AI and the Electric Grid: Friends or Foes?

Source: TheFutureEcononmy.ca

“The electrical grid is under historic pressure as the energy transition calls for the massive transformation and modernization of the critical infrastructure. Electrification, decarbonization, decentralization, and digitalization represent the megatrends driving the vast transformation of our critical infrastructure, costing many trillions of dollars. To decarbonize, we must electrify. To electrify, we need the grid. The grid is complex, and for that, we need better grid intelligence.

Distributed energy resources (DERs), electrification of transport, electrification of heating, and crypto mining are just a few of the compounding challenges on the grid, causing acute network congestions that restrict the pace of electrification. Aging infrastructure, antiquated workflows, data availability and quality, adverse weather events, and cybersecurity further create real risks for electric utilities. As the grid was planned, designed, built, and operated throughout the past century, effective grid management is necessary to provide safe, reliable, affordable, and clean electricity to all.”

Read full Op-Ed: https://thefutureeconomy.ca/op-eds/ai-and-the-electric-grid-friends-or-foes/