Satellite Vu has partnered with Landmark Information Group to provide vital climate data to the real estate market.
Satellite Vu will provide data from their thermal, infrared satellites to Landmark, a leading provider of data to the UK land and property sector, to distribute to businesses as part of the global push toward Net Zero (any greenhouse gas emissions released are balanced by an equal amount being taken out of the atmosphere. ).
The Intergovernmental Panel on Climate Change’s (IPCC) report re-affirmed the global aim to reduce carbon emissions by 50 percent by 2030 and achieve Net Zero by 2050, serving as a call to action for governments and businesses across the world.
The collaboration between Satellite Vu and Landmark will see the joint development of geospatial information products for the UK real estate market that pertain to the thermal efficiency of buildings monitored by Satellite Vu’s thermal infrared satellites and aerial imagery. This data will be distributed across Landmark’s customer network to test, validate and market the geospatial information products.
The company also recently announced a launch deal with SpaceX, which will see the first of the Satellite Vu constellation of heat sensing satellites launched into orbit aboard a Falcon 9 rocket in early 2023.
Anthony Baker, CEO of Satellite Vu, said, “The urgency for action to reduce the world’s carbon emissions is increasing every day, as highlighted by the IPCC, and therefore businesses need to utilise all resources at their disposal. We are thrilled to have formally signed an agreement with Landmark to introduce data from our thermal monitoring satellites to the real estate sector. The insights from our satellites will enable investors, property developers and building owners to receive regular assessment of their buildings’ energy efficiency, allowing them to measure, validate and improve energy efficiency. Armed with this capability, businesses can take concrete and independently verifiable action to align their business with national and international energy targets.”
Simon Brown, CEO of Landmark Information Group, said, “Climate risks and environmental factors are playing an ever more important role in future planning, purchasing and lending decisions. It is vital that as an industry we take steps to understand those risks, not only to future proof the housing market but to ensure that we are all contributing to achieving Net Zero. Satellite Vu’s technology combined with our expertise in property data and risk modelling will mean we can provide the industry with a more informed view of future risks for the UK property portfolio. These more accurate datasets will guide businesses through their property investment decisions, mitigate risks and ultimately support our environmental ambitions.”
Satellite Vu was founded to bring satellite technology to address our global challenges. Satellite Vu will be able to monitor the temperature of any building on the planet in near real-time using a new mid-wave infrared camera. These images provide valuable insights into economic activity, energy efficiency and disaster response. Satellite Vu will effectively be the Earth’s thermometer from space. Satellite Vu has raised a combined total of £20 million from grants and venture capital led by Seraphim Space Investment Trust including Lockheed Martin, Molten and A/O PropTech. Partnered with Surrey Satellite Technology Ltd. to build the satellite constellation, and with SpaceX for the first satellite launch in early 2023, Satellite Vu is bringing the highest resolution thermal data to enable the world to be seen as never before possible.