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Baidu to Help Chinese Energy Giant’s Push for Digitalization

By Ding Yi / Mar 02, 2021 05:33 PM / Economy

Baidu will give a boost to state-owned power generator China Huaneng Group’s efforts to go digital, expanding the use of its advanced technologies to the energy sector.

The two companies have signed a memorandum of understanding that will see Huaneng use Baidu’s artificial intelligence-powered infrastructure to improve its operating efficiency and user experience, Baidu said in a statement published on Monday.

Digging a little deeper into the partnership, Baidu will provide its artificial intelligence, big data and cloud computing technologies to Huaneng for use in its planned smart sharing platform for financial services, according to the statement.

Additionally, Baidu will help Huaneng build a digital platform for free exchanges of energy data, a professional databank for the energy industry and a software-as-a-service system that allows data to be accessed from any device that is connected to the internet.

The tie-up with Huaneng adds to the growing number of agreements Baidu has with the country’s energy giants including the State Grid, the latter of which involves optimization of power production and distribution processes.

Hoping to break its addiction to online advertising, Baidu has doubled efforts in developing artificial intelligence, big data and cloud computing technologies, which it aims to adopt in various industries including smart transportation, finance and education.

Contact reporter Ding Yi (yiding@caixin.com)

Related: Mobike Co-Founder Hired to Lead Baidu-Geely Electric Car Firm


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