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Gold & Green Sends Space Data Sky High

Brian Baglow

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Space Companies in Scotland

Scottish satellite data firm Ecometrica is experiencing huge growth as green initiatives and gold miners look to space for insight.

Ecometrica, the Edinburgh-based company which uses space data to ‘monitor the health of the earth from space’, is enjoying a period of growth and prosperity, as demand grows for the company’s services focused around ecological monitoring and assessment technology.

In the wake of the Paris climate agreement, the company has experienced a 25% rise in sales, along with a fivefold increase in profits to £218,000, rising from £45,000 in the previous 12 months.

In addition the company has also secured new contracts worth up to £16 million.

Adrian Smith, CFO, Ecometrics. Space Data expertsAdrian Smith, Ecometrica’s chief financial officer, said: “We’re a growing export story, and as we grow, we’re also becoming more profitable. Ecometrica is benefitting from more governments and corporates using the Ecometrica Platform.

“New clients include Canadian resource businesses, as gold miners, in particular, look to increase their transparency on social and environmental impacts. But it’s predominantly governments who want to safeguard their natural environments. Our ambition is to provide much of the monitoring and assessment technology for the Green Climate Fund that came out of the Paris agreement, and that will help us comfortably reach our stated goal of £10 million turnover by 2020.

“Also by 2020, we expect corporates to play a much greater role, as they are taking over responsibility for mitigating climate change. In the US, where the government has taken a step back from climate change action, corporates have stepped forward to fill the gap.

“Agile space data is a huge growth market that will have a knock-on effect across all industries, as well as furthering environmental work, educational and scientific research.”

In the last year, Ecometrica was number 388 on the FT’s list of Europe’s 1000 fastest growing companies, based on revenue growth of almost 300% in the three years to 2015. In 2017 it also made Deloitte’s Technology Fast 500 list.

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Brian Baglow

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