A photograph taken within a substation. Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Pointerra (ASX:3DP) has announced its successful receipt of US$1.6M in funding from the US Department of Energy (DOE).

Pointerra will use its 3D civil infrastructure software to model a series of power grid resilience simulations for the DOE. Hot weather in 2024 and recent years has, at times, crippled some of the older parts of America’s utilities infrastructure.

In Houston, hot weather has partially melted overhead cables used on train lines at multiple points in the last half decade. Train tracks themselves have also warped, referred to as ‘sun kinks.’

(If you want to see how bad the weather is in the United States, keep an eye on natural gas futures – as A/C demand peaks in cold or hot snaps and power stations buy more gas, speculators tend to drive prices upward.)

In something of a rarity for an ASX announcement, the company directly referenced climate change on Friday.

“The Program will use Pointerra3D to evaluate the impacts of various grid resilience investments under forecasted climate change scenarios, providing a best practice approach to determine optimal resilience investments,” Pointerra wrote.

The company will be teaming up with utilities and universities in “select Northeast US [regions].”

Pointerra’s risk assessment model will also inform an economic analysis with both assets intended to assist utilities “reduce the frequency and severity of power outages.”

Pointerra expect the scope of works to last 12 months.

Pointerra last traded at 3.6cps.

3DP by the numbers
More From The Market Online
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…
Image of eyes in closeup

Scientific conference spotlights PYC’s work on blindness disease treatment

PYC Therapeutics Ltd will have data from its ongoing trial into a drug candidate to treat…
Image of four gold necklaces

Sales growth pushes Lovisa’s fortunes (and shares) upwards

Lovisa Holdings Ltd has seen its shares rise more than 2% following a sales update, and…