San Mateo, CA and Honolulu, HI - Jupiter announced an agreement with the Hawaiian Electric Companies to provide ongoing climate risk analytics services for generation, transmission and distribution infrastructure across five major islands of Hawaii. Jupiter also recently announced a capital investment from Elemental Excelerator (Elemental), a global infrastructure innovation accelerator. The funding, as part of Elemental’s Demonstration Track, will enable Jupiter to accelerate deployment of its flood and wind risk analytics services in the Pacific, beginning in Hawaii.
Jupiter allows companies to plan for 50+ year infrastructure risk associated with perils arising from climate change. The recent funding from Elemental adds to the more than $30 million in total funding Jupiter has received since the company’s founding in 2017.
Jupiter’s work with Hawaiian Electric will be part of an overall infrastructure resiliency and planning effort, assessing risk arising from perils like wind and flooding related to changing climate conditions on a 50-year time horizon. By harnessing AI-enabled climate models and the work of leading scientists including a Nobel laureate, Jupiter provides asset-level resolution for short and long-term flooding and wind risk with unprecedented precision.
Jupiter’s FloodScore, HeatScore and WindScore services for climate-related risk assessment and management continue to expand in locations around the globe. In addition to Hawaiian Electric, Jupiter’s other customers include one of the U.S.'s top 5 power companies, one of the world's top energy producers and one of the world's largest holders of mortgages. Jupiter’s ongoing expansion in the Pacific region includes operations in Japan, home of Jupiter investor Mitsui MS&AD.
“We’re excited to support companies like Jupiter that are focused on helping people and businesses in all communities prepare for and adapt to climate disruption,” said Nneka Uzoh, Elemental Excelerator’s Director of Energy Innovation. “Jupiter’s technology puts the power of change into the hands of critical infrastructure owners and operators like Hawaiian Electric Companies and helps them plan ahead to make energy assets safer, more reliable and more resilient.”
For more information, please visit www.hawaiianelectric.com and jupiterintel.com.
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