Name
AI Won't Run the Future Power Grid, But It Could Be Its Boss
Track
AI & Digitization Track
Date & Time
Thursday, October 3, 2024, 9:15 AM - 10:00 AM
Nikki Chandler Chandler Amanda Ahl
Description

Artificial intelligence (AI) is revolutionizing industries, including electric utilities. In 2023, BloombergNEF tracked a record-breaking number of 91 AI activities in the global power sector, doubling the number of such activities in 2022. In this session we'll discuss which utilities are applying AI models and what they’re using it for, providing specific examples of utility tools and innovative startups. with applications ranging from power system operations and maintenance to grid planning and cybersecurity. Attendees will hear about the role of advanced AI applications, like generative AI and deep learning, and how they play into the power sector. They’ll learn that the focus of AI applications in the power sector has shifted from generation to the downstream power value chain, in support of increasingly complex grids, distributed energy resource integration and retail programs. Lastly, this talk will also explore what’s next, describing potential growth areas for AI applications, including deep learning algorithms and generative AI.