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Spire Global, Inc. (NYSE: SPIR), a leader in the field of space-based data and analytics, has recently announced a significant advancement in weather forecasting technology. The company unveiled its High-Resolution Weather Forecast model, a specialized regional weather forecasting service tailored to meet the intricate needs of the energy and commodity markets.
This fresh solution from Spi by Clarence Oxford
Los Angeles CA (SPX) Nov 29, 2023
Spire Global, Inc. (NYSE: SPIR), a leader in the field of space-based data and analytics, has recently announced a significant advancement in weather forecasting technology. The company unveiled its High-Resolution Weather Forecast model, a specialized regional weather forecasting service tailored to meet the intricate needs of the energy and commodity markets.
This fresh solution from Spire offers precise and customizable weather forecasts that extend up to six days, with the unique ability to operate at resolutions as fine as 1 kilometer. This remarkable capability covers every point on the globe, encompassing even the most isolated regions and vast open oceans.
The genesis of this novel forecast model is seven years of dedicated research and development by Spire's skilled team of scientists and engineers. Central to this development is the Company's proprietary radio occultation (RO) technology, which is complemented by comprehensive ocean wind and soil moisture data. This blend of unique data is assimilated to deliver accurate predictions at fine scales, looking up to six days into the future.
Spire's High-Resolution Weather Forecast is not just a technological marvel; it is a crucial tool for various industry professionals. Energy traders, commodity traders, utilities, and grid operators are among those who will benefit immensely. With this tool, they can anticipate how weather influences market trends, price dynamics, and the balance between energy supply and demand.
Michael Eilts, General Manager of Weather and Earth Intelligence at Spire, emphasizes the significance of this development. "In an industry where volatile weather patterns directly impact commodity and energy prices, accurate weather prediction tools are crucial for risk management, optimizing investments, and achieving a balance between energy production and consumption," he explains. Eilts further adds, "Our regional high-resolution weather forecasts provide the essential insights needed to make informed decisions and stay ahead of the markets."
The High-Resolution Weather Forecast model stands out with several key features:
Advanced Data Assimilation: Spire assimilates proprietary data, including RO, ocean winds, and soil moisture, sourced from its extensive constellation of over 100 satellites. This is augmented by data from trusted public sources such as NOAA, EUMETSAT, and ECMWF, ensuring precise forecasts.
Customization: The model offers customization options, allowing customers to tailor forecasts by selecting the domain size, frequency, and resolution down to 1 kilometer, catering to specific needs.
Proven Accuracy: A testament to Spire's team of expert scientists, meteorologists, and engineers, the forecast consistently delivers precise and reliable predictions.
Up to Six-Day Lead Time: Offering a substantial planning horizon, the forecast enables businesses to proactively tackle weather-related challenges through effective preparation and decision-making.
24/7 Weather Support: Spire's Weather Desk Services team, comprising expert meteorologists, provides continuous support and guidance during disruptive weather events.
This High-Resolution Weather Forecast adds to Spire's suite of Weather and Earth intelligence solutions, which includes global weather forecasts and other proprietary data sources like ocean winds and soil moisture.
Research Report:Spire's High-Resolution Weather Forecast
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