Planet Builds Business in State and Local Government Sector

Rhea-AI Summary

Planet has announced new contracts with state and local governments in Alaska and Mississippi, enhancing environmental monitoring and regulatory enforcement through its satellite imagery services. With about 200 imaging satellites, Planet provides near-daily images, allowing for efficient tracking of environmental changes. Notably, Alaska leveraged this data to improve safety and efficiency in monitoring weather stations and mining activities. Meanwhile, the Mississippi Department of Marine Resources utilized Planet’s imagery for wetlands conservation, showcasing the practical applications of satellite data.

Positive

• Secured new contracts with state and local governments, including significant entities in Alaska and Mississippi.
• Enhanced operational efficiency by reducing the need for costly aircraft trips, improving safety and data accuracy for environmental monitoring.
• Facilitated increased transparency and inter-agency data sharing for better regulatory enforcement and economic development.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- Planet, a leading provider of daily data and insights about Earth, today announced a number of new contracts with state and local governments, including entities in the states of Alaska and Mississippi. Operating about 200 earth imaging satellites, Planet provides near-daily images of every terrestrial location on earth, enabling their customers to track environmental change, support regional enforcement efforts, and make informed decisions.

Through their 7-month pilot program, Planet and the State of Alaska explored solutions for department managers that have historically been challenged by Alaska’s unique geography, marked by severe winter storms and remote landscapes. Notably, 82% of Alaskan communities are inaccessible by roads, and it is time consuming and costly to get boots on the ground for evaluations. Previously, employees would take small aircrafts to monitor approximately 50 weather stations across 90 million acres of land to determine when a station became snow-free. With daily PlanetScope images, their team was able to look back at satellite imagery day-by-day to determine the exact moment the station became snow-free, saving substantial time, costs, and energy, and increased the accuracy of the data collected. By decreasing the number of aircraft trips needed to these remote regions, Planet’s data also significantly increased employee safety.

Using Planet’s SkySats, the State of Alaska was also able to support inspectors for mining operations. With more frequent visibility, managers tracked mining activity on a month-to-month basis to plan inspections and support regulatory enforcement. They further utilized PlanetScope and SkySat data to provide environmental situational awareness for wildfires and reveal final fire perimeters. Additionally, the state leveraged Planet imagery of forestland to determine enforcement policies prior to on-site evaluations.

Using Planet’s datasets under a multi-department license, the State of Alaska ensures this data is shared through the State’s Imagery portal so that the imagery data can be used by various agencies. For example, the satellite data collected for mining inspection analysis by the Department of Mining Land and Water is also open and accessible to the State Department of Conservation, Fish and Game. By sharing this data across agencies, there is increased project transparency to support economic development and sustainability efforts.

At the other end of the continental U.S., Planet’s satellite data also supports the Mississippi Department of Marine Resources (DMR). The Mississippi gulf coast is home to some of the nation’s most productive fin fish and shellfish waters. To ensure the sustainable use of these wetland ecosystems, the DMR works to regulate and restore these habitats yearly. Using PlanetScope imagery, the DMR was able to conduct necessary due diligence to protect wetlands and enforce accurate permitting programs.

Wetland habitats are home to a variety of submerged aquatic vegetation, including seagrasses that are vital to the ecosystem. As part of their role, the DMR provides permits to allow clients to mitigate and transport sections of vegetation for coastal development. In one instance, a client reported that in their designated zone, the aquatic vegetation was no longer present and requested a permit modification. It was critical that the DMR was able to ensure that the movement of this growing vegetation was a natural phenomenon and not due to human interference, such as mechanical removal or obstruction of light from a barge.

Using PlanetScope’s high-cadence imagery, the DMR team was able to go back day-by-day through the previous year to ensure that there was no man-made structure, barge, or interference to the vegetation on the site. They concluded that the species movement was indeed a natural phenomenon, and thanks to Planet’s high temporal resolution imagery, they were able to support the changing permit status with confidence. This case highlighted how daily transparency allowed the DMR to increase local enforcement and conduct their due diligence to keep the wetlands safe.

As a new customer, the Mississippi DMR was able to see immediate results from Planet’s product; and they are now exploring further uses for the data. These explorations will dive into identifying point sources of wetlands sedimentation, monitoring seagrass movement, and evaluating tidal marsh health and water quality. By working with Planet’s high-cadence imagery, the DMR will be able to better gauge secondary and cumulative impacts when projects are implemented.

Each year, more and more state and local governments are using Planet’s data to support their regional planning processes, manage their local industries, and protect their ecosystems. Their additional customers include the New Mexico State Land Office, the Port of Long Beach, Humboldt County, California, City and County of San Francisco, Autoridad Nacional de Licencias Ambientales in Colombia, the Florida Fish & Wildlife Conservation Commission and the County of San Luis Obispo in California.

Working with state and local governments aligns with Planet’s goals to support communities and protect the environment. Earlier this year, Planet entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ), a special purpose acquisition company, to become a publicly-traded company. As it joins the public market, Planet will become a public benefit corporation (PBC), in which its mission will be encoded into its corporate DNA, obligating Planet’s directors to stay true to their mission as part of their fiduciary duty to their stockholders. Planet’s public benefit purpose is: “To accelerate humanity to a more sustainable, secure and prosperous world by illuminating environmental and social change.”

About Planet

Planet is the leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, including the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. To learn more visit www.planet.com and follow us on Twitter at @planet.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211123006168/en/

Press

Megan Zaroda

Comms@planet.com

IR

Chris Genualdi

ir@planet.com

Source: Planet

FAQ

What recent contracts has Planet secured?

Planet has announced new contracts with state and local governments in Alaska and Mississippi to enhance environmental monitoring using satellite imagery.

How does Planet's satellite imagery benefit the State of Alaska?

The State of Alaska uses Planet's satellite imagery to improve monitoring of weather stations, mining operations, and environmental conditions, reducing costs and increasing safety.

What role does Planet's data play in Mississippi's Department of Marine Resources?

The Mississippi Department of Marine Resources utilizes Planet's satellite imagery to enforce wetland conservation and ensure accurate permitting for coastal development.

What is the significance of Planet's merger with dMY Technology Group?

Planet is set to become a publicly traded company through its merger with dMY Technology Group, allowing it to enhance its commitment to sustainability as a public benefit corporation.

How many satellites does Planet operate?

Planet operates approximately 200 earth imaging satellites, providing near-daily images of every terrestrial location.