Tag: artificial intelligence

Technology trends in forecasting renewable energy generation

Renewable energy forecasting is critical for integrating variable renewa­b­le energy resources like wind and so­lar power into the grid. Wind and solar power are heavily dependent on weather conditions, and thus their energy generation pa­tt­erns are quite erratic. This creates problems not only for grid operators who must account for these frequent fluctuations in their load management schedul­es, but also for power generators who ha­ve to pay hefty charges for deviation from scheduled energy generation.

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Automation Era: Digital solutions set to transform the wind sector

Digitalisation presents several advantages to wind energy systems in terms of improved safety, greater reliability and accuracy in data collection, spee­dy dissemination of data, lower operatio­nal cos­ts and greater flexibility in undertaking ma­in­tenance activities. The development of digital technologies for operation and ma­in­tenance (O&M) has given rise to new business models in the energy sector due to redu­ced dependence on hu­man interventions.

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Application of AI in wind power projects

A high degree of coordination and flexibility is required between the different systems in the power sector value chain as well as in the O&M of individual wind power generation assets. Artificial intelligence (AI) has emerged as a key enabler in this respect, offering a host of benefits from efficient integration of in­termittent wind power into the grid, to enabling automation of various construction and O&M activities, to better grid ma­na­gement.

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How AI’s full power can accelerate the fight against climate change

AI has the potential to become the ‘Swiss Army knife’ in our fight against climate change. AI can measure and reduce emissions at scale for any given institution; enable innovative business models to help the climate; improve resilience of societies to climate hazards. It is down to global business leaders to effectively leverage AI’s strengths and utilise them to tackle the most complex challenges obstructing the reduction of emissions at scale.

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If tech powers the future, who powers the tech?

For the power and utilities (P&U) sector, the long-imagined future of energy is becoming the present: governments are aggressively planning to decarbonize, the prices of renewables and electric vehicles (EVs) are falling, and both customer and investor expectations are becoming more aligned with sustainability. EV adoption will soar, creating a vast replacement market, new fuel opportunities and a new ecosystem tapping into new value pools, but the market is highly competitive.

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Why artificial intelligence is a game-changer for renewable energy

AI is revolutionizing the renewables industry, with improved demand forecasting, superior asset management, and operational excellence through automation. As the low-carbon transition gains pace, AI’s ability to seamlessly integrate an enormous increase of intermittent renewable energy will be needed to ensure a stable and reliable grid.

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