Pointerra Up 115% on HUGE Volume, page-7

Notwithstanding the partnership with Entergy itself and what it means for Pointerra's accelerating growth in the US Utilities market - and adjacent verticals - this is the most important part of the announcement, something RaaS touch on:


US Energy Utility Hardening & Resilience Programs – Background

US energy utilities are investing US$ billions in the modernisation and expansion of electric transmission and distribution networks across the country, responding to the impact of climate change and the growing demand being placed on networks by electric vehicles and electric home heating/cooling demand, as well as from new sources of renewable generation from wind and solar.

Whilst the US federal government has made funding available to assist utilities in these programs, the sheer scale of investment required has already resulted in labour and material shortages that are challenging the ambitious programs.

This has forced US energy utilities and their EPC contractors to adopt innovative approaches to assessing network condition in order to prioritise the deployment of scarce resources to the critical risk areas of each utility’s network.

Pointerra’s fast, massively scalable cloud platform is uniquely placed to support the US energy utilities in this regard, and with the strong advocacy of existing customers, the Company expects to secure additional work from both existing and new customers into the future.