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Neara's Solution ingests existing data to auto-generate a cloud-based digital twin of a users power grid. With this 3D model, Utilities are able to simulate events to pinpoint vulnerabilities in the network.
Published July 16, 2020
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Updated November 7, 2024
Power & Utilities
Asset Management & Digitization
Product Overview
Overview
Neara creates 3D digital models of utility networks. The company's model helps utilities prepare for every scenario by proactively identifying risks and the best path for addressing them in every situation, from severe weather to increasing demand and decarbonization milestones. The model reflects a combination of carefully curated and cleaned data sources, including LiDAR, GIS, satellite imagery, and custom sources like pole, conductor and construction libraries to ensure a high-fidelity representation of real-life assets whereby the digital model responds to stimuli exactly the same way.
Business Model
Saas Platform License (Unlimited Users) Project Specific Pricing
Technology Innovations
(1) Neara enables better, faster decisions
Whether you’re preparing your vegetation budget, getting storm season ready or need to expand network capacity, digital surveys empower better, faster decisions by simulating every scenario across every square inch of your network and sizing up the impact — instead of waiting to see what happens in real-life. Get answers to the most pressing questions today instead of guessing around months of meetings, field time, and manual analysis.
Rank-order risks according to consistent, custom criteria — with easy-to-audit data to back your decisions. Streamline cost-benefit analyses and let Neara’s model make a clear case for what you already know to unblock you and build stakeholder consensus. De-risk every initiative by grounding every operation in a single platform so you can see how every design change, hot day and pruning job will ripple through your network.
(2) Neara saves thousands of field visits
Achieve a new standard of speed, accuracy, and thoroughness across your network inspection efforts while saving thousands of field visits. AI-assisted remote inspections in Neara’s model leverage more context and consistency than meets the human eye for a holistic network stress-test that prioritizes your attention. Ditch the piecemeal network surveys and arbitrary maintenance schedules and laser-focus field time on the risks that matter most. Bring every scenario to life in Neara’s model, not the field — from how new infrastructure, high winds and sweltering heat will impact your network performance. Count on Neara’s remote inspections to shave hundreds of hours off of your post-weather inspection times when downed lines, fallen trees, and flood waters make it unsafe for your team to be in the field.
(3) Neara sets the record straight on your assets
Clear the cobwebs from your GIS and see your network exactly as it exists today so you can chart a course for maximizing its true potential in the face of any stressor, from fires to floods and peak demand and clean capacity requirements. Neara’s model supports your full asset lifecycle so you know which assets need repairs, replacements, and relocation, and when and where you need new infrastructure.
Proactively de-risk, and enhance performance across all assets — from incorrect and missing details, including the poles missing from today’s maintenance work order, the undocumented cross-arm throwing off your clearance calculation to latent capacity that can help you satisfy new demand records faster. Get as much as you can out of your existing network and design new network upgrades tailor-made to enhance what you have today and what your community needs.
Applications
Neara's technology aims to solve the following industry challenges:
Meeting Decarbonization Timelines:
- Utilities are under immense pressure to meet decarbonization timelines, particularly aiming for the 2030 goals in the US.
- However, prohibitive new transmission costs and regulatory red tape have become major blockers.
Reducing Risks Amid Network Complexity:
- Utilities face the challenge of reducing risks across their vast networks, compounded by the diverse range of stresses their equipment experiences.
- "Extraordinary" weather patterns further complicate the situation, necessitating adaptation to new realities.
- Manual maintenance approaches are impractical and costly, yet overlooking risks can lead to significant financial losses and dangerous conditions.
- Legacy network monitoring approaches prolong outages and contribute to unsafe conditions, with power outages costing $150 billion annually.
Meeting Increasing Grid Demands:
- Electricity consumption is projected to more than double by 2050 in Europe.
- The next decade will see unprecedented demands on the grid, necessitating enhanced resilience and efficiency.