The Deep Space Climate Observatory, or DSCOVR, spacecraft will orbit between Earth and the sun, observing and providing advanced warning of extreme emissions of particles and magnetic fields from the sun known as Coronal Mass Ejections or CMEs which can affect power grids, communications systems, and satellites close to Earth. DSCOVR will also observe our planet and provide measurements of the radiation reflected and emitted by Earth and multi-spectral images of the sunlit side of Earth for science applications.
DSCOVR's orbit will be at what is called the L1 point in space. L1 means the Lagrange point 1 which is approximately one million miles from Earth. Once launched, it will take approximately 110 days to arrive at its orbit.
At L1, the gravitational forces between the sun and Earth balance the centrifugal forces of a satellite to provide a quasi-stable orbit point requiring fewer orbital corrections (and therefore reducing fuel consumption) for the spacecraft to remain in its operational location for a longer period of time. Placing DSCOVR in orbit around the L1 point provides definite advantages, including the quality of the solar wind observations.
The L1 position will provide DSCOVR with a point of "early warning" when a surge of particles and magnetic field from the sun will hit Earth, if they have characteristics that will cause a geomagnetic storm for Earth. Unlike other satellite orbits that circle around Earth, spacecraft at L1 can always stay on the sunward side of our planet making it an ideal location for monitoring incoming solar wind. The amount of early warning ranges from approximately 45 to 30 minutes depending on the speed of the coronal ejected particles, but nonetheless, a sufficient amount of time for spacecraft and power grid operators to take appropriate actions to protect the systems from catastrophic failure