Fieldfisher supports Satellite Vu on satellite clone deal with SSTL to double climate data yields
European law firm Fieldfisher has advised Satellite Vu, the UK satellite firm set to become the world’s thermometer from space, on its contract to commission a new clone of its original satellite. Satellite Vu is working in collaboration with Surrey Satellite Technology Ltd. (SSTL) with the deal set to double its data collection capacity.
The deal sees SSTL begin construction on the second of Satellite Vu’s Mid Wave Infra-Red (MWIR) thermal imaging satellites which will collect thermal data day and night of the natural and built environment at any location on the planet, enabling the measurement of heat signatures and heat loss of any building in the world.
The satellites will form a constellation, which will have the capacity to measure the energy efficiency of buildings, alongside fire spread prediction and water pollution, multiple times a day, providing real-time data-driven climate insights.
The contract for the first Satellite Vu satellite was signed in 2021 with SSTL ready for shipment in the first quarter of 2023 for a launch aboard SpaceX’s Falcon 9.
The second satellite, which is an exact clone of the first, is expected to be launched in early 2024 in response to market demand for greater capacity and more frequent revisit times.
The Fieldfisher team was led by John Worthy, partner and head of the firm's award-winning Satellite and Space Projects group, supported by Senior Associate Alex Harbin.
John Worthy commented: "Given the importance of responding to climate change, we are delighted to help Satellite Vu deliver a significantly improved way of monitoring thermal emissions and find solutions to the pressing needs of the planet. We are delighted to build on our relationship with Satellite Vu, one of the UK's brightest space businesses, and secure the latest milestone in the road towards a more sustainable environment."
Anthony Baker, Founder and CEO of Satellite Vu said: “Environmental issues are at the forefront of everyone’s minds, from governments to businesses to consumers, as we collectively recognise the urgency of creating a green and sustainable future for all.”
“To create this future, we urgently need verifiable data sets to measure our progress and provide comparable metrics, therefore our satellites are set to revolutionise climate change by tackling energy wastage and connecting governments and businesses with the necessary data to reduce their carbon emissions.”
“The procurement of another satellite is driven by market demand for more capacity to address urgent customer problems and investor confidence in the team to accelerate the execution of the company business plan.”