Osmose and Neara Partner to Help Utilities Strengthen Transmission and Distribution Infrastructure with AI-Powered Data Insights
Rhea-AI Summary
Osmose and Neara have announced a strategic partnership to enhance utility infrastructure assessment and grid strengthening capabilities, with CenterPoint Energy among the first utilities to implement their combined solution. The partnership integrates Osmose's field-based asset assessment and restoration expertise with Neara's AI-powered predictive modeling platform.
The collaboration addresses key challenges in utility infrastructure management by enhancing data accuracy through field verification and AI processing, improving risk-based decision-making, and optimizing restoration strategies. The partnership promises significant benefits including:
- Up to 70% cost savings through asset reinforcement versus replacement
- Up to 80% faster restoration times
- 25% more accurate asset prioritization
CenterPoint Energy is utilizing these tools to enhance storm preparedness and network reliability as part of its mission to build the most resilient coastal grid in the nation.
Positive
- Partnership enables up to 70% cost savings in asset management
- Delivers 80% faster restoration times for infrastructure repairs
- Provides 25% more accurate asset prioritization
- Integration of field verification and AI modeling improves operational efficiency
Negative
- None.
News Market Reaction
On the day this news was published, CNP gained 0.28%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Osmose and Neara are teaming up to enable utilities like CenterPoint Energy to evaluate asset risk with greater precision and improve underlying network data quality and utilization.
By combining Osmose's deep expertise in field data collection, structural analysis, and restoration solutions with Neara's advanced AI modeling, the partnership will address longstanding data quality challenges that often limit effective decision-making. Many utilities struggle with incomplete or outdated network data, leading to premature replacements or missed opportunities for cost-effective reinforcement. This joint solution enhances data accuracy, helping utilities optimize restoration efforts, reduce costs, and improve resiliency.
"By integrating Neara's AI-driven modeling with our industry-leading field services, we're giving utilities a powerful tool to make smarter, more data-driven decisions," said Mike Adams, CEO of Osmose. "Accurate asset data is the foundation for a resilient grid, and this partnership provides the precision needed to maximize reliability and performance."
The collaboration will focus on several key challenges in utility infrastructure management:
- Enhancing data accuracy – Osmose's field teams collect and verify asset conditions on-site, ensuring utilities have the most reliable and precise structural data available. Neara's AI platform then processes and refines this data, automatically correcting and enhancing GIS records. By combining Osmose's hands-on expertise with Neara's AI-driven insights, utilities gain a clearer and more actionable understanding of their network.
- Improving risk-based decision-making – Osmose's structural analysis and degradation models provide deep insights into asset condition and performance. Neara enhances these insights by applying predictive analytics, helping utilities quantify risk and prioritize action. Together, they enable utilities to determine which assets require immediate restoration, which can be reinforced or upgraded, and which should be replaced—eliminating costly guesswork.
- Optimizing restoration strategies – Osmose's field-verified assessments allow utilities to target restoration and reinforcement efforts with precision. Neara's modeling further refines this process by force-ranking risk-adjusted priorities across the network. This ensures that utilities make the most cost-effective and impactful restoration decisions, strengthening infrastructure while minimizing unnecessary replacements.
"Restoration, reinforcement, and structure replacement all play key roles in strengthening distribution infrastructure," said Jack Curtis, Chief Commercial Officer at Neara. "But the most effective decision-making starts with clean, accurate data. By integrating Osmose's field expertise into our platform, we're helping utilities like CenterPoint Energy improve resiliency while optimizing costs."
CenterPoint Energy is already using the partnership's tools to enhance its storm preparedness and improve network reliability.
"At CenterPoint Energy, we are focused every day on building the most resilient coastal grid in the nation and increasing the resiliency of the communities we are privileged to serve," said Eric Easton, VP of Grid Transformation at CenterPoint Energy. "As we work to leverage technology to deliver better outcomes for our customers, we're continuing to enhance our advanced modeling capabilities, which includes collaborating with cutting-edge technology providers like Neara and Osmose to leverage data from both site-specific field analysis and LiDAR-based modeling to optimize the accuracy of individual asset analysis as well as the efficiency of our whole system modeling."
This partnership helps utilities move beyond traditional inspection cycles and embrace a more proactive, data-driven approach. The benefits include:
- Up to
70% cost savings by reinforcing rather than replacing high-risk assets; - Up to
80% faster restoration, minimizing disruptions and improving reliability; and 25% more accurate asset prioritization, ensuring the most critical upgrades happen first
By continuously updating asset data through field inspections and AI-driven modeling, utilities can stay ahead of potential failures and ensure their networks are stronger, safer, and more reliable.
About Osmose Utilities Services, Inc.
Founded in 1934, Osmose is the market-leading provider of critical above-grade and below-grade electric transmission and distribution asset assessment, evaluation, and restoration for electric utilities, telecommunications companies, and renewable energy generators in
About Neara
Neara's AI-assisted predictive modeling software helps infrastructure owners drive critical proactive decisions by conducting precise analyses in hours and days that would otherwise take months or years in the field. Network-wide simulation analyses reveal how assets behave in real-world environments during any scenario — empowering better, faster, more cost-effective decisions. The model supports end-to-end network governance, from routine operational decisions to emergency scenarios and major grid-hardening investments — without verification from manual surveys. Neara's technology has modeled >1.5 million square miles of global network territory featuring ~10 million assets, across four continents from
About CenterPoint Energy
As the only investor-owned electric and gas utility based in
Media Contact
neara@haymaker.co
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SOURCE Neara
FAQ
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