Planet to Provide Carbon Mapper, Inc. with Hyperspectral Data Until 2030
March 28 2024 - 4:05PM
Business Wire
Planet Labs PBC (NYSE: PL), a leading provider of daily data and
insights about Earth, today announced it has signed a multi-year
data-license agreement with Carbon Mapper, Inc. to provide
hyperspectral core imagery to the non-profit and its partners until
2030. The $20 million agreement is made possible by initial funding
led by a major climate philanthropy. Carbon Mapper, Inc. has been a
key partner to Planet in developing the Tanager hyperspectral
constellation, and this contract extension marks an important step
in the continuation of the coalition’s shared mission to help
improve understanding of and accelerate reductions in global
methane and carbon dioxide (CO2) emissions.
“Securing this continued partnership with Planet will help
Carbon Mapper deliver high resolution methane and CO2 super-emitter
data to decision makers around the globe,” said Riley Duren, Carbon
Mapper’s Chief Executive Officer. “In particular, this agreement
lays the groundwork for further expansion of the constellation of
Tanager satellites and the extension of Carbon Mapper’s mission to
make methane and CO2 visible in a transparent fashion through our
public data portal.”
“We are on the verge of being able to precisely characterize
facility-scale methane emissions across the globe,” said Mark
Keremedjiev, Planet’s Mission Director for the Tanager
Hyperspectral Mission. “We believe the Tanager constellation will
help enable real action in the fight against climate change and
this contract extension with Carbon Mapper ensures our ability to
provide uniquely powerful data for the long term.”
The first Tanager satellite is planned to launch in 2024 and is
designed to capture hyperspectral imagery across the visible and
shortwave infrared regions (VSWIR). This contract marks an
extension to an existing data-license agreement between Planet and
Carbon Mapper. The multi-year extension covers 2026 to 2030. Beyond
methane detection and CO2 measurements, Tanager data are planned to
address a wide-range of potential use cases across commercial,
civil, and defense applications.
About Planet Labs PBC
Planet is a leading provider of global, daily satellite imagery
and geospatial solutions. Planet is driven by a mission to image
the world every day, and make change visible, accessible and
actionable. Founded in 2010 by three NASA scientists, Planet
designs, builds, and operates the largest Earth observation fleet
of imaging satellites. Planet provides mission-critical data,
advanced insights, and software solutions to over 950 customers,
comprising the world’s leading agriculture, forestry, intelligence,
education and finance companies and government agencies, enabling
users to simply and effectively derive unique value from satellite
imagery. Planet is a public benefit corporation listed on the New
York Stock Exchange as PL. To learn more visit www.planet.com and
follow us on Twitter.
About Carbon Mapper Inc
Carbon Mapper is a nonprofit based in Pasadena, CA with the
mission to drive greenhouse gas emissions reductions by making
methane and carbon dioxide data accessible and actionable. Carbon
Mapper is focused on filling gaps in the emerging ecosystem of
methane and CO2 monitoring systems by delivering data at facility
scale that is precise, timely, and accessible to empower
science-based decision making and action. The organization leads a
public-private partnership including Planet Labs, PBC and NASA’s
Jet Propulsion Laboratory among others focused on developing and
deploying a constellation of satellites capable of detecting,
quantifying, and verifying methane emissions worldwide. Data from
these satellites will offer the next major step in scaling up the
thousands of methane plumes and CO2 plumes already publicly
available on the Carbon Mapper data portal. Learn more at
carbonmapper.org, view our data at data.carbonmapper.org, and
follow us on Twitter @carbonmapper
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Except for the historical information contained herein, the
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the Private Securities Litigation Reform Act of 1995, including,
but not limited to, the Company’s ability to capture market
opportunity and realize any of the potential benefits from current
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successfully design, build, launch and deploy, operate and market
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enhancements to respond to rapid technological change, or to
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version on businesswire.com: https://www.businesswire.com/news/home/20240328983767/en/
Planet Press Sarah Bates comms@planet.com
Planet Investor Relations Chris Genualdi ir@planet.com
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