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Bringing intelligence to energy management

In combination with other technologies, AI has the potential to deliver the active management that will be required for the grid of the future. Powerful intelligence will be able to balance grids, manage demand, negotiate actions, enable self-healing and facilitate a host of new products and services. Indeed, AI, will not just lend itself to the energy transition, it will also enable more efficient and effective utility operations by helping to analyze unstructured data which typically makes up to 80 percent of data in an organization.

AI in energy

Power generation

Artificial intelligence will power the mechanisms that are needed to control an integrated power network, also known as a ‘smart grid’. This intelligent system can balance grids, manage demand, negotiate actions, enable self-healing and facilitate a host of new products and services. By making sense of unstructured data, the smart grid can enable more efficient and effective utility operations.

Building Energy Management System

Building owners today face many challenges, as they search for ways to:

  • Reduce energy consumption and carbon footprint
  • Increase tenant satisfaction and loyalty
  • Protect tenants with non-intrusive security methods
  • Lower operating costs
  • Maintain buildings and comply with regulations
  • Manage modern buildings’ technology and systems, and reap maximum ROI

Electric vehicles

The electric vehicle (EV) market has now evolved to accommodate an environmental-friendly option: Plugged-in Electric Vehicles (PEVs). Companies like General Motors, Ford, Nissan and Tesla are producing PEVs, with the Tesla Roadster leading the way in the all-electric PEV category. While the prevalence of PEVs can result in a drastic reduction in pollution due to not needing fossil fuels or emitting pollutants, they still need charging outlets to power them on the go. Enter the Smart Grid.

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Energy 2025: The future of the Power & Utilities Sector

The changing landscape of the power and utilities industry is resulting in new expectations for IT and shifting imperatives for the Chief Information Officer as well as other C-levels across the business. Many power and utilities organizations have now embarked on an IT transformation program.

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Sunshine-based electrification
  • 430 quintillion Joules of energy received from the sun every hour, enough to power the earth for a whole year.
  • Because of economies of scale from greater deployment and improving technology, unsubsidized solar photovoltaics can now compete with natural gas power plants and will soon compete with coal plants.
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Environmental and economic imperatives
  • A recent report by RethinkX suggests that by 2030, the transition to electric transportation will be dominant, which will drive oil prices down to US$25 dollars per barrel.
  • Electric vehicles will cost the same as conventional cars by 2018, and over time become much cheaper than gasoline or diesel vehicles due to their simplicity and lower O&M costs.
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Systems intelligence
  • Innovations such as Germany’s Ubitricity replacing conventional bulbs in street lamps with LED ones, and then fitting these poles with sockets for charging electric cars have ushered in new energy models.
  • Secure grids use network design and configuration, control strategies and grid collaboration to allow automatic reconfiguration in response to threats, improved power quality and increased efficiency.

Benefits of AI in Energy Industry

The use of AI also aligns well with the current pace of change that utilities, regulators and customers expect, with improvements to common utility operations, including:

- Shawn Chandler is an IEEE Senior Member and Associate Director at Navigant Consulting, Inc., within the Energy practice

How BootUP helps

Our SERVICES & PACKAGES

The power of AI lies in the ability to use this intelligent technology throughout the customer’s journey, helping tap more potential than was possible before, and bringing in unprecedented transformation.

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STARTUPS

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CAPITAL

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TECHNOLOGY SUPPORT

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EXPERT VISION

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SUCCESS

BUILD PHASE

INFRASTRUCTURE
CAPITAL MATCH
  • Development, support and colocation services
  • A global on-demand developer network
  • Pan-global office space availability

Matching your first $50,000 investment with equivalent seed fund amount, in return for an equity stake in your business

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NETWORKING EVENTS
  • Connecting startups with enterprises
  • Connecting startups with VCs and private equity investors
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68 Willow Rd, Menlo Park

CA 94025, USA

+1 (800) 493-1945