Spire Global, Inc. (NYSE: SPIR), a global provider of space-based data, analytics and space services, launched its High-Resolution Weather Forecast model, a differentiated regional high-resolution weather forecasting service designed to meet the critical demands of the energy and commodity markets. The solution offers precise and customizable weather forecasts extending up to six days with the capability to be run at resolutions as fine as 1 kilometer (0.6213 miles) that can cover any point on the globe, including the most remote regions and the open oceans.
Derived from seven years of research and development by Spire’s team of scientists and meteorologists, the High-Resolution Weather Forecast is powered by the Company’s proprietary radio occultation (RO) technology, ocean wind and soil moisture data. The unique data is assimilated to ensure accurate predictions at fine scales up to six days into the future.
This information equips energy traders, commodity traders, utilities, grid operators and more with the crucial insights needed to anticipate weather’s influence on price dynamics, market trends and energy supply and demand.
“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,” said Michael Eilts, general manager of weather and Earth intelligence at Spire. “Our regional high-resolution weather forecasts provide the essential insights needed to make informed decisions and stay ahead of the markets.”
Key features of the High-Resolution Weather Forecast include:
- Advanced Data Assimilation: Spire assimilates proprietary data, including RO, ocean winds and soil moisture, from its multipurpose constellation of 100+ satellites as well as leading trusted public sources such as NOAA, EUMETSAT and ECMWF into its High-Resolution Weather Forecast for precise weather forecasts.
- Customization: Customers can configure forecasts by selecting the domain size, frequency, resolution down to 1 kilometer, with scheduling that, caters to their specific needs.
- Proven Accuracy: Backed by a team of expert scientists and meteorologists, the forecast consistently delivers precise and reliable forecasts, empowering clients across various industries to make well-informed decisions.
- Up to Six-Day Lead Time: Offering up to a six-day outlook, the forecast provides an extended planning horizon, enabling businesses to proactively address weather-related challenges with effective preparation and decision-making.
- 24/7 Weather Support: Spire’s 24/7 Weather Desk Services team, a dynamic group of expert meteorologists, provides round-the-clock support and guidance during disruptive weather events.
The High-Resolution Weather Forecast joins Spire’s suite of Weather and Earth intelligence solutions, including comprehensive weather and atmospheric data, numerical weather modeling and proprietary data sources like ocean winds and soil moisture.