Following an investment of £1.5 million in UK Space Agency funding, six innovative projects will use satellite technology and AI to transform how Britain tackles climate change, manages transport networks and supports accessible travel.

Delivered through the Unlocking Space for Business programme, the projects demonstrate how satellite data combined with artificial intelligence can deliver practical, scalable solutions to real-world challenges.

It is hoped the projects will help financial services and transport businesses accelerate the deployment of innovations that reduce carbon emissions, support the transition to net zero, and boost accessibility.

Ether Capital will develop a real-time carbon risk dashboard for the shipping industry. By integrating satellite tracking data with advanced AI, the platform will provide immediate insights into vessel emissions, helping maritime finance institutions, insurers, and operators comply with tightening international regulations.

Meanwhile, Furrer+Frey will create a satellite-powered tool that identifies railway assets and produces optimised electrification designs. This innovation will cut planning times, reduce project costs, and lower carbon emissions, enabling faster delivery of green rail infrastructure across the UK.

DSIT Minister Ian Murray said: "These innovative projects showcase the transformative power of Britain’s space sector. From reducing emissions to making our streets more accessible, we’re backing the satellite technology and AI solutions that really make a difference to people’s lives."

Dr Craig Brown, Investment Director at the UK Space Agency said: "These projects show how the UK’s space sector is delivering real-world impact, using satellite data and AI to tackle climate change, decarbonise transport, and improve accessibility. By supporting innovation in sectors that haven’t traditionally used space technology, we’re unlocking new economic opportunities and helping to build a more sustainable, inclusive future."