Davra, Treemetrics secure co-funding of €3m under Earth observation programme
Two Irish companies, Davra and Treemetrics, have been awarded co-funding under the European Space Agency’s Earth observation programme, with a total value of over €3 million.
The companies secured co-funding through Ireland’s investment in the InCubed programme, which supports industry to develop new commercial Earth observation based products by providing rapid co-funding. InCubed focuses on developing innovative and commercially viable products and services that exploit the value of Earth observation imagery and datasets.
The news was announced as 10 Enterprise Ireland companies visited ESRIN, the European Space Agency’s (ESA) Centre for Earth Observation.
Davra has secured a contract through ESA to demonstrate the feasibility of combining data captured through their IoT solution with Earth Observation data sets captured by Sentinels 1 and 2 to be used as a basis for monitoring mine tailings. Within the global mining Industry, there is no single management platform that provides on-site operational control of critical systems and processes. By integrating key satellite, industrial IoT, LIDAR and weather data, the opportunity exists to develop a global application enablement platform to address this commercial opportunity.
Treemetrics was awarded a two-year ESA contract that will see them utilising satellite imaging, data analytics and its advanced forest measurement technology to provide more accurate forest carbon credit estimates. The global demand for forest carbon credits is growing larger every year, having nearly quadrupled in 2021, driven by an increasing desire from companies and individuals to reduce their carbon footprint. Many organisations across the globe are voluntarily committing to this and investors are demanding the utilisation of high quality carbon projects.
Niall Bolger, Enterprise Ireland programme manager for Earth observation programmes, said: “A growing number of Irish companies and research teams are now actively involved in space-related activities, many of which provide leading-edge solutions that are critical to ESA’s mission. This trade mission focuses on the opportunities that ESA’s Earth observation programme presents. Enterprise Ireland’s client companies have huge potential to support this, providing expertise in advanced data analytics, Artificial Intelligence, and advanced sensor technologies. There is a growing opportunity for Irish innovators and researchers to play a significant role in this vibrant and exciting sector.”
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