Palantir and Kinder Morgan Sign Agreement to Strengthen Pipeline Operations
Palantir Technologies Inc., a builder of operating systems for the modern enterprise, and Kinder Morgan, Inc., one of the largest energy infrastructure companies in North America, 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 United States- 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, optimization, and maintenance scheduling.
“Safety, reliability and affordability are critical to the nation’s energy infrastructure. Utilizing 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 analyze 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 United States and abroad.
Related News
Related News
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- 208-Mile Mississippi-to-Alabama Gas Pipeline Moves Into FERC Review
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Comments