Vulcan Line Tools announces partnership with Pointerra.
The partnership will run extreme wind loading
analysis on 50,000 distribution poles.
Analysis is part of a large southern utility’s storm hardening program.
All poles will be run
using first-of-its-kind “Quick Loading” process.
Process allows designers to accurately model a pole and run an analysis in around 5 minutes.
Source: Vulcan Line Tools on LinkedIn
https://www.linkedin.com/posts/vulcan-line-tools_we-are-proud-to-announce-a-partnership-with-activity-7108484465278033921-8Is2/Vulcan Line Tools may be one of Entergy's EPC contractors that Pointerra partnered with:
"Entergy is a Fortune 500 company that provides power to 3 million customers throughout Arkansas, Louisiana, Mississippi and Texas. The Louisiana based energy utility announced in late 2022 plans for a circa
10-year, US$15 billion electric grid resilience CAPEX program (Program).
Whilst Entergy is an existing Pointerra customer,
the Company (Pointerra) partnered with leading US energy utility EPC contractors to bid for grid resilience work packages to be issued by Entergy and has recently been advised that the EPC contractors’ bids have been successful."
"For Entergy’s Program, Pointerra3D will be used to process and analyse 3D LiDAR and 2D imagery to build a digital twin of Entergy’s electricity network, which will then allow
Entergy and its EPC contractors to use Pointerra3D’s world-first Quick Load electric grid assessment tools to rapidly assess and prioritise the works to be completed in the most cost-effective and efficient manner possible.
Over the term of the Program,
Pointerra will be paid a price per pole/structure inspected and analysed using Pointerra3D. The Company expects that
up to 4 million poles could be inspected and analysed using Pointerra3D during this time.
Pointerra has previously been paid between US$20 and $40 per pole for similar processing, inspection and analysis work. The rate for this new Program has not been finalised however the
Company expects it to lie within this range and revenue from this Program is expected to commence during FY24."
Source: Pointerra in 10-year US energy utility CAPEX program (28 July 2023)
https://announcements.asx.com.au/asxpdf/20230728/pdf/05s1kxpb0ykq3d.pdf
(20min delay)