StormGeo, a developer of weather intelligence tools, helps companies prepare for severe weather threats to protect people and assets by utilizing location-specific forecasts and twenty-four-seven access to meteorologists and data scientists. As Jostein Mælan, COO of Weather Insights proclaimed, “safety above all else!,” is the guiding principle of what has become a global company located in over 15 countries with more than 600 employees.

Mælan, who was affiliated with the company in its early beginnings, explained how extreme weather is on the uprise, with weather phenomena such as hurricanes becoming stronger in force. Operating at the intersection of climate change and digitalization drives StormGeo’s business, with meteorology propelling advancements of AI and machine learning for global models. Participants were shown a collaborative project between StormGeo and a leading construction and development company in Norway where a custom weather system was created, with the hope that the industry ultimately will adopt similar project management tools to ensure a more intelligent allocation of time and resources, whilst simultaneously ensuring the safety and well-being of employees.

Mælan then explained how forecasting the spot price for EU energy systems is part of their weather analytics services, providing much-needed predictions in today’s volatile energy market. As for markets in Norway, the North will continue to attract consumers of electricity, namely industries, due to the competitive price point. In addition to weather intelligence, companies rely on StormGeo’s ship routing services. With the reality of climate change that is upon us, StormGeo’s offerings are only expected to grow.