Spire Global wins contract from EUMETSAT for weather forecast data

Spire Global, Inc. (NYSE: SPIR), a renowned global provider of space-based data, analytics, and space services, has been awarded a multi-million euro contract by the European Organization for the Exploitation of Meteorological Satellites (EUMETSAT), Europe’s leading meteorological satellite agency. This significant contract, spanning an initial two-year period from 2024-2026 with potential extensions, underscores Spire Global’s pivotal role in enhancing weather forecasting capabilities.

Enhancing Weather Predictions with Radio Occultation Data

Following a successful pilot program that showcased the efficacy of Spire’s radio occultation (RO) data, this contract will focus on providing critical information about atmospheric conditions. Spire’s RO data, vital for weather forecasting accuracy, offers comprehensive insights into the vertical profiles of pressure, humidity, and temperature globally, including in the most remote regions and open oceans.

Real-Time Data for Global Distribution

Spire Global will provide this crucial data in near-real time, making it accessible to EUMETSAT’s user community worldwide. This data distribution is integral to enhancing weather forecast modeling, contributing significantly to global meteorological efforts.

Commitment to Climate Change Mitigation

Theresa Condor, Chief Operating Officer at Spire, emphasized the shared commitment with EUMETSAT in utilizing space-based data to address climate change impacts. “We’re proud to work with the agency to improve weather forecasting and protect human life and property,” Condor stated. This partnership aligns with the growing need for accurate weather data amid increasing extreme weather events.

EUMETSAT’s Emphasis on Open Data Exchange

EUMETSAT Director-General Phil Evans highlighted the importance of global data redistribution, adhering to the World Meteorological Organization’s principles. This approach ensures that the benefits of commercial arrangements extend beyond EUMETSAT’s member states, enhancing weather forecasting models for communities worldwide.

Spire Global’s Expanding Weather Data Solutions

Spire Global boasts a vast portfolio of weather data solutions, including current and historical weather data, along with weather forecast solutions tailored for various sectors. Most recently, the company launched a high-resolution weather forecast service specifically designed for utilities and commodity traders.

In summary, Spire Global’s contract with EUMETSAT represents a significant advancement in global weather forecasting efforts. This collaboration will leverage Spire Global’s expertise in space-based data to enhance weather prediction accuracy and support efforts in confronting the challenges posed by climate change.