CNBC's Jennifer Elias is reporting that Google to begin selling maps data to companies building solar products, hopes to generate $100 million in first year.
Google plans to sell access to new sets of mapping data to various companies involved in renewable energy products, with the goal of generating up to $100 million in revenue in the first year.
The company intends to provide APIs containing solar and energy information, as well as air quality data. These APIs will be useful for solar installers, energy design firms, real estate companies, hospitality businesses, and utilities. The Solar API will include data from Project Sunroof, a solar savings calculator launched in 2015, and will offer building-specific and aggregated data for cities or counties. Google also intends to introduce an Air Quality API for requesting air quality data and historical information for specific locations.
The revenue from these APIs is projected to be between $90 and $100 million in the first year. This move is part of Google's efforts to monetize its mapping products and capitalize on the growing market for renewable energy solutions.
(This article was written with assitance from ChatGPT)