Hitachi Energy and Google Cloud partner on AI data analytics

Hitachi Energy and Google Cloud partner on AI data analytics
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Tech developer Hitachi Energy and Google Cloud have signed a strategic agreement to collaborate and co-create cloud software products and services, making use of advanced data analytics and generative AI for a faster, more complete view of energy information.

Through their combined acumen, the two will develop and deploy new solutions for electric utilities and renewable energy producers.

Namely, 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, as well as scalable and secure infrastructure.

“Data and analytics are at the centre of the energy transition and play a critical role in the evolving grid,” said Massimo Danieli, managing director of grid automation for Hitachi Energy. “Our customers worldwide have asked for solutions that help them achieve sustainability goals and business outcomes at speed and scale.”

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A first demonstration

The first demonstration of the collaboration is that of Hitachi Energy’s Velocity Suite Power Prices, which delivers sub-hourly energy pricing data for users.

The product’s launch marks the first milestone in the collaboration and, states Hitachi Energy, signals the partners’ aim to address growing market and customer needs for cloud-based solutions that drive the energy transition.

Global developers, operators of renewable generation and battery energy storage systems (BESS), as well as traditional generators, traders and energy market participants can use the data from Velocity Suite Power Prices to make “better, faster decisions about energy projects and investments in North America,” states Hitachi Energy in a press release.

Added Danieli: “Delivering Velocity Suite Power Prices through our partnership with Google Cloud helps global customers accelerate decision making, optimize investments, and digitally transform their own businesses.”

According to Hitachi Energy, Velocity Suite Power Prices informs and accelerates planning and revenue analyses for transformative grid and renewable energy projects.

The computing power of Google Cloud technology, adds the company, is instrumental in automating and consolidating the suite’s dataset.

“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 on their journeys to become more profitable and sustainable businesses,” said Roi Tavor, managing director at Google Cloud.

“Sustainability is a driving factor behind many organisations’ digital transformations, and we’re proud to partner with Hitachi Energy to help global businesses operate responsibly and sustainably.”