Nearline Storage- An archiving service from Google Cloud
Nearline is like Amazon Glacier archiving and storage service.It is cheap,faster recovery and on-demand I/O service with large amounts of data.
Google also launched Cloud Storage Transfer Service(earlier Online Cloud Import)offers 100 PB of free storage in Nearline for up to six months for customers
who switch from any other cloud provider or on-premises environments to Google Cloud Storage.
Both Nearline and Glacier charge same amount (penny/GB) for a month to store data, but recovery times in seconds compares hours in Glacier.
Read more about Nearline