AI & Its Energy Efficiency Potential| Peter LaGow

10/22/2019

AI & Its Energy Efficiency Potential | Peter LaGow | Technology

U

a

AI & Its Energy E ciency Potential

by Peter LaGow | Oct 9, 2019 | Technology

Of all the things that have gotten people talking the past few years regarding technology, few surpass AI and energy e ciency on the list. Arti cial intelligence can be found in more and more industries and is often seen as an integral aspect of business. With more ways to power businesses and environmental factors playing a larger role in the minds of employers and employees alike, we are quickly coming into an age where these two technological behemoths meet.

AI is engrained in so many technologies including those that power your smartphone, Uber, a ight’s autopilot, and voice-activated assistants like Google’s Alexa. Chances are you’ve heard of AI’s contributions to these technologies. What you may have never heard of is arti cial intelligence’s contributions to energy e ciency. Through machine-learning techniques, AI is making its impact known in this sector. Here’s how. peterlagow.com/ai-its-energy-efficiency-potential/

1/3

10/22/2019

AI & Its Energy Efficiency Potential | Peter LaGow | Technology

Reinforcement Learning Reinforcement learning (RL) builds algorithms in two ways, by using dataset training to optimize performance and mathematical functions to optimize performance. This type of AI learning excels in complex tasks and only needs a few tools to exceed, including constraints, rules, and interaction. Once it has those, it can then continue to learn and improve its functions.

Bene ts to Wind and Solar Generation If there’s one thing AI and computers are good at, it’s making predictions from data it’s given. Now companies are turning the computing and analysis power of AI towards wind and solar power to improve its e ciency and to cut down on costs. Using weather forecast data, AI can predict the best times to schedule electricity deliveries to the grid 3 days in advance, essentially making it into a commodity. When putting this knowledge into practice, the value of this type of power increases, and companies can save on the costs of operating equipment by minimizing time spent working during nonpro table hours.

Solar Plus Storage When used as a system management tool for solar plus storage systems, AI signi cance skyrockets. It has the potential to enhance control, exibility, and deliver predictive optimization to various aspects of projects, including power generation, storage, and purchasing, if given enough information.

By applying reinforcement learning to solar plus storage, AI can generate up to 50% additional revenue. The subtle or even drastic changes this technology can apply by analyzing a company’s data can quickly transform business nance and strategy to make it much more pro table and e cient.

What the Future Holds Reinforcement learning is here to stay, especially in the energy sector. As software solutions become more re ned and widely adopted, AI and RL can create greater e ciencies, more revenue and pro t, and make predictions farther into the future to help companies improve their strategies on a long-term scale.

While some industries have long been using AI, the energy sector is only just beginning to incorporate this useful tool into their businesses. It won’t be long before its incredible implications begin to make major breakthroughs and generate more positive impacts within a variety of industries.

Search

peterlagow.com/ai-its-energy-efficiency-potential/

2/3