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Entergy Awards Pointerra's US EPC Partners with 10-Year, $15 Billion Grid Resilience CAPEX Program — ASX:3DP| ASX Mining News & Discussion
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Lykeshares
2y
Official
$3DP
Entergy Awards Pointerra's US EPC Partners with 10-Year, $15 Billion Grid Resilience CAPEX Program
Pointerra Limited (ASX: 3DP) has announced that Entergy, an existing customer, has selected its US EPC (Engineer, Procure & Construct) partners for its 10-year, US$15 billion grid resilience CAPEX program. The program will see Pointerra's AI-driven analytics platform being used to identify and prioritise grid assets requiring remediation or replacement across the term of the project.
Background of Entergy Resilience Program
Entergy is a Fortune 500 company that provides power to three million customers throughout Arkansas, Louisiana, Mississippi, and Texas. In late 2022, it announced its plans for a circa 10-year, US$15 billion electric grid resilience CAPEX program.
Role of Pointerra in Entergy's Program
Pointerra has a successful track record with FPL's (Florida Power & Light) grid-hardening program, where quantified outcomes were identified through the use of the Pointerra3D platform. For Entergy's program, Pointerra3D will be used to build a digital twin of Entergy's electricity network that will allow Entergy and its EPC contractors
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to use Pointerra3D's Quick Load electric grid assessment tools more effectively.
Revenue Generation for Pointerra
As per the terms of the program, Pointerra will be paid a price per pole/structure inspected and analysed using Pointerra3D. The Company expects up to four million poles to be inspected and analysed using Pointerra3D during the program, which builds on an existing relationship with Entergy.
Background of US Energy Utility Hardening & Resilience Programs
US energy utilities are investing US$ billions in the modernisation and expansion of electric transmission and distribution networks across the country, responding to the impact of climate change and the growing demand on networks by electric vehicles and electric home heating/cooling demand, as well as from new sources of renewable generation such as wind and solar.
Outlook for Pointerra
Pointerra's fast, massively scalable cloud platform is uniquely placed to support US energy utilities in this regard and with the strong advocacy of existing customers, the Company expects to secure additional work from both existing and new customers into the future. Revenue from this program is expected to commence during FY24.
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138d
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Berkshire is hoarding so. much. cash.
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138d
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Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares
169d
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Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares
1y
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Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares
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Lykeshares
1y
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$ASN
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