Early FireDetection Sensors

Wildfires destroyed over 4.3 million acres of land in California in 2020. The economic damage to the California wine industry alone was $3.7 billion, with losses from ruined or unharvested grapes estimated at $601 million

Insurance companies face increasing claims from wildfire damages, with total insured losses in the U.S. reaching $13 billion in 2020

While nearly 85% of all wildfires are started by humans, approximately 10% of wildfire ignitions are sparked by faults on electrical grid infrastructure or electric equipment failures. PG&E filed for bankruptcy in 2019 due to liabilities exceeding $30 billion from wildfire damages, reflecting the severe financial risks utilities face​

In 2021, wildfires threatened more than 10,000 communities across the United States, leading to the evacuation of tens of thousands of residents. The Camp Fire in 2018, which devastated the town of Paradise, California, was one of the deadliest and most destructive wildfires in the state's history, causing $16.5 billion in damages

The U.S. government spends an average of $2.4 billion annually on wildfire suppression and prevention efforts. These costs, combined with recovery and rebuilding efforts, can significantly strain public resources and budgets

Wildfires pose a significant threat to the hospitality industry, with fires in 2020 causing over $10 billion in direct damages to hotels, resorts, and tourist attractions