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CenterPoint Energy and Neara Announce Post-Hurricane Beryl Collaboration to Advance Electric Resiliency Across Greater Houston Region

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CenterPoint Energy (NYSE: CNP) has partnered with Neara to deploy AI-powered infrastructure modeling across its Greater Houston service area. This collaboration aims to enhance electric grid resilience, optimize safety and reliability, and reduce customer impact. Neara's technology will enable CenterPoint to:

1. Simulate severe weather events and their potential impact on infrastructure
2. Inform preparedness and response plans
3. Address high-risk vegetation along power lines
4. Identify critical equipment upgrades efficiently
5. Prioritize grid hardening improvements

This initiative follows CenterPoint's completion of the first phase of its Greater Houston Resiliency Initiative (GHRI). The company has announced a second phase (Sept 2024 - June 2025) and plans for a longer-term resilience investment of approximately $5 billion from 2026 to 2028.

CenterPoint Energy (NYSE: CNP) ha collaborato con Neara per implementare un modello infrastrutturale potenziato dall'AI nella sua area di servizio del Grande Houston. Questa collaborazione ha l'obiettivo di migliorare la resilienza della rete elettrica, ottimizzare la sicurezza e l'affidabilità, e ridurre l'impatto sui clienti. La tecnologia di Neara permetterà a CenterPoint di:

1. Simulare eventi meteorologici estremi e il loro impatto potenziale sull'infrastruttura
2. Informare i piani di preparazione e risposta
3. Affrontare la vegetazione ad alto rischio lungo le linee elettriche
4. Identificare in modo efficiente gli aggiornamenti critici delle attrezzature
5. Dare priorità ai miglioramenti della robustezza della rete

Questa iniziativa segue il completamento da parte di CenterPoint della prima fase della sua Iniziativa di Resilienza del Grande Houston (GHRI). L'azienda ha annunciato una seconda fase (settembre 2024 - giugno 2025) e progetti per un investimento a lungo termine in resilienza di circa 5 miliardi di dollari dal 2026 al 2028.

CenterPoint Energy (NYSE: CNP) se ha asociado con Neara para implementar un modelo de infraestructura impulsado por IA en su área de servicio del Gran Houston. Esta colaboración tiene como objetivo mejorar la resiliencia de la red eléctrica, optimizar la seguridad y la fiabilidad, y reducir el impacto en los clientes. La tecnología de Neara permitirá a CenterPoint:

1. Simular eventos meteorológicos severos y su posible impacto en la infraestructura
2. Informar sobre planes de preparación y respuesta
3. Abordar la vegetación de alto riesgo junto a las líneas eléctricas
4. Identificar de manera eficiente las mejoras críticas del equipo
5. Priorizar las mejoras de fortificación de la red

Esta iniciativa sigue a la finalización por parte de CenterPoint de la primera fase de su Iniciativa de Resiliencia del Gran Houston (GHRI). La empresa ha anunciado una segunda fase (septiembre de 2024 - junio de 2025) y planes para una inversión a largo plazo en resiliencia de aproximadamente 5 mil millones de dólares entre 2026 y 2028.

CenterPoint Energy (NYSE: CNP)는 Neara와 협력하여 AI 기반 인프라 모델링을 그레이터 휴스턴 서비스 지역에 배포했습니다. 이번 협력의 목표는 전력망의 복원력을 향상시키고, 안전성과 신뢰성을 최적화하며, 고객에 대한 영향을 줄이는 것입니다. Neara의 기술은 CenterPoint가 다음을 가능하게 합니다:

1. 심각한 기상 이벤트와 인프라에 미치는 잠재적 영향을 시뮬레이션합니다.
2. 준비 및 대응 계획을 알립니다.
3. 전력선 주변의 높은 위험 식생을 다룹니다.
4. 중요한 장비 업그레이드를 효율적으로 식별합니다.
5. 전력망 강화 개선의 우선순위를 정합니다.

이 이니셔티브는 CenterPoint가 그레이터 휴스턴 복원력 이니셔티브(GHRI)의 첫 번째 단계를 완료한 후 이루어졌습니다. 회사는 두 번째 단계(2024년 9월 - 2025년 6월)를 발표했으며, 2026년부터 2028년까지 약 50억 달러의 장기 복원력 투자 계획도 세우고 있습니다.

