Proveye signs 900,000 contract with European Space Agency [Video]

UCD-based remote sensing company Proveye has been awarded a second contract with the European Space Agency worth €900,000 under the ARTES Business Applications and Space Solutions Programme.

The contract will allow Proveyes to further develop its platform, which integrates satellite and drone image processing and AI technologies to measure and monitor land use, carbon sequestration and biodiversity in the world’s grasslands.

The platform can measure performance and risk in nature-based solutions projects that look to increase biodiversity and carbon sequestration through regenerative management of grassland ecosystems.

According to the Rangeland Atlas, 54% of the world’s land surface is covered by grass, shrubs or sparse, hardy vegetation storing over 20% of the Earth’s soil carbon, in addition to playing a key role in global food production.

The company said that grasslands are seen by many to be an undervalued source of climate resilience and food production primarily, due to difficulty of measuring and monitoring at vast …