Palantir Wins California Electric Grid Deal
January 20, 2021
Palantir
Technologies is providing California’s largest
investor-owned utility with technology to help it streamline
data management across the company to improve its electric
operations and asset management, resulting in enhanced
electric system safety and grid reliability.
Pacific Gas and Electric Company (PG&E) has initiated
deployment of Palantir’s Foundry software to provide a
single, integrated platform to give decision-makers a
real-time, complete operational picture.
The use of this novel technology, in its early stages of
deployment, has already enabled PG&E to make effective,
timely, data-driven decisions related to its Public Safety
Power Shutoff program and is intended to further inform its
wildfire risk mitigation programs and initiatives in the
future.
“Our
engagement with California’s largest investor-owned utility
underlines our commitment to increasing safety and
reliability for customers and communities across the
region,” said Olivier Farache, Palantir’s Head of Utility
Sector and Senior Advisor to the CEO. “It shows our Foundry
software can power data-driven decisions that aim to improve
service delivery.”
This multi-year, multi-million-dollar contract marks the
first time Palantir’s Foundry software is being used by a
major U.S. utility’s operations. In the future, plans for
Foundry include expanding to inform asset risk and outage
investigation, eventually bringing in data from all aspects
of the company’s operations to enable enterprise analytics
and process improvement.