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Entergy Awards Pointerra's US EPC Partners with 10-Year, $15 Billion Grid Resilience CAPEX Program Pointerra Limited

Entergy Awards Pointerra's US EPC Partners with 10-Year, $15 Billion Grid Resilience CAPEX Program

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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 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.

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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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