Google is set to license its mapping data to companies in the renewable energy industry, targeting a revenue generation of up to $100 million in the first year in an attempt to diversify its revenue streams.
that in a strategic move to diversify its revenue streams, Google is set to license its mapping data to companies in the renewable energy industry, targeting a revenue generation of up to $100 million in the first year.Google plans to offer specialized Application Programming Interfaces that will provide solar, energy, and air quality information.
Google is not just limiting its focus to energy companies. The tech giant also sees potential customer bases in real estate firms like Zillow and Redfin, as well as hospitality companies like Marriott Bonvoy. The Solar API could offer valuable insights into the energy efficiency of buildings, thereby influencing property valuations and guest experiences.
In addition to the Solar API, Google is also planning to launch an Air Quality API. This new offering will allow customers to request air quality data, including pollutants and health-based recommendations for specific locations. It will also feature digital heat maps and provide hourly air quality information, as well as historical data for up to 30 days.
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