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Stock impact report

Josh Reidy Builds Thread To Modernize The Power Grid [Forbes]

Otter Tail Corporation (OTTR) 
Last otter tail corporation earnings: 2/17 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: otpco.com/about-us/investor-information
Company Research Source: Forbes
Reidy, the co-founder and CEO of Thread, an asset management platform for the power and utility industries. Reidy's grandfather founded an electric utility cooperative in the sparsely populated, unforgiving terrain and weather of North Dakota where an ice storm could take out 95% of the utility polls in a service region, leaving people without power for weeks and sometimes longer. “I was raised with a man who was the second closest in my life, next to my father, who had this great passion about him to improve the world,” says Reidy in an interview. Reidy himself hopes to improve the world with Thread by addressing the challenges of our aging energy infrastructure and climate change. Nearly three quarters of transmission lines are over 25 years old and approaching the end of their typical 50–80-year lifecycle, according to data from the Department of Energy. Reidy believes Thread will help power companies prioritize their maintenance work on the old grid while introducing renew Show less Read more
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