Climavision acquires Intersphere, bolstering leadership in AI-powered weather prediction
April 30 2024 - 8:55AM
Business Wire
Combined expertise will deliver detailed
forecasts to energy and other industries on an unprecedented time
horizon
Energy investors, producers and traders now have access to
critical weather and climate insights earlier than ever before,
thanks to the combined expertise of two leaders in AI-powered
weather prediction.
Louisville, KY-based Climavision, a leader in advanced weather
modeling and forecasting technology, has acquired Intersphere, a
fast-growing innovator specializing in subseasonal-to-seasonal
(S2S) forecasting – predicting weather up to a year in advance.
Intersphere’s unique technology and expertise will build on
Climavision's own AI-powered weather prediction and decades of
experience in numerical weather prediction. The result is a
market-ready solution that energy customers can use to immediately
improve their productivity, profitability, and resilience.
Intersphere’s AI (Artificial Intelligence) process generates
specific probability scenarios for virtually any aspect of the
energy industry down to units as small as an individual wind farm.
By combining that data with Climavision’s existing suite of
high-resolution and global weather models, energy clients will have
reliable, specific probabilities across a range of scenarios – with
enough lead time to make both strategic and tactical decisions. By
identifying likely weather developments months in advance, clients
could potentially improve resiliency of power grids, deploy
resources to maximize efficiency, and even leverage energy markets
more effectively.
For example, Extreme weather events – such as the winter storms
that shut down the ERCOT grid and led to over $195 billion in
property damage and more than 200 deaths in 2021 – sometimes arrive
without enough warning to mitigate the effects. But with
Intersphere’s expertise on board, Climavision will be able to
predict those kinds of events with specificity up to 90 days out.
For power providers, that could provide enough time to enhance the
weatherization of assets, secure fuel supplies for backup systems,
and make plans for managing demand – steps that could prevent a
costly and potentially deadly grid failure.
“We’re thrilled to welcome the Intersphere team, whose expertise
in AI weather and climate tech perfectly complements our mission,”
said Chris Goode, CEO of Climavision. “By seamlessly blending
Climavision's unmatched expertise in Numerical Weather Prediction
with their cutting-edge generative AI technology, we are
revolutionizing the landscape of weather forecasting. This dynamic
synergy not only enhances precision and accuracy but also paves the
way for unprecedented insights into our ever-changing climate."
"Joining forces with Climavision creates a dynamic powerhouse in
the weather technology sector," added Ben Toms, Ph.D., CEO of
Intersphere. "Our technology extends Climavision's forecasting
capabilities from weeks to years into the future. The holy grail of
weather and climate forecasting is understanding any possibility of
what can happen as far in advance as possible. Partnering with
Climavision gets us much closer to reaching that goal."
Key Benefits of the Climavision-Intersphere
Integration:
- AI-Driven Forecasting Across Time Scales: Climavision's
proprietary datasets and experience with physics-based forecasting
seamlessly integrate with Intersphere's S2S technology and AI
capabilities, increasing accuracy and extending forecast horizons
for critical weather events.
- Extended Lead Times for Proactive Planning: S2S forecasting
enables businesses to make informed decisions weeks to months to
even years in advance, offering ample time for adapting strategies
and optimizing resources.
- Communication of Uncertainty: As organizations continue to seek
to quantify risk and a range of outcomes, Intersphere’s suite of
ensemble forecasts offer probabilistic information to maximize
confidence.
About Climavision
Climavision brings together the power of a proprietary, high
resolution supplemental weather radar network, combined with
advanced weather prediction modeling, including cutting-edge AI
forecasting technology, and decades of expertise, to close
significant weather observation gaps and drastically improve
forecast speed and accuracy. Climavision’s revolutionary approach
to climate technology is poised to help reduce the economic risks
of volatile weather on companies, governments, and communities
alike. Climavision is backed by The Rise Fund, the world’s largest
global impact platform committed to achieving measurable, positive
social and environmental outcomes alongside competitive financial
returns. The company is headquartered in Louisville, KY, with
research and development operations in Raleigh, NC. To learn more,
visit www.Climavision.com.
About Intersphere
Intersphere uses proprietary AI models to issue weather and
climate forecasts from weeks to months into the future. Their
algorithms improve forecast accuracy, increase the amount of time
customers have to act on a forecast, and provide more details about
probabilistic information. Customers in energy, insurance, and
agriculture can use this information to make more strategic
decisions about the impacts of weather on their business. The
company is based out of Fort Collins, CO.
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Bill Shory Fleur de Lis Communications 502.974.4332
Bill@FDLComms.com