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 Market Online Video

Market Close: The market’s not loving Trump’s credit card rate cap

Good Afternoon and welcome to HotCopper’s Market Close for Wednesday, I’m Jon Davidson.
US flag

Resolution highlights latest antimony grab-samples in quest to become US critical play

Resolution has highlighted the latest grab samples from its Antimony Ridge asset with grades up to…
AT4 US Projects Manager Dr Mike Feinstein and Senior Geologist Jairo Trevino reviewing core from the Emma area.

AT4 up +14% after intersecting ‘massive’ visible stibnite in first holes at Antimony Canyon

American Tungsten and Antimony AT4 popped some +14% on Wednesday morning after an "exceptional start" from…
Gold and silver concept

Globally significant silver and gold results flagged by Advance Metals at Yoquivo

Advance Metals shares popped +7% in the first hour of Wednesday trades as the company reported…