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
The words "ASX Market Open" appear alongside a Bear ( FALL ) with a market chart graphic floating above it. The whole image is faded yellow and orange.

Market Open: Oz shares slide on wait for Fair Work wage call, key first-quarter GDP data

At The Bell — Australian shares are expected to keep sliding in Week 23, with a -0.5% slide currently lined up in ASX...

Mercury to invest up to NZ$1B to scale up its geothermal platform

Leading New Zealand energy company Mercury is set to pour in up to NZ$1 billion as…

Avira Resources on target for inaugural Mt Cattlin gold drilling

Avira Resources is preparing for its inaugural RC drilling program at the high-grade Mt Cattlin gold…

Carnarvon Energy confirms rig booked for key offshore WA oil hunt

Carnarvon Energy has contracted specialist offshore drilling rig Transocean Equinox to test an Australian offshore oil…