BlackSky and SynMax partner to monitor US Coal Powerplant Inventory

BlackSky and SynMax partner to monitor US Coal Powerplant Inventory
by Staff Writers
Herndon VA (SPX) May 31, 2023

BlackSky Technology Inc. (NYSE: BKSY) was competitively selected by energy intelligence company SynMax to monitor more than 100 United States coal powerplants. The partnership will create the world's most timely and accurate energy intelligence assessment and support national energy transition initiatives away from fossil fuels toward alternate, more sustainable energy resources.

"BlackSky's real-time, dynamic monitoring capabilities are reshaping how the global coal industry assesses critical economic indicators at scale," said Brian E. O'Toole, BlackSky CEO. "With continued momentum in the commercial market, innovative industry intelligence partners like SynMax are among the first in the energy ecosystem to give their clients a valuable competitive advantage using timely, accurate space-based sensor data."

Following a comprehensive evaluation from multiple satellite data companies, SynMax selected BlackSky's advanced burst imagery capability, which focuses on a single target and generates five shots over a 15-second period. This allows multiple view angles and unprecedented accuracy of resulting analytics, as well as motion tracking of objects at the target location. Burst imagery, along with all BlackSky offerings, can uniquely be captured from early in the day to late in the evening. SynMax will use BlackSky's time-diverse imagery to generate 3-D volumetric products.

"BlackSky's dawn-to-dusk, low-latency image data will enable the highest degree of accuracy in monitoring coal inventories," said Eric Anderson, SynMax chief technology officer. "Real-time dynamic monitoring capabilities will help SynMax maintain its position at the forefront of the energy intelligence industry and pave the way for future collaborations on energy intelligence and maritime projects."

BlackSky's novel rapid-revisit, low-latency imagery services enable SynMax to provide its clients with precise information on coal stockpiles, allowing for more effective decision-making in the energy industry. Understanding coal's shrinking contribution to the energy grid is a critical component of energy transition planning. This partnership underscores SynMax's commitment to utilizing innovative technology and data-driven insights to empower energy stakeholders and promote sustainable energy management practices.