From the course: Artificial Intelligence and Business Strategy: Case Studies

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How AI is advancing the power sector

How AI is advancing the power sector

- Without electricity, almost every important activity would come to a grinding halt. The goal of the entire power generation, transmission and distribution system is to provide more reliable power at lower prices. The challenge in doing so comes from the massive complexity and dynamism at every step of the giant power networks. Given climate concerns, increasing demand for renewable energy has become one more disruptor in this industry. AI technology is now becoming an important tool in these sectors' arsenal. Take power generation. Renewables, such as solar and wind, are becoming important sources of power. In order to ensure reliable supply, utilities need to predict how much output they can expect from the ease renewable sources. AI algorithms can combine enormous amounts of meteorological data with the capacity of the solar and wind farms to predict the likely output several hours in advance. AI is also helping…

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