Palantir (NYSE: PLTR) published a press release on Tuesday announcing a partnership with PG&E (NYSE: PCG) aimed at improving electric grid reliability and safety. PG&E has already started using Palantir's Foundry data-analytics software to help improve its electric operations and asset management.
The energy company is California's largest public utilities provider and has been struggling to adequately assess and improve critical infrastructure under difficult conditions. Palantir's software could play an important role in accelerating crucial energy service delivery and safety initiatives. Palantir stock is up roughly 2% on the day as of this writing.
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Palantir Partners with PG&E to Improve California's Electrical Grid