MetLife Purchases Products from Climate Tech Firm Addressing Wildfire Risk in Colorado
What happened
MetLife is purchasing products from Charm Industrial, a climate technology company based in San Francisco. Charm Industrial conducts research and development in Colorado, where it addresses urgent wildfire risks by converting excess biomass into bio-oil and biochar. This work supports efforts to reduce wildfire risk while providing financial security for Charm employees through MetLife's benefits offerings.
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Why it matters
The partnership focuses on deploying technology in Colorado to mitigate the growing threat of wildfires, which are increasing in frequency and size in the region. The products help address this challenge by providing productive uses for excess biomass, supporting local economies and jobs.
Charm Industrial is a company based in San Francisco with an R&D operation located in Colorado.
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Who's involved
- ColoradoState where the company conducts R&D and where the urgent wildfire risks are present.
- Charm IndustrialClimate technology company that develops products for wildfire risk mitigation.
- MetLifeAmerican insurance holding company purchasing products from Charm Industrial.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Charm IndustrialSpeculative
Charm Industrial could gain a new revenue stream and business validation through the purchases from MetLife.
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The entities involved
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Colorado
state of the United States of America
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Charm Industrial
Carbon removal company
Nothing else this week.
Related events
- Wildfire smoke is currently impacting air quality in Colorado and the Pacific Northwest.
- Wildfire smoke from Canada and Minnesota is spreading across states, affecting Colorado and the Great Lakes region.
- An organization, the Insurance Institute for Business & Home Safety, is testing homes against elements in Colorado and directs the state's Division of Fire Prevention.
- Major fires are currently affecting the state of Colorado, with a center based at Colorado State University discussing the associated health risks.
- Bills were introduced in Colorado on July 30th concerning wildfire mitigation and recovery efforts.