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The State of AI in the Utility Industry: Challenges and Projections

The State of AI in the Utility Industry: Challenges and Projections

Full Title: The State of AI in the Utility Industry: Challenges and Projections
Author(s): UtilityDive Studio ID
Publisher(s): Urbint
Publication Date: January 30, 2023
Full Text: Download Resource
Description (excerpt):

For over a century, energy companies have embraced a well-understood and reliable paradigm. Fossil fuel (or electricity generated from it) passes along transmission and distribution lines from centralized locations to homes and businesses.

That familiar model is now undergoing dramatic and accelerated changes, forcing utilities to reconsider how they operate a resilient and reliable power system. Renewable generation and electrification initiatives across transportation, heating and cooling, manufacturing, and other sectors are driving efforts to decarbonize the power system to mitigate the worst impacts of climate change. At the same time, more and more severe weather events that emerge from our changing climate continue to disrupt energy transmission every year. Aging infrastructure, a workforce nearing retirement, and the rapid influx of distributed energy resources (DER) all add to the unprecedented challenges that electric and gas utilities face.

Urbint and Utility Dive’s studioID surveyed 150 utility leaders to better understand the industry’s most pressing challenges and the most promising tools to help navigate such momentous change. Their response was clear: The stakes are high, both for the industry itself and society as a whole.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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