Spire Global Inc., a provider of space-based data, analytics and space services, has been awarded a contract by GHGSat, a leader in high-resolution greenhouse gas monitoring from space. Under the agreement, Spire will build, launch and operate four 16U satellites that will carry GHGSat payloads to monitor greenhouse gas emissions. This is an extension of the initial agreement between the two companies for three 16U satellites that are planned to launch by the end of 2023.
Spire Space Services, with a $39 billion total addressable market, allows organizations to leverage the Company’s infrastructure to quickly scale a constellation with its rapid development, manufacturing, launch and operations capabilities.
Frank Frulio, General Manager and Global Head of Space Services at Spire, stated, “Our Space as a Service model is designed to support the rapid pace at which our customers are growing, allowing companies like GHGSat to focus on their mission and services, while we deploy their payload into space safely, quickly and in a cost-effective manner. We are proud to expand our partnership with GHGSat as they scale their constellation to bring transparency to the global issue of greenhouse gas emissions.”
The data collected by the new payloads will be used to monitor emissions from carbon-intensive industries, such as power plants, oil and gas operations, and industrial sites. This will help governments and industries take action to reduce emissions, a critical step in achieving net-zero goals. According to the Intergovernmental Panel on Climate Change, climate change is a threat to human well-being and planetary health, and there is a rapidly closing window of opportunity to secure a livable, sustainable future.