Google Ventures into Renewable Energy Mapping, Targets $100M Revenue with New API Offerings
Portfolio Pulse from Anusuya Lahiri
Google, a subsidiary of Alphabet Inc, plans to license new sets of mapping data to companies to help build products around renewable energy, targeting a revenue of up to $100 million in its first year. The company plans to sell access to new APIs with solar and energy information and air quality. Potential customers include solar installers like Sunrun Inc and Tesla Inc's Tesla Energy, solar design companies like Aurora Solar Technologies Inc, real estate companies like Zillow Group, Inc and Redfin Corp, hospitality companies like Marriott International's Marriott Bonvoy, and utilities like Pacific Gas & Electric Co.
August 29, 2023 | 12:26 pm
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POSITIVE IMPACT
Aurora Solar Technologies Inc could potentially benefit from Google's new API offerings.
As a solar design company, Aurora Solar Technologies Inc could potentially benefit from Google's new API offerings, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Google's new venture into renewable energy mapping could potentially increase its revenue by up to $100 million in the first year.
The new venture could potentially increase Google's revenue by up to $100 million in the first year, which would positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Marriott International's Marriott Bonvoy could potentially benefit from Google's new API offerings.
As a hospitality company, Marriott International's Marriott Bonvoy could potentially benefit from Google's new API offerings, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Pacific Gas & Electric Co could potentially benefit from Google's new API offerings.
As a utility company, Pacific Gas & Electric Co could potentially benefit from Google's new API offerings, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Redfin Corp could potentially benefit from Google's new API offerings.
As a real estate company, Redfin Corp could potentially benefit from Google's new API offerings, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Sunrun Inc could potentially benefit from Google's new API offerings.
As a solar installer, Sunrun Inc could potentially benefit from Google's new API offerings, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Tesla Inc's Tesla Energy could potentially benefit from Google's new API offerings.
As a solar installer, Tesla Inc's Tesla Energy could potentially benefit from Google's new API offerings, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Zillow Group, Inc could potentially benefit from Google's new API offerings.
As a real estate company, Zillow Group, Inc could potentially benefit from Google's new API offerings, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60