Palantir Technologies Inc., a leading builder of operating systems for the modern enterprise, and Kinder Morgan, Inc., one of the largest energy infrastructure companies in North America, have announced a multi-year partnership to deploy Palantir’s data integration software platform, Foundry, in Kinder Morgan’s storage operations to drive efficiency and safety.
Kinder Morgan will deploy Foundry to optimize its US- based gas storage operations. Operators and decision makers will be provided with a common operating picture of the company’s infrastructure, connecting transactional systems data streams, analysis, and operations over supply, grid integrity, customers, and pricing. With real-time access to this information, Foundry will enable Kinder Morgan to make data-driven decisions on gas storage, optimisation, and maintenance scheduling.
“Safety, reliability and affordability are critical to the nation’s energy infrastructure. Utilising Foundry will strengthen Kinder Morgan’s ability to maintain its lead in those fields,” said Shyam Sankar, Palantir’s Chief Operating Officer. “Energy companies like Kinder Morgan have vast amounts of data from disparate sources that rarely interact, and we believe Foundry is the best tool on the market to solve this complex problem.”
Palantir Foundry is a vertically integrated software platform that bridges the full spectrum of data operations- from ingestion and integration, to transformation, to reporting and the development of operational workflows and tooling through a rapid application development environment. Kinder Morgan will use Foundry to analyse millions of data points from sensors across its entire pipeline network, contracts and storage assets, electricity consumption and weather data, grid data and commodities data to provide it with an overview of business operations.
“Palantir’s Foundry was particularly useful at delivering us results on critical and complex challenges quickly,” said Mark Huse, Kinder Morgan’s CIO. “In our business we put a premium on doing things safely, to be able to also move at such speed is extremely valuable.”
Palantir has a long history of working with the industrial, infrastructure and energy sector in the US and abroad.
Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.
The November issue features two reports on the Mediterranean midstream oil and gas industry, explaining why there is cause for cautious optimism in the region going forward. Other technical articles cover topics including flow control technologies, construction challenges on the Gas Interconnector Greece-Bulgaria (ICGB) project, and pipeline surveillance.
Read the article online at: https://www.worldpipelines.com/business-news/03122021/palantir-and-kinder-morgan-sign-multi-year-agreement-to-strengthen-pipeline-operations/
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