AI and Data Analytics Seen as Critical to Upgrading Aging Electric Grids
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Energy grids are outdated and struggling to meet intensifying electricity demand as more devices electrify. This strains infrastructure and risks blackouts.
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Investors are optimistic that AI and data can help optimize existing infrastructure to accommodate growing demand without expensive overall grid upgrades.
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Smart meters and software can balance energy supply and demand in real time, preventing congestion and rerouting power as needed.
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Flexible pricing tariffs may shape future consumer behavior around high and low demand times. Appliances may run automatically during cheaper rate periods.
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While software optimizations are crucial, physical infrastructure upgrades can't be delayed. Generative AI aims to accelerate project contracting and development.