Hitachi Energy and Google Cloud Collaborate to Drive Energy Transition
Hitachi Energy and Google Cloud have formed a strategic partnership to support the global energy transition. The collaboration aims to co-create cloud software products and services that advance sustainability initiatives. The first product from this partnership, Hitachi Energy's Velocity Suite Power Prices, is now available on the Google Cloud Marketplace. This application provides global customers with access to North American energy market intelligence, enabling better decision-making for energy projects and investments. The partnership will continue to develop innovative solutions for electric utilities and renewable energy producers, leveraging Hitachi Energy's Energy Portfolio Management solutions and Google Cloud's data analytics capabilities and infrastructure. The goal is to drive revenue growth, capitalize on market opportunities, and reduce costs and risks in the energy industry. This collaboration reflects the importance of data and analytics in the energy transition and supports customers in achieving their sustainability goals.
Implications of Hitachi Energy and Google Cloud Collaboration for New Businesses
The strategic partnership between Hitachi Energy and Google Cloud to support the global energy transition presents both opportunities and challenges for new businesses. This collaboration, which aims to co-create cloud software products and services to advance sustainability initiatives, underscores the increasing importance of data analytics in driving the energy transition.
For new businesses, especially those in the energy sector, this partnership can provide valuable insights and tools. The first product from this collaboration, Hitachi Energy's Velocity Suite Power Prices, offers access to North American energy market intelligence, which can inform decision-making for energy projects and investments.
However, the partnership also raises the bar for innovation. New businesses will need to keep pace with the advanced solutions being developed by these industry giants. This includes leveraging data analytics capabilities and infrastructure to drive revenue growth, capitalize on market opportunities, and reduce costs and risks.
In essence, this collaboration sets a new standard in the energy industry. It emphasizes the critical role of digital transformation in achieving sustainability goals and underscores the need for new businesses to integrate advanced data analytics into their operations and strategies.