Hitachi Energy and Google Cloud Combine Energy and Digital Expertise to Advance Sustainability Initiatives

Author photo: Shin Kai
ByShin Kai
Category:
Acquisition or Partnership

Hitachi Energy 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. The first demonstration of the joint value of the Sustainability Initiativesrelationship, 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 organizations together will 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. 

Velocity Suite Power Prices, derived from Hitachi Energy’s Velocity Suite application, is a new 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. 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. 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.

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