The Global Climate Platform

CLIMATE & ENERGY TECHNOLOGY

Wednesday, 28, February, 2024


DESCRIPTION
 Introducing Project Raindrop, a solution crafted to collaborate with natural processes, enriching precipitation for an extended ski season and reservoir replenishment.

PROBLEM Traditional snowmaking at ski resorts is cost-intensive and environmentally burdensome, compounded by global water scarcity issues.

Beyond skiing, the technology has broader applications, addressing climate-related challenges like freshwater supply, drought relief, wildfire prevention, land improvement, and agricultural enhancement.

SOLUTION Offers a subtle “push” to clouds, prompting the conversion of their moisture into rain and snow.

IMPACT Promises to significantly lengthen and improve the ski season, concurrently addressing severe droughts and mitigating wildfire risks.

EVIDENCE Proven success in transforming barren landscapes into productive terrain in a field test within a community.

TECHNOLOGY The ionization system emits negatively charged ions, fostering the creation of precipitation as evidenced by data. Holds an extensive patent portfolio, accompanied by expertise in advanced computational analysis.

CUSTOMER Primarily ski resorts.

BUSINESS MODEL

ECONOMICS Envisions versatile applications, positively impacting water supply, land quality, and agricultural productivity. Currently in its startup phase, with a Series A funding round anticipated in the next six months. Seeking $2 million to initiate production and commercialization of initial devices for the targeted market.

COMMENTS Emerging from a nearly completed SPAC financing in 2022,  has secured substantial funding. Beyond weather modification, its technology holds promise in areas such as carbon recapture, wildfire reduction, and reservoir restocking.

GLOBAL COMPETITION A breakthrough. Does not have competition yet. Next to snow making, it inncludes air pollution reduction, direct CO2 removal, meeting net-zero goals—especially for hard-to-abate industries—and generating carbon credits.


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