What can governments, enterprises, and technology providers do with a few billion dollars? Make massive strides in socio-economic and scientific advancement, you’d say. But today, years of economic development have come undone as climate change and disasters wreak havoc in the United States. 

Did you know that the practice of Utility Vegetation Management (UVM) is over 100 years old? The evolution of UVM has not happened overnight and several technologies have aided and enhanced this practice over time. UVM practitioners have utilized a variety of data to both optimize and streamline budgeting, planning, prioritization, and risk aversion.

The US has been an unwilling host to a wide range of weather-related disaster events in the recent past. Disasters often hit the land and power utilities are at the receiving end of it, having to clean up the mess. One of the direct consequences of human-induced climate change is extreme temperature conditions. Experts suggest that global warming and climate change will bring about more disaster events with far-reaching consequences in the near future. Last year, utility companies faced losses worth 51.146 billion USD in revenue owing to overall damages.

The safety and reliability of pipelines transporting oil and gas particularly natural gas transmission pipelines, have been under constant public scrutiny in recent years. This has led to it becoming an important and controversial issue for the general public, especially the customers.

None can deny that satellite technology has now become an indispensable part of everyday life. From tracking vegetation coverage and change detection to disaster monitoring and post-restoration work after disaster events satellite imagery has indeed proved to be a revolutionary technological advancement with several tricks up its sleeve. 

Natural disasters are increasing in frequency and severity. They are always unfortunate, having been associated with destruction, causing enormous damage to life and property and leaving behind trails of wreckage for utilities to clean up. Impacts of disaster events on human lives and the economy are increasing every year due to growing urbanization and human-induced climate change leading to increased carbon emissions, eventually leading to an increase in the number and severity of extreme weather events. 

Power outages are a cause of major inconvenience in every country all around the world, especially if they are on a massive scale. The United States is no exception. According to one analysis, the United States has more power outages than any other developed country. Frequent power outages are becoming an unfortunate norm for power utilities in the United States. For large utility companies, the cost of an outage can escalate into millions of dollars per hour of downtime. In fact, the DoE recently estimated that outages are costing the US economy 150 billion USD annually.

Wildfires have caused catastrophic damages to the utility industry over the past decade. With an average of 68,000 wildfires reported in the US every year and climate change impacts getting worse, the utility industry is under tremendous pressure to plan and prepare for what’s coming.

Storms, cyclones and hurricanes have been associated with destruction, causing immense damage to life and property and leaving behind trails of wreckage. But over the last decades, storms have been particularly catastrophic to utilities, causing widespread power outages and damaging utility infrastructure, resulting in losses worth billions of dollars and several months of restoration work. What’s more? Climate change is likely to make tropical cyclones more intense, the Intergovernmental Panel on Climate Change (IPCC) has warned. 

In the recent past, discussions around the use of satellite imagery as an emerging technology for remote monitoring of infrastructure and vegetation have picked up pace. From tracking vegetation coverage and change detection to disaster monitoring, satellite imagery has indeed proved to be a revolutionary technological advancement with several use cases up its sleeve. While it may seem easy, the science behind capturing and analyzing satellite imagery is complicated, yet very intriguing.