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AI is fundamental to the integration of renewable energy, the stabilization of energy networks, and the reduction of financial risks associated with instability in the infrastructure.įor instance, the self-learning, adaptability, and calculation capabilities of AI have significant potential to address the intermittent nature of renewable energy. Customer choice: More energy suppliers, cooperatives, and micro-generators can join the grid, allowing consumers to have more choice in how they receive energy.Īpplications of AI in smart energy solutions: The utilities sector perspectiveĪrtificial Intelligence is the driving “intelligent agent” behind smart grids – evaluating the environment and taking actions to maximize a given goal.Self-repair and predictive maintenance: Sensors can also be used to detect mechanical problems and do simple troubleshooting and repairs, notifying technicians only when necessary – before anything actually breaks down.Sensors: IoT sensors across the network can help detect risk early on, redistributing power to decrease outages and help balance loads without direct intervention by operators.Generation: Predictive analytics in smart systems means that high-demand strains can be forecasted and distributed to multiple plants and substations.Smart grid technologies help to coordinate, store, and distribute power from such sources into a steady and reliable stream. Distribution: Energy generated by prosumers and other renewable energy sources – such as solar or wind – can be intermittent and uneven.Technology: AI, cloud, and digital technologies allow all the devices and assets within the grid to communicate, supporting better control and self-regulation.Some of the top features that differentiate smart grids include: The main difference between traditional systems and smart grids lies in the ability to exchange information in both directions across the network, from utility companies to consumers and vice versa. What is the difference between the traditional grid and a smart grid? And it also allows consumers to benefit from the stories all that data is telling – helping them to better understand the energy they use and even the energy they produce and store through things like solar panels and EV batteries. This enables utility companies to optimize the generation, transmission, and distribution of electricity. What is a smart grid?Ī smart grid is a network that integrates energy distribution and digital communication technology in a two-way flow of electricity and data. This model may be applied to both residential and commercial prosumers, with a growing number of businesses plugging their solar panels and EV fleets into the grid. However, they are also capable of producing and even storing energy – typically with photovoltaic solar panels and EV batteries.ĭepending on the amount of power generated, this energy can either be used to offset monthly bills or be sold back as surplus to utilities companies or other energy distribution services. Prosumer is a portmanteau word combining “producer” and “consumer.” Energy prosumers typically remain connected to the central grid. These technologies herald significant opportunity for those in the complex energy ecosystem that are able to harness them. Cloud-connected artificial intelligence (AI) technologies like machine learning, data analytics, and the Internet of Things (IoT) are driving the advancement of smart grids capable of managing far more complex power generation and distribution. The “who” is also shifting, with energy now produced not only by the major energy companies, but also by a plethora of new competitors and prosumers (consumers who produce energy).Īnd not only is the natural world changing fast, but the technological world is advancing at a gallop as well. This shift requires new processes and ways of managing. The way that energy is produced is rapidly changing – more wind and solar, less coal and fossil fuel. At the same time, a number of other factors are also putting pressure on century-old grids. Today, aging grid infrastructure is taking a beating from severe weather events around the world, resulting in power outages that threaten health, safety, and economic activity. Like oxygen, the power grid is essential to modern life but is not always top of mind – until problems occur. Governance, Risk, Compliance (GRC), and CybersecurityĮngineering, Construction, and Operations Accounts Receivable, Billing and Revenue Management