Palantir wins multi-million contract from PG&E for foundry analytics platform

(PageOne)– Palantir Technologies (NYSE:PLTR) 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.


Leave a Reply

Your email address will not be published. Required fields are marked *