Santee Cooper and Google Partner for AI-Driven Forecasting Processes
South Carolina-based public electric and water utility Santee Cooper has joined forces with Google to modernize financial planning and load forecasting.
South Carolina's public electric and water provider Santee Cooper has announced a partnership with Google to modernize its financial planning and load forecasting processes using artificial intelligence tools.
AI-Powered Modernization
South Carolina-based public electric and water utility Santee Cooper has announced that it has begun working with Google to modernize its financial planning and load forecasting processes using artificial intelligence tools.
A New Era in Financial Planning
The state-owned public utility aims to utilize artificial intelligence technologies to perform more precise weather, load, and financial planning. CFO Tami Wilson shared the details of this strategic shift in a statement to reporters.
Santee Cooper is using Google Cloud's Gemini Enterprise Agent Platform system to create rapid, scenario-based financial plans that directly contribute to calculations for major projects.
Weather Forecasting and WeatherNext 2
Developed by Google, WeatherNext 2 aims to increase the utility's load forecasting capacity by delivering more accurate medium-range weather forecasts.
Wilson particularly emphasized that the utility is undergoing a major digital transformation process, moving away from legacy systems.
Autonomous Processes and Savings Goals
While leveraging generative AI to generate low-cost initial drafts, the utility is deploying agent-based AI solutions to autonomously execute multi-step processes.
WeatherNext 2 provides probabilistic forecasts for up to fifteen days, improving the prediction of unique local weather conditions and saving the utility millions of dollars each year.
Internal Licenses and Training
The company is deploying hundreds of Gemini Enterprise licenses across the organization to modernize workflows. During this process, care is also taken to provide necessary training for the secure processing of confidential data.