Satellite Vu, the UK satellite firm set to become the world’s thermometer from space, has partnered with Landmark Information Group to provide vital climate data to the real estate market.
The partnership will see Satellite Vu 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 towards Net Zero.
The Intergovernmental Panel on Climate Change’s (IPCC) report re-affirmed the global aim to reduce carbon emissions by 50 per cent 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 pertaining 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.
Satellite Vu recently announced a launch deal with Elon Musk’s SpaceX, which will see the first of their 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.”