Wells Fargo, Lockheed Martin, PG&E Corporation, and Salesforce announced the creation of EMBERPOINT LLC on January 26, 2026. The joint venture is designed to combine artificial‑intelligence, autonomous‑systems, and command‑and‑control technology to detect, predict, and suppress catastrophic wildfires across the United States.
The partnership leverages Lockheed Martin’s advanced fire‑prediction algorithms, PG E’s on‑the‑ground wildfire‑mitigation expertise, Salesforce’s data‑integration platform, and Wells Fargo’s capital. Together, the firms aim to deliver a cloud‑based, real‑time wildfire‑response suite that can be deployed by state agencies, utilities, and first‑responder teams.
Financially, the partners have committed more than $100 million to the venture, with Wells Fargo’s share of the investment remaining undisclosed. Demonstrations of the integrated system are slated for later in 2026, with a full commercial rollout expected in 2027. PG E’s contribution is subject to approval by the California Public Utilities Commission, a regulatory hurdle that the partners anticipate clearing within the next 12 months.
For Wells Fargo, the venture signals a strategic pivot toward ESG‑aligned, technology‑driven public‑sector solutions. By moving beyond traditional banking, the bank positions itself as a catalyst for climate resilience, potentially opening new revenue streams from government contracts and utility partnerships. Lockheed Martin and Salesforce benefit from cross‑industry collaboration that expands the market for their defense and cloud platforms, while PG E gains a scalable tool to support its ongoing wildfire‑mitigation initiatives.
The launch comes amid a growing national focus on wildfire preparedness, as climate change has intensified fire frequency and severity. The joint venture’s cost‑sharing model allows agencies to access cutting‑edge technology without bearing the full development cost, potentially accelerating adoption across high‑risk regions. The partnership also underscores a broader trend of financial institutions investing in climate‑risk mitigation, reflecting investor and regulatory pressure to address environmental risks.
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