CenterPoint Energy (NYSE: CNP) s'est associé à Neara pour déployer un modélisation d'infrastructure alimentée par l'IA dans sa zone de service du Grand Houston. Cette collaboration vise à améliorer la résilience du réseau électrique, optimiser la sécurité et la fiabilité, et réduire l'impact sur les clients. La technologie de Neara permettra à CenterPoint de :

1. Simuler des événements météorologiques sévères et leur impact potentiel sur l'infrastructure
2. Informer les plans de préparation et de réponse
3. Traiter la végétation à haut risque le long des lignes électriques
4. Identifier efficacement les mises à niveau critiques des équipements
5. Prioriser les améliorations de la robustesse du réseau

Cette initiative fait suite à l'achèvement par CenterPoint de la première phase de son Initiative de Résilience du Grand Houston (GHRI). L'entreprise a annoncé une deuxième phase (septembre 2024 - juin 2025) et prévoit un investissement à long terme en résilience d'environ 5 milliards de dollars de 2026 à 2028.

CenterPoint Energy (NYSE: CNP) hat sich mit Neara zusammengeschlossen, um KI-gestützte Infrastrukturmodellierung in seinem Versorgungsgebiet Greater Houston einzuführen. Diese Zusammenarbeit zielt darauf ab, die Resilienz des Stromnetzes zu verbessern, die Sicherheit und Zuverlässigkeit zu optimieren und die Auswirkungen auf die Kunden zu reduzieren. Die Technologie von Neara wird es CenterPoint ermöglichen:

1. Schwere Wetterereignisse und ihre potenziellen Auswirkungen auf die Infrastruktur zu simulieren
2. Vorbereitungs- und Reaktionspläne zu informieren
3. Hochriskante Vegetation entlang von Stromleitungen anzugehen
4. Kritische Ausrüstungsupdates effizient zu identifizieren
5. Verbesserungen der Netzstabilität zu priorisieren

Diese Initiative folgt auf den Abschluss der ersten Phase der Greater Houston Resiliency Initiative (GHRI) durch CenterPoint. Das Unternehmen hat eine zweite Phase angekündigt (September 2024 - Juni 2025) und plant eine langfristige Investition in Resilienz von etwa 5 Milliarden US-Dollar von 2026 bis 2028.

Positive
  • Partnership with Neara to deploy AI-powered infrastructure modeling across 5,000-square-mile service area
  • Potential reduction in customer outages and accelerated restoration efforts
  • Completion of first phase of Greater Houston Resiliency Initiative (GHRI) ahead of schedule
  • Announcement of second phase of GHRI with system hardening and strategic undergrounding
  • Planned $5 billion investment in resiliency from 2026 to 2028
Negative
  • None.

Insights

CenterPoint Energy's collaboration with Neara marks a significant step towards enhancing grid resilience in the Greater Houston area. This partnership leverages AI and digital modeling to optimize safety, reliability and resilience of the electric infrastructure. Key points include:

  • Deployment of Neara's AI capabilities across a 5,000-square-mile service area
  • Potential to reduce customer outages and accelerate restoration efforts
  • Simulation of severe weather impacts on infrastructure
  • Support for vegetation management and critical equipment upgrades
  • Quantification of performance increases at the asset level

This initiative aligns with CenterPoint's broader Greater Houston Resiliency Initiative (GHRI), which includes a planned $5 billion investment in resilience from 2026 to 2028. The collaboration with Neara demonstrates CenterPoint's commitment to technological innovation in grid management, potentially setting a new standard for coastal electric grids. For investors, this signals a long-term strategy focused on infrastructure improvement and customer service enhancement, which could lead to increased operational efficiency and customer satisfaction.

The partnership between CenterPoint Energy and Neara represents a proactive approach to climate change adaptation in the energy sector. By employing AI-powered simulations to model the impacts of severe weather events like hurricanes, tropical storms, heat waves and flash floods, CenterPoint is positioning itself at the forefront of climate resilience planning. This strategy is particularly relevant given the increasing frequency and intensity of extreme weather events in coastal regions.

Key climate risk mitigation aspects include:

  • Predictive modeling for infrastructure vulnerabilities
  • Targeted system upgrades based on risk assessments
  • Improved preparedness and response to weather-related disruptions

From an investor perspective, this initiative demonstrates CenterPoint's commitment to long-term risk management and adaptation to climate change impacts. It could potentially lead to reduced losses from weather-related outages and improved regulatory relationships, as the company shows proactive measures to protect critical infrastructure. This forward-thinking approach may enhance CenterPoint's resilience to climate-related financial risks, making it a more attractive investment in an increasingly climate-conscious market.

Mobilizing AI capabilities and digital modeling technologies will help optimize safety, reliability and resilience while reducing the impact on CenterPoint's customers

HOUSTON, Oct. 2, 2024 /PRNewswire/ -- As part of the company's ambition to become the most resilient coastal electric grid in the country, CenterPoint Energy (NYSE: CNP) today announced it has reached an agreement with Neara, an Artificial Intelligence (AI)-powered infrastructure modeling platform for engineering-grade simulations and analytics, to deploy Neara's AI capabilities across CenterPoint's 5,000-square-mile Greater Houston service area.

