Overstory and Fulcrum Partner to Enhance Risk Management for Utilities
In a significant partnership aimed at bolstering risk management, Overstory and Fulcrum have joined forces to provide utility companies with a robust solution to mitigate risks associated with power outages and wildfires. This innovative collaboration marries Overstory’s risk assessment capabilities with Fulcrum's operational management, paving the way for improved preventive measures.
Overstory is a risk monitoring platform that assists utilities in preventing emergency situations such as power outages and wildfires by analyzing data stemming from vegetation and other related factors. Fulcrum, on the other hand, provides field operations management tools that enable organizations to efficiently plan, execute, and document their field interventions. The integration of these two platforms creates a seamless workflow that facilitates the evaluation of risk and corresponding actions taken on the ground.
The newly created integration allows for a verified record of risks mitigated through utility interventions, combining risk prioritization models from Overstory with Fulcrum’s deployment, inspection, and completion data in one cohesive system. This alignment not only streamlines the risk assessment process, but also empowers utility teams to quantify the value of their risk reduction efforts and make informed decisions about future investments and actions.
Utilities face mounting pressure to demonstrate the effectiveness of their risk mitigation strategies. A key element of this partnership is addressing three fundamental questions for network managers: What are the current risks? What risks have we successfully reduced? And where should we take action next?
Through Overstory, a utility can identify a high-risk power line segment, weigh it against other competing priorities, and determine the necessary mitigation measures. Fulcrum then supports the field teams in executing these tasks, ensuring they document the condition before and after their interventions. The data collected are then funneled back to Overstory, offering a real-time view of residual risks and guiding utilities on subsequent actions to pursue.
Fiona Spruill, CEO of Overstory, emphasized the importance of this integration: "Utilities are under tremendous pressure to showcase the impact of their work, but system fragmentation makes it nearly impossible. By linking Overstory with Fulcrum, utilities will have a real-time, reliable record of where work needs to be done, what has been completed, and the resulting impacts, enhancing trust with local communities and regulatory bodies."
This partnership not only addresses current concerns but also enables utilities to anticipate long-term risks. Observations from field teams can be instantly relayed to Overstory, enriching future risk predictions and increasing modeling accuracy.
Jim Grady, CEO of Fulcrum, expressed optimism about the integration: "Fulcrum’s tools guide field teams on where to go and what actions to take. The integrated capabilities allow for the collection of verifiable data that validates risk reductions. This information is subsequently sent back to Overstory to update ongoing risk assessments."
The integration of Overstory and Fulcrum is now available for all utility partners, marking a new era of collaborative risk management. By leveraging this partnership, utilities can improve their operational efficiencies, meet regulatory requirements, and ultimately enhance their service to the communities they serve.
Overstory is a business risk analytics platform that helps utilities prevent power outages and wildfires. By combining satellite imagery, sensors, and artificial intelligence, Overstory analyzes vegetation and fuel loads across utility networks, transforming risks into clear compromises and actionable programs. Supported by mission-driven investors like Blume Equity and Energy Impact Partners, Overstory has earned the trust of six out of the ten largest energy providers in North America.
Fulcrum is the field operations management platform utilized by organizations to carry out, document, and conclude their interventions. Utility companies in electricity, gas, water, and sanitation, along with associated engineering and construction firms, leverage Fulcrum for asset management, vegetation management, and emergency response operations. Nearly 3,000 companies currently use Fulcrum, which is developed by Spatial Networks, Inc., headquartered in San Francisco, California.
The Foundation of the Partnership
Overstory is a risk monitoring platform that assists utilities in preventing emergency situations such as power outages and wildfires by analyzing data stemming from vegetation and other related factors. Fulcrum, on the other hand, provides field operations management tools that enable organizations to efficiently plan, execute, and document their field interventions. The integration of these two platforms creates a seamless workflow that facilitates the evaluation of risk and corresponding actions taken on the ground.
A New Approach to Risk Reduction
The newly created integration allows for a verified record of risks mitigated through utility interventions, combining risk prioritization models from Overstory with Fulcrum’s deployment, inspection, and completion data in one cohesive system. This alignment not only streamlines the risk assessment process, but also empowers utility teams to quantify the value of their risk reduction efforts and make informed decisions about future investments and actions.
Addressing Critical Questions
Utilities face mounting pressure to demonstrate the effectiveness of their risk mitigation strategies. A key element of this partnership is addressing three fundamental questions for network managers: What are the current risks? What risks have we successfully reduced? And where should we take action next?
Through Overstory, a utility can identify a high-risk power line segment, weigh it against other competing priorities, and determine the necessary mitigation measures. Fulcrum then supports the field teams in executing these tasks, ensuring they document the condition before and after their interventions. The data collected are then funneled back to Overstory, offering a real-time view of residual risks and guiding utilities on subsequent actions to pursue.
Enhancing Accountability and Transparency
Fiona Spruill, CEO of Overstory, emphasized the importance of this integration: "Utilities are under tremendous pressure to showcase the impact of their work, but system fragmentation makes it nearly impossible. By linking Overstory with Fulcrum, utilities will have a real-time, reliable record of where work needs to be done, what has been completed, and the resulting impacts, enhancing trust with local communities and regulatory bodies."
This partnership not only addresses current concerns but also enables utilities to anticipate long-term risks. Observations from field teams can be instantly relayed to Overstory, enriching future risk predictions and increasing modeling accuracy.
A Unified Effort for Utilities
Jim Grady, CEO of Fulcrum, expressed optimism about the integration: "Fulcrum’s tools guide field teams on where to go and what actions to take. The integrated capabilities allow for the collection of verifiable data that validates risk reductions. This information is subsequently sent back to Overstory to update ongoing risk assessments."
Conclusion
The integration of Overstory and Fulcrum is now available for all utility partners, marking a new era of collaborative risk management. By leveraging this partnership, utilities can improve their operational efficiencies, meet regulatory requirements, and ultimately enhance their service to the communities they serve.
About Overstory
Overstory is a business risk analytics platform that helps utilities prevent power outages and wildfires. By combining satellite imagery, sensors, and artificial intelligence, Overstory analyzes vegetation and fuel loads across utility networks, transforming risks into clear compromises and actionable programs. Supported by mission-driven investors like Blume Equity and Energy Impact Partners, Overstory has earned the trust of six out of the ten largest energy providers in North America.
About Fulcrum
Fulcrum is the field operations management platform utilized by organizations to carry out, document, and conclude their interventions. Utility companies in electricity, gas, water, and sanitation, along with associated engineering and construction firms, leverage Fulcrum for asset management, vegetation management, and emergency response operations. Nearly 3,000 companies currently use Fulcrum, which is developed by Spatial Networks, Inc., headquartered in San Francisco, California.
Topics Business Technology）
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