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Home ⊙ NEWS ⊙ Building partnerships to accelerate the energy transition
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Building partnerships to accelerate the energy transition

From:ControlEngineering.com | author:Mr.Chen | Time :2024-08-19 | 114 view: | Share:

Partnership's First Solution Provides Comprehensive Energy Planning and Trading Data

Advanced Data Analytics and Generative AI Provide Faster, More Comprehensive View of Energy Information

Hitachi Energy, a global technology leader driving a sustainable energy future for all, has signed a strategic agreement with Google Cloud to collaborate and co-create a variety of cloud software products and services designed to support the global energy transition. Demonstrating the mutual value of both parties for the first time, Hitachi Energy's Velocity Suite Power Prices are now available on the Google Cloud Marketplace.

The launch of Velocity Suite Power Prices marks the first milestone in the partnership between Google Cloud and Hitachi Energy and signals how the two organizations will work together to meet the growing market and customer demand for cloud-based solutions that drive the energy transition. Global developers and operators of renewable power generation and battery energy storage systems (BESS), as well as traditional generators, traders and energy market participants, can use data from Velocity Suite Power Prices to make better, faster decisions about energy projects and investments in North America.

Velocity Suite Power Prices, derived from Hitachi's energy industry-leading Velocity Suite of applications, is a new API-based application that provides global customers with easy access to North American energy market intelligence. It informs, guides and accelerates the planning and revenue analysis of transformative grid and renewable energy projects.The computing power of Google Cloud technology helps automate and integrate the extensive data sets of Velocity Suite Power Prices.

Google Cloud and Hitachi Energy will continue to work together to meet the growing market and customer demand for cloud-based energy transformation solutions. The partnership will leverage Hitachi Energy's Energy Portfolio Management (EPM) solutions combined with Google Cloud's data analytics capabilities, Artificial Intelligence (AI)/Machine Learning (ML) services, and scalable and secure infrastructure to develop and deploy new and innovative solutions for electric utilities and renewable energy producers. The continued availability of Hitachi Energy's solutions in the Google Cloud Marketplace is driven by the energy industry's shared goal of driving outcomes that increase revenue, capitalize on market opportunities, and reduce cost and risk.

“Data and analytics are at the heart of energy transformation and play a key role in the evolving grid,” said Massimo Danieli, Managing Director, Grid Automation, Hitachi Energy. “Our customers around the world are demanding solutions that help them achieve their sustainability goals and business outcomes quickly and at scale. Delivering Velocity Suite Power Price through our partnership with Google Cloud helps customers around the world accelerate decision-making, optimize investments and digitally transform their own businesses.

By offering the Velocity Suite Power Price on Google Cloud, Hitachi Energy is enabling customers to deploy their platforms on trusted, sustainable infrastructure and helping them on their journey to better utilize the vast amounts of data available to them to become more profitable and sustainable businesses,” said Roi Tavor, managing director, Google Cloud. sustainable businesses. Sustainability is a driving factor behind the digital transformation of many organizations, and we are proud to partner with Hitachi Energy to help businesses around the world operate responsibly and sustainably.


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