Jupiter in the news

“Without that planning and investment, a hellscape will be upon us,” says Rich Sorkin, as the Washington Post turns to Jupiter for insights into power grid climate resilience after the devastating winter blackouts in Texas.

Jupiter Intelligence CEO Rich Sorkin said banks are using his firm’s services to “understand the safety of a mortgage asset over the mortgage’s expected life cycle.” Sorkin added that his company has seen “a huge uptick in interest” from insurance, asset management and real estate companies.

“As Rich Sorkin, head of Jupiter Intelligence, a consultancy, argues: ‘In ten years there won’t be a large entity anywhere on the planet that does not have a handle on its climate risk. Consumers, shareholders and employees won’t stand for it.’”

“Currently, the world overall is repeating the mistakes of the COVID pandemic and the Global Financial Crisis – it is too slow to recognize and respond to enormous and imminent impacts on citizens and corporations,” says Rich Sorkin, CEO of Jupiter.

Zurich North America Insurance has selected Jupiter as one of two finalists to represent North America in the Zurich Innovation Championship. The global competition is designed to create collaborations between Zurich and insurtechs and bring new ideas and energy to the forefront.

Jupiter will use its technology to help the insurance group predict the financial effect of natural disasters such as floods.

A new report warns three Houston-area petrochemical facilities are “highly vulnerable” to costly impacts from climate change. Jupiter estimated the plants would see three to eight times more damage from “extreme” flood events within the next 10 years.

In the report, Jupiter notes that the “very functionality” of the properties could be threatened in the coming decades if designs are not upgraded to prepare for climate change and could result in millions of dollars in equipment damages.

Jupiter CEO Rich Sorkin discusses climate change, adaptation & resiliency, and more with Jason Jacobs on this episode of the My Climate Journey podcast.

Jupiter today announced an agreement with the Hawaiian Electric Companies to provide ongoing climate risk analytics services for generation, transmission and distribution infrastructure across five major islands of Hawaii. Jupiter also recently announced a capital investment from Elemental Excelerator (Elemental), a global infrastructure innovation accelerator. The funding, as part of Elemental’s Demonstration Track, will enable Jupiter to accelerate deployment of its flood and wind risk analytics services in the Pacific, beginning in Hawaii.

Jupiter Launches Climate Data, Analytics and Technology Platform to Predict and Manage Weather and Climate Change Risks