each asset."

General Manager of SPIDA, Brett Willitt explains "ClimaTwin's deep integration with SPIDA now enables utility and telecommunication stakeholders, from owner-operators to engineers, to develop lifecycle digital twins and gain asset-specific insights into system risk and resilience to future weather and climate extremes. We're excited to partner with ClimaTwin, their innovative solution addresses a mission-critical need for Bentley and SPIDA customers to future-proof their assets."

About ClimaTwin

ClimaTwin^® is a leading climate risk intelligence solution for infrastructure assets and the built environment.

We empower infrastructure stakeholders to mitigate climate risks and assess adaptation actions across the total asset lifecycle. By connecting complex climate models and infrastructure digital twins, our solution enables engineers, owner-operators, and governments to aggregate, visualize, and analyze disparate datasets, revealing site-specific insights at the hyper-local scale of assets. Benefits include 5-10x near-term returns and lifetime cost-avoidance by mitigating risks to systems, services, and societies.

To learn more about climate risk intelligence for your infrastructure assets, please visit https://climatwin.com today.

Future-proofing Assets Today for Tomorrow's Climate Extremes™

View original content:https://www.prnewswire.com/news-releases/climatwin-releases-climate-risk-intelligence-solution-purpose-built-for-electric-utilities-301763730.html

SOURCE ClimaTwin Corp.

FAQ

What is ClimaTwin's new software solution for electric utilities?

ClimaTwin launched a software-as-a-service solution designed for energy infrastructure, integrating with SPIDA to assess climate risks for specific assets.

How does the integration with SPIDA benefit ClimaTwin's users?

The integration allows users to perform complex analysis on future climate impacts, enhancing their ability to manage millions of assets effectively.

What date was the ClimaTwin solution announced?

The ClimaTwin solution was announced on March 7, 2023.

What company is involved in the SPIDA integration with ClimaTwin?

SPIDA is a Bentley Company, providing solutions for electric utilities and telecommunications.

What potential benefits does ClimaTwin claim to offer?

ClimaTwin claims to provide 5-10 times near-term returns and lifetime cost avoidance by mitigating climate risks.