Aadit Mehrotra’s Post

#Artificialintelligence is forecast to drive a big increase in electricity demand. In a new whitepaper, Ninety One's Deirdre Cooper, Head of Sustainable Equity, and Graeme Baker, Co-Portfolio Manager, Global Environment, discuss how as a consequence, the markets for clean energy and energy-efficiency solutions could become multiple times their current sizes. Deirdre Cooper: “While #AI could be powered by dirty #energy in the short term, over the medium term AI power demand is likely to be met by renewables. This is partly because #renewables continue to be the most economic option for new power generation, and most of the assets in the transmission queue are renewables, which is the critical bottleneck. In addition, the biggest investors in AI have been companies with strong commitments to net zero. Newsroom: https://nty.one/3MOckRO Whitepaper: https://nty.one/4d9BPYG #AI #artificialintelligence #power #electricity #datacentres #energy #cleanenergy #sustainability #netzero #sustainableinvesting #climateinvesting #climatefinance #renewableenergy #renewable

How can AI help power energy systems in an age of renewables? Energy system operators are using AI to enhance demand forecasting to address the unpredictability of matching supply and demand in renewable energy. As a result, the energy sector is witnessing a growing market for AI solutions, with an estimated value of up to US$ 13 billion. "We will need to have precise prediction but at the same time, we need to have orchestration between all of the different elements at play," Sherif El-Meshad, digital lead at ABB Electrification, is quoted as saying. https://lnkd.in/euNi3BdN #GridBetter, #sustainability #renewableenergy #energy #artificialintelligence #ai

How AI can help power energy systems in an age of renewables The increasing adoption of renewables is undoubtedly beneficial for the environment, but the intermittent nature of wind and solar power poses challenges for energy system operators. To address this, vast amounts of real-time sensor data are being collected from homes, enhancing forecasting accuracy. However, harnessing the full potential of this data requires the application of artificial intelligence (AI) to identify patterns, mitigate grid failures, and optimize energy redistribution for maximum efficiency. https://lnkd.in/dZsGc9_5

AI's Role in Powering Renewable Energy Systems Summary: The article discusses how Artificial Intelligence (AI) is becoming pivotal in managing the complexities of energy systems, especially with the increasing adoption of renewable sources like wind and solar power. Key insights include: Challenges with Renewables: The intermittent nature of wind and solar energy complicates grid operations, making the task of matching supply with demand more complex. AI in Demand Forecasting: AI is utilized to analyze real-time sensor data from homes, enabling better energy demand forecasting. Traditional methods were limited in handling large datasets and diverse parameters, whereas AI enhances efficiency in grid management and energy redistribution. Diverse Applications: Consulting firm Indigo Advisory identifies over 50 potential AI applications in the energy sector, with a market valuation up to $13 billion. These applications range from site selection for renewable energy installations to automated energy market trading. Mini-Grids Management: AI is particularly useful in managing mini-grids, small-scale electricity networks often powered by solar energy and used in rural areas. For example, Husk Power Systems uses AI to predict supply and demand, optimizing energy delivery and reducing costs. Predictive Maintenance: AI is also employed in predictive maintenance of energy infrastructure, reducing unnecessary repairs and extending equipment life. Companies like Odysight.ai are developing sensor-based AI technologies for this purpose. Adoption and Caution: While AI offers substantial benefits, caution is advised. The energy sector's stability requires thorough validation of AI technologies before widespread deployment. There's a need for quality data and integration with existing infrastructure. Regulation and Data Security: Effective regulation and data security are crucial. AI's success in the energy sector depends on standardized data collection and sharing, ensuring user privacy and security. This growing reliance on AI reflects the evolving landscape of the energy sector, where technological innovation is key to managing the increasing complexity and demands of renewable energy sources. #AIinEnergy #RenewableEnergy #GridManagement #PredictiveMaintenance #DataSecurity #EnergySectorInnovation #SustainableTechnology #EnergyDemandForecasting #MiniGrids #TechRegulation

As AI technology surges ahead, the demand for renewable energy infrastructure is skyrocketing. According to the International Energy Agency, by 2026, electricity demand from AI data centers is projected to increase over 10x from 2023 levels. This growth may present a compelling opportunity for investors to potentially capitalize on power production. Dive into our latest blog for more: https://lnkd.in/gUAujzkX

With the growth of #wind energy's, so to grows the need for maximizing productivity through data analysis and maintenance optimization. VP of Technology & Strategy for SparkCognition, Sandeep Gupta outlines challenges faced in the #WindEnergy industry, such as disparate data sources and manual workflows, and proposes a #renewables-specific AI platform for efficient management. This platform integrates customizable dashboards, automates industry standard KPIs, and facilitates proactive issue detection, aiding in reducing maintenance costs. It also improves energy production forecasting and enhances planning decisions, resulting in increased revenue and improved ROI for renewable energy companies. Ultimately, the AI-enabled platform democratizes data access, ensures optimal asset operation, and drives down the cost of #RenewableEnergy, contributing to the transition towards #GreenEnergy.

