Press Release

LMI Ventures and The Climate Service Partner to Detect and Mitigate Climate Risks to F-35 Program

October 22, 2019

Tysons, Va. – LMI Ventures, a venture capital fund operated by LMI and dedicated to bringing startups’ innovation to the federal government, has partnered with The Climate Service (TCS) to help LMI’s customers assess climate risks to their portfolios quantitatively and create risk mitigation strategies.

The strategic partnership will enable LMI to bring The Climate Service’s proprietary Climanomics™ analytics software to federal clients. The Climanomics software analyzes organizations’ data to model their climate risks in financial terms that align with the Task Force on Climate-related Financial Disclosures. This encompasses transition risks—for example, the costs associated with shifting to carbon-neutral or climate-resilient policies and technologies—and physical risks, such as the increased likelihood of storm flooding.  Armed with this analysis, LMI consultants devise tailored, data-driven risk mitigation strategies. The partnership includes an equity investment by LMI Ventures to help TCS scale its capabilities to meet growing market demand. 

“The Climate Service is a pioneer in climate analytics with success across numerous industry sectors. We are delighted to accelerate the introduction of its capabilities to the federal sector through this partnership,” said Audra Upchurch, director of LMI’s infrastructure, energy, and environment practice. “Federal agencies are increasingly concerned with understanding and anticipating the effect of climate change on their operations. LMI is now positioned to supply clients with the very best analysis and solutions development.”

The Climate Service CEO James McMahon said, "We are excited about our partnership with LMI to provide our climate risk software to the U.S. federal government. We're seeing a huge demand for robust, reliable, and transparent information about the effects of climate change. Both the public and private sectors will be affected significantly—though differently—by climate change. We are delighted to serve the federal need for actionable insights with our partner, LMI."

The partnership will initially buttress LMI’s ongoing support to the Office of the Secretary of Defense, assessing climate risks to the operational readiness of the F-35 Joint Strike Fighter, including F-35 installation resiliency and mission assurance requirements.

Established in February 2019, LMI Ventures earlier announced a major partnership with Immuta, whose data governance platform is an integral component of LMI’s Maintenance and Availability Data Warehouse solution, which is a Washington Technology 2019 Industry Innovator Award recipient.

LMI Ventures principal Ian Folau said, “This partnership exemplifies our goal of bringing innovative tools to the government as quickly as possible. The domain and technical expertise at TCS is second to none; TCS is precisely the right partner to furnish software solutions that enrich our clients’ understanding of climate risks. We are excited about the potential for clients across LMI’s defense, national security, health, and civilian markets to realize the benefits.” 

— Ian Folau

TCS Logo

The Climate Service

The Climate Service is a climate analytics company whose proprietary Climanomics™ software quantifies climate risk, including both transition risk and physical risk, in financial terms that are aligned with the Task Force on Climate-related Financial Disclosures. 

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