KUALA LUMPUR, Aug 25 (Bernama) -- Hitachi Energy, a global technology leader advancing a sustainable energy future for all, and Google Cloud have signed a strategic agreement to collaborate and co-create on multiple cloud software products and services designed to support the global energy transition.
According to a statement, the first demonstration of the joint value of the relationship, Hitachi Energy’s Velocity Suite Power Prices, is now available on the Google Cloud Marketplace.
The launch of Velocity Suite Power Prices marks the first milestone in the Google Cloud and Hitachi Energy collaboration and signals how the organisations together will address growing market and customer needs for cloud-based solutions that drive the energy transition.
“Delivering Velocity Suite Power Prices through our partnership with Google Cloud helps global customers accelerate decision making, optimise investments and digitally transform their own businesses,” said Hitachi Energy Grid Automation Managing Director, Massimo Danieli.
Meanwhile, Google Cloud Managing Director, Roi Tavor said by delivering Velocity Suite Power Prices on Google Cloud, Hitachi Energy is enabling customers to deploy its platform on trusted, sustainable infrastructure and helping them better utilise massive amounts of data to become more profitable and sustainable businesses.
The collaboration will draw on 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, innovative solutions for electric utilities and renewable energy producers.
Velocity Suite Power Prices, derived from Hitachi Energy’s industry-leading Velocity Suite application, is a new application programming interface (API)-based application that gives global customers easy access to North American energy market intelligence.
It informs, guides and accelerates planning and revenue analyses for transformative grid and renewable energy projects, while the computing power of Google Cloud technology is instrumental in automating and consolidating the extensive dataset of Velocity Suite Power Prices.
Google Cloud and Hitachi Energy will continue to work together to address growing market and customer needs for cloud-based solutions for the energy transition, driven by a common goal in the energy industry to drive outcomes that increase revenue, capitalise on market opportunities, and reduce costs and risk.
-- BERNAMA
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