Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, May 20
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»A new AI-powered platform that helps utilities reduce wildfires just got a $1M injection
    Utilities

    A new AI-powered platform that helps utilities reduce wildfires just got a $1M injection

    July 18, 20243 Mins Read


    Photo: Rhizome

    Rhizome, an extreme weather resilience planning platform for the power grid, has a new platform that helps utilities reduce wildfire risk.

    The AI-powered platform is called gridFirm (Fire Ignition Reduction and Mitigation), and it’s available for all electric utilities in the US, Canada, and Australia. It quantifies the risk of utility assets igniting wildfires and identifies what cost-effective measures can be deployed to mitigate those risks. gridFirm builds on Rhizome’s AI-based platform currently being used by utilities to model grid failures caused by extreme weather. 

    By applying machine learning to a host of asset, geographic, and historical datasets, gridFirm gives utilities granular insight into the likelihood of an asset igniting a wildfire. Rhizome developed its new platform with feedback from its utility customers in the Northeast, Pacific Northwest, and Texas. 

    Rhizome cofounder and CTO Rahul Dubey said:

    gridFIRM evaluates specific wildfire risk mitigation tactics utilities are commonly considering.

    The tool is specifically built to help utilities assess the effectiveness of investments such as insulating bare conductors, undergrounding, replacing aging assets, deploying reclosers, and others.

    The Washington, DC-based company also announced that it’s getting $1 million in capital investment from Convective Capital, a venture capital firm that funds startups developing technology to address the growing global wildfire crisis.

    Bill Clerico, founder and managing partner at Convective Capital, said:

    [W]ildfire ignitions have become an existential risk, causing bankruptcies, fines, and regulatory actions and costing the industry over $100 billion in the last 10 years. 

    We’re excited that Rhizome’s new product gridFIRM is now available as a much-needed new tool for utilities, and our investment will help the company grow even faster and build a safer and more reliable grid.

    Read more: In a first, the US will require grid planning for 20 years into the future


    To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

    Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –affiliate link*

    FTC: We use income earning auto affiliate links. More.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleOlympics 2024 | TOPS to finance Prannoy’s trainer during Paris Games
    Next Article Realtor report: Foreign home buying falls 21% in US

    Related Posts

    Utilities

    Addressing underground threats to vital infrastructure – How modern ground strengthening solutions minimise disruption to utilities

    May 17, 2026
    Utilities

    Narberth Swimming Pool gets £1k from Wales & West Utilities

    May 14, 2026
    Utilities

    The Hidden Bottleneck Slowing DER Interconnection—and What Utilities Can Do About It

    May 13, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Closing Bell: Sensex, Nifty slip from record highs to end flat amid volatility

    November 30, 2025
    Bitcoin

    Is Bitcoin Price Outperforming Gold And NASDAQ This Cycle?

    August 15, 2025
    Utilities

    United Utilities Group PLC (LON:UU.) is favoured by institutional owners who hold 81% of the company

    October 14, 2024
    What's Hot

    Stock Market Holidays May 2025: NSE, BSE To Remain Closed On These Days This Month – Full List

    April 27, 2025

    Dow, S&P 500, Nasdaq futures tread water ahead of next round of US-China talks

    June 10, 2025

    China’s property slump will be worse than expected

    February 9, 2026
    Most Popular

    Vendre en mai? Bitcoin en tête de 107 000 $, pourrait atteindre des records cet été disent que les analystes

    May 21, 2025

    BTC atteindra bientôt 150 000 $

    March 13, 2025

    The Truth About Trading Commodity Seasonality: What Still Works and What Doesn’t

    November 30, 2025
    Editor's Picks

    Investors Could Be Concerned With Hiap Tong’s (Catalist:5PO) Returns On Capital

    October 14, 2024

    Schneider Electric set to invest more than $700mn in US energy sector

    March 25, 2025

    Is London’s IPO market due a fintech revival?

    February 25, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.