The blog of Bill Gates,” to college students graduating worldwide in 2017. He stated, “If I were starting out today… I would consider three fields. One is artificial intelligence (AI). We have only begun to tap into all the ways it will make people’s lives more productive and creative. The