The growing volatility of our climate is impacting how businesses assess risk, plan investments, and protect critical infrastructure. While most companies recognize climate change as a material risk, many fail to understand the true impact on their businesses. It is estimated that physical climate risks alone could erode 5% to 25% of corporate profits by 2050, depending on sector and geography.
In response to mounting financial risks and stakeholder pressure, a growing number of organizations are beginning to adopt advanced climate intelligence tools. These Climate Tech solutions harness satellite imagery, high-resolution climate models, and machine learning to deliver real-time insights into exposure and vulnerability. They help pinpoint threats to assets, simulate future scenarios, and guide data-driven, scalable adaptation strategies.
Looking at the commercial agreements taking place offers a real-time view of how businesses take action. This article explores the key partnerships and technology milestones redefining climate risk management and highlights how forward-thinking organizations are building resilience into their long-term strategy.
Strategic Partnership between LiveEO and Arcos
The Challenge: As climate change accelerates the frequency and severity of extreme weather events, utilities face growing pressure to protect grid infrastructure. Poorly maintained assets such as power lines and substations can ignite wildfires when they come into contact with dry vegetation, causing significant environmental and economic damage.Â
Solution: The strategic partnership between LiveEO and ARCOS directly addresses this need. By combining satellite-powered risk detection with real-time operational response, they offer utilities a powerful, integrated solution. LiveEO provides advanced satellite analytics that monitor vegetation encroachment, infrastructure condition, and environmental changes across vast grid networks.
ARCOS complements this operational agility through its industry-leading workforce and resource management system, enabling real-time dispatch, crew coordination, and emergency response. Together, the integrated solution bridges the gap between early risk detection and swift operational execution for modern utility management.
Outcome: This partnership empowers utilities to transform satellite insights into immediate, on-the-ground action. It improves outage response times, reduces wildfire and service interruption risks, and helps utilities prioritize interventions by severity and location. In the long term, it boosts climate resilience, strengthens regulatory compliance, and supports more proactive, data-driven climate risk management.
Service Agreement between CA Auto Bank and Eoliann
The Challenge: Financial institutions are under increasing pressure to assess climate-related risks with greater precision. Hazards like floods, droughts, and heatwaves place growing stress on credit portfolios, insurance products, and long-term investment strategies. Traditional models often lack the geographic resolution and predictive capacity needed to navigate these evolving risks, leaving institutions vulnerable to climate-induced financial shocks.
Solution: To bridge this gap, CA Auto Bank has entered a Proof-of-Concept agreement with Eoliann, a climate risk analytics startup. Facilitated through the Bank’s Digital Factory innovation platform, the collaboration explores the integration of Eoliann’s predictive climate intelligence into the Bank’s insurance operations. Eoliann’s platform combines satellite imagery, AI, and global climate models to produce location-specific forecasts of extreme weather events, calculating their likelihood, severity, and potential impact on insured assets.
Outcome: These insights will enable CA Auto Bank to quantify exposure more accurately, refine credit scoring models, and design new insurance products aligned with future climate risk.
Supply Agreement between Canadian Space Agency Agence Spatiale Canadienne, Ororatech and Spire Global
The Challenge: Boreal forests across Canada are witnessing some of the largest and most destructive wildfires worldwide These fires are growing more frequent and severe, placing mounting pressure on emergency response efforts and costing the country roughly CAD 1 billion annually in direct firefighting expenses. A critical limitation in current satellite coverage is the inability to consistently monitor wildfires during late-afternoon peak burn periods, precisely when fires tend to escalate the most.
Solution: To improve detection and response capabilities, the Canadian Space Agency has awarded a CAD 72 million contract to Spire Global Canada to design and develop WildFireSat, a dedicated satellite constellation. WildFireSat will monitor all active wildfires across the country. It can also target late-afternoon peak burn periods when wildfires tend to intensify and spread rapidly, an observation gap that current satellite systems do not adequately cover.
Spire will deliver the satellite platform and systems integration, while OroraTech, a leader in thermal intelligence, will develop the infrared payloads and data processing infrastructure. Designed to collect data on wildfire behavior, smoke, and air quality.
Outcome: WildFireSat will enable faster, more informed decisions in emergency response by delivering real-time, satellite-based wildfire intelligence. It is expected to significantly improve public safety, protect natural resources, and support long-term emergency planning. Over its five-year mission lifespan, the system is projected to save Canada between CAD 1 and 5 billion in wildfire-related costs.
Service Agreement between United Illuminating and Noteworthy AI
The Challenge: Connecticut’s electric grid faces growing challenges from aging infrastructure, increasing energy demand, and climate-driven disruptions. Traditional inspection methods lack the scale, speed, and precision needed to maintain resilience and reliability across a rapidly evolving distribution network. Underserved areas are particularly vulnerable to outages and maintenance delays.
Solution: Connecticut aims to modernize its grid inspection technology by roping in Noteworthy AI and United Illuminating (UI), a subsidiary of Avangrid, Inc. Backed by a USD 1.79 million award through the Connecticut Public Utilities Regulatory Authority’s Innovative Energy Solutions program, the initiative will equip UI fleet vehicles with AI-enabled smart cameras.
These cameras operate autonomously, capturing high-resolution images and geolocation data of utility poles as crews go about their regular inspection routine. The data is then processed in the cloud to detect vegetation overgrowth, damaged equipment, and other early signs of infrastructure risk.
Outcome: Over the next 12 to 18 months, the program will inspect roughly 34,000 poles, about 20% of UI’s infrastructure with 75% of inspections focused on underserved communities. The initiative is expected to reduce outage risk, strengthen reliability, and streamline maintenance through data-driven planning.
Licensing Agreement between Earth Blox and Chloris Geospatial
The Challenge: Accurate and consistent forest carbon measurement remains a major bottleneck for scaling credible nature-based climate solutions. As pressure builds for transparency and accountability in carbon removal, organisations need reliable, location-specific data that integrates seamlessly into climate goal setting and sustainability planning.
Solution: To address this need, Earth Blox, a provider of spatial intelligence for climate and nature risk, has partnered with Chloris Geospatial, a leader in forest carbon data derived from satellite observations and machine learning. The partnership brings Chloris’s high-resolution, above-ground biomass data into the Earth Blox platform, enabling rapid, scalable forest carbon assessments anywhere in the world.
Chloris combines multiple satellite data sources using proprietary machine learning models to deliver detailed metrics on biomass stock and change, forest cover dynamics, and related carbon emissions and removals. This data supports carbon credit validation, nature-based solution project screening, and climate risk analysis.
Outcome: This collaboration gives users faster access to actionable insights that support due diligence, project monitoring, and nature-based investment decisions. The result is a practical toolset for organisations looking to quantify and manage the impact of nature-based carbon removal projects with speed, transparency, and confidence.
Explore How Commercial Agreements Drive the Future of Climate Risk Management
The commercial agreements shaping the climate risk analytics space show how data, technology, and collaboration converge to help organizations prepare for a more volatile world. These partnerships are accelerating the adoption of predictive tools that turn climate uncertainty into strategic foresight.
For insurers, lenders, asset managers, and infrastructure operators, staying ahead of these developments is key to managing exposure and unlocking resilience. From AI-powered platforms to satellite-enabled monitoring, these collaborations reflect a growing demand for intelligence-based insights that scale with the climate challenge.
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