'Google To Begin Selling Maps Data To Companies Building Solar Products, Hopes To Generate $100M In First Year' - CNBC
Portfolio Pulse from Happy Mohamed
Google plans to sell new mapping APIs to companies building products around renewable energy, with the aim of generating up to $100 million in its first year. Potential customers include Zillow, Marriott, Tesla, PG&E, SunRun, and Aurora Solar. The data will come from Project Sunroof, a solar savings calculator launched in 2015. Google also plans to launch an Air Quality API. This move is part of Google's strategy to monetize its maps products and tap into the sustainability market.
August 28, 2023 | 8:35 pm
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POSITIVE IMPACT
Google's plan to sell mapping APIs to renewable energy companies could generate significant revenue, potentially boosting its stock.
Google's move to monetize its mapping APIs by selling them to renewable energy companies could generate significant revenue, which could positively impact its stock price. The company's focus on sustainability and newer technologies could also attract investors interested in ESG.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Marriott, as a potential customer of Google's new mapping APIs, could benefit from the energy and environmental data provided, potentially improving its hospitality services.
As a potential customer of Google's new mapping APIs, Marriott could gain access to valuable energy and environmental data. This could help the company improve its hospitality services, which could boost sales and positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
PG&E, as a potential customer of Google's new mapping APIs, could benefit from the energy and environmental data provided, potentially improving its utility services.
As a potential customer of Google's new mapping APIs, PG&E could gain access to valuable energy and environmental data. This could help the company improve its utility services, which could boost sales and positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Tesla, as a potential customer of Google's new mapping APIs, could benefit from the energy and environmental data provided, potentially improving its solar products.
As a potential customer of Google's new mapping APIs, Tesla could gain access to valuable energy and environmental data. This could help the company improve its solar products, which could boost sales and positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Zillow, as a potential customer of Google's new mapping APIs, could benefit from the energy and environmental data provided, potentially improving its real estate services.
As a potential customer of Google's new mapping APIs, Zillow could gain access to valuable energy and environmental data. This could help the company improve its real estate services, which could boost sales and positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60