CenterPoint will supplement its existing systems with Neara's technology to focus its investments strategically and cost-effectively and to continue to advance safety, reliability and resilience for the benefit of its approximately 2.8 million customers. Neara's AI-enabled simulation and analytics platform are expected to help CenterPoint reduce customer outages and accelerate restoration efforts across its system.

"Leveraging technology and AI to deliver better outcomes for our customers and communities is a significant part of the commitment we made after Hurricane Beryl," said CenterPoint President and Chief Executive Officer Jason Wells. "By simulating the potential impact of severe weather events on our infrastructure and customers, Neara's platform and tools will inform our plans and actions before, during and after major weather events to help reduce the impact and duration of power outages. Understanding how weather scenarios and their risks could affect our operations will position us to be several steps ahead on our preparedness and response."

Robert Brook, Neara Senior Vice President and Managing Director of the Americas, said, "We are thrilled to collaborate with CenterPoint as they lead the charge in addressing today's most existential energy challenges. Our 3D digital modeling technology will help CenterPoint proactively reduce customer outages by simulating severe weather events, such as hurricanes, tropical storms, heat waves and flash floods, and their potential impact on the utility's infrastructure."

Neara's technology will also support CenterPoint's ongoing efforts to address higher-risk vegetation along power lines, as well as identify critical equipment upgrades, including pole replacements or reinforcements, quickly and efficiently. Additionally, Neara's predictive technology will help CenterPoint prioritize specific assets and locations where grid hardening improvements will help optimize system-wide benefit. As targeted system upgrades are completed, CenterPoint will be able to quantify performance increases at the individual asset level and forecast, deliver and measure resilience improvements.

In late August 2024, CenterPoint announced the completion, ahead of schedule, of core resiliency actions as part of the first phase of its Greater Houston Resiliency Initiative (GHRI), which included a series of targeted immediate actions to improve the resiliency of CenterPoint Houston Electric's grid. The company also announced the boldest series of resiliency actions in its history, including a second phase of GHRI (currently underway from September 1, 2024 – June 1, 2025) which will include system hardening, strategic undergrounding, self-healing grid technology and further enhancements to the company's outage tracker, as well as a longer-term resilience plan– which will be filed after discussions with stakeholders, elected officials, and customers – of approximately $5 billion in resiliency investment from 2026 to 2028, potentially doubling its prior planned investment.

Forward Looking Statement
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding our resiliency investments, timing, forgoing profits and related matters, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

About CenterPoint Energy
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

About Neara
Neara's AI-assisted predictive modeling software helps infrastructure owners drive critical proactive decisions by conducting precise analyses in hours and days that would otherwise take months or years in the field. Engineering-grade simulation analyses reveal how assets behave in real-world environments during any scenario — empowering better, faster, more cost-effective decisions. The model supports end-to-end network governance, from routine operational decisions to emergency scenarios and major grid-hardening investments — without verification from manual surveys. Neara's technology has modeled >1.5 million square miles of global network territory featuring ~10 million assets, across four continents from California to Ireland and Australia. Neara's utility customers identify outage risks 9x faster, restore power 3x faster, and save thousands of field visits per year. More information is available at www.neara.com.

Media Contacts
CenterPoint Energy
Media: media.relations@centerpointenergy.com
Investors: Jackie Richert/Ben Vallejo, 713.207.6500

Neara
Media: neara@haymaker.co

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/centerpoint-energy-and-neara-announce-post-hurricane-beryl-collaboration-to-advance-electric-resiliency-across-greater-houston-region-302266211.html

SOURCE CenterPoint Energy

FAQ

What is CenterPoint Energy's (CNP) collaboration with Neara for?

CenterPoint Energy is collaborating with Neara to deploy AI-powered infrastructure modeling across its Greater Houston service area to enhance electric grid resilience, optimize safety and reliability, and reduce customer impact from severe weather events.

How will Neara's technology benefit CenterPoint Energy (CNP) customers?

Neara's technology is expected to help CenterPoint Energy reduce customer outages and accelerate restoration efforts by simulating severe weather events, informing preparedness and response plans, and prioritizing grid hardening improvements.

What is CenterPoint Energy's (CNP) Greater Houston Resiliency Initiative (GHRI)?

The GHRI is CenterPoint Energy's initiative to improve grid resiliency. It includes two phases: the first phase was completed ahead of schedule, and the second phase (Sept 2024 - June 2025) involves system hardening, strategic undergrounding, and self-healing grid technology.

How much does CenterPoint Energy (CNP) plan to invest in resiliency from 2026 to 2028?

CenterPoint Energy plans to invest approximately $5 billion in resiliency from 2026 to 2028, potentially doubling its prior planned investment.

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