How can AI help power energy systems in an age of renewables? Energy system operators are using AI to enhance demand forecasting to address the unpredictability of matching supply and demand in renewable energy. As a result, the energy sector is witnessing a growing market for AI solutions, with an estimated value of up to US$ 13 billion. "We will need to have precise prediction but at the same time, we need to have orchestration between all of the different elements at play," Sherif El-Meshad, digital lead at ABB Electrification, is quoted as saying. https://lnkd.in/gvj-zAQG #GridBetter, #sustainability #renewableenergy #energy #artificialintelligence #ai Sherif El-Meshad

🌟 The Financial Times recently published an article highlighting our energy sector's reliance on fossil fuels 📰⚡ It's eye-opening and I recently made an article on our site that summarizes the key talking points. Despite the growth of renewables, fossil fuels still powered a significant 61% of US electricity in 2021, leaving us vulnerable to outages. 🕯️ This dependence on fossil fuels exposes us to substantial risks, as exemplified when a California utility had to shut down a gas plant, leaving millions without electricity for an extended period. 🕯️ 🚀 But there's a game-changing solution inspired by this issue - our Navigator AI Optimizer! 🤖 🧠 Developed by AI Energy Technologies, Navigator is a sophisticated software leveraging artificial intelligence to optimize the operations of power plants. It not only enhances electricity generation but also achieves substantial reductions in emissions, all while delivering significant cost savings. 💰 💡 But how does this innovative technology operate? Navigator meticulously analyzes thousands of data signals in real-time, offering precise recommendations to plant operators for the optimization of energy production💬 🧠 Developed by AI Energy Technologies, Navigator is a sophisticated software leveraging artificial intelligence to optimize the operations of fossil fuel plants. It not only enhances electricity generation but also achieves substantial reductions in emissions, all while delivering significant cost savings. 💰 💡 But how does this innovative technology operate, you might inquire? Navigator meticulously analyzes thousands of data signals in real-time, offering precise recommendations to plant operators for the optimization of energy production. It's akin to having an AI genius in your employ! 💬 Even a modest 1-3% efficiency gain matters. US coal and combined cycle plants emit 1.57 billion tons of CO2 annually. A 3% efficiency boost cuts emissions by 47 million tons, equivalent to converting 10.9 million homes to solar energy! ☀️🏠 Navigator requires no upfront hardware investment, deploys swiftly as a cloud-based solution, and stabilizes the power grid while minimizing emissions. 🌐💡 Read the article? 📖 Don't miss the accompanying video for a deeper dive into this revolutionary tech! 📽️💡 Check out the link to our article and watch the video we created. Share your thoughts below! 👇🗣️ #aienergytechnologies #climateaction https://lnkd.in/gFzJjseG

Exowatt: Revolutionizing Data Center Energy Storage Exciting news in the energy sector! 🌞⚡ Funding Boost: OpenAI's Sam Altman and a16z invest $20 million in Exowatt, a data center-focused modular energy company. 💰🔋 Solar Storage Innovation: Unlike traditional solar panels, Exowatt stores solar energy in a thermal battery, claiming up to 24-hour retention at a fraction of the cost of electrochemical batteries. ☀️🔋💲 Rapid Deployment: Exowatt's modular system promises rapid and cost-effective deployment, addressing the escalating energy demands of modern AI-driven infrastructure. 🚀💻 Growing Demand: With a backlog of 500MW for US data centers, Exowatt plans to kick off deployments this year, aiming to meet the surging energy needs of AI advancements sustainably. 💡🌱 Innovative Leadership: Founded by Atomic's Jack Abraham and industry veteran Hannan Parvizian, Exowatt is poised to transform energy storage solutions for the future. 👨💼💡 #RenewableEnergy #DataCenter #Innovation #Energy #EnergyTransition #Demandresponse #ESS #PV #Gridedge #EnergyManagment #ClimateAction #CarbonReduction #SustainabilityGoals #DrAlaaInsights #cleanenergy #electrification 🌍🔌

Join the discussion: Will AI be a game-changer in the energy transition? 🌐 Learn more about how AI impacts emissions and streamlines processes at: https://okt.to/567wcV #AI #EnergyTransition #Renewables