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A Research Study by TRENDS Discussing the Role of AI in Energy Transformation

26 Dec 2024

A Research Study by TRENDS Discussing the Role of AI in Energy Transformation

26 Dec 2024

 

TRENDS Research & Advisory has issued a new study titled “AI in Energy Transformation: Driving Efficiency and Sustainability in the Modern Energy Sector,” examining the pivotal role that AI plays in accelerating energy transition and enhancing sustainability in the global energy industry.

Authored by researcher Najla Al-Madfa in English, the study suggest that AI represents a transformative force in the energy sector by virtue of its ability to analyze complex data, improve systems, and drive innovation. It explains that AI is a key solution to challenges related to integrating renewable energy sources, enhancing the efficiency of smart grids, and extending the lifespan of grid components through predictive maintenance.

The study focuses on several key applications of AI in the energy sector, including smart grids management by using machine learning techniques to improve load forecasting, effective integration of renewable energy sources, and optimization of renewable energy production to enhance the accuracy of forecasting solar and wind energy output in order to improve planning and reduce reliance on traditional energy sources. Moreover, the study explores advancements in energy storage technologies, such as improving battery performance with AI-powered systems like Tesla Powerwall.

The study also discusses the challenges facing AI applications in the energy sector, notably data gaps and the complexity of data generated from renewable energy sources and their effect on the accuracy of analyses. It also points to ethical concerns, the impact of automation on job opportunities, and the need for regulations to ensure equity in energy distribution.

The study also identifies regulatory challenges, such as the development of legal frameworks that suit the changing dynamics of energy markets.

The study recommends the adopting an integrated approach to developing AI infrastructure, strengthening intersectoral partnerships, and developing regulatory policies that balance innovation with sustainability.

It concludes that AI presents a golden opportunity to transform the energy sector into a more sustainable and resilient model. It also underlines the importance of addressing technical and ethical challenges in order to make the most of this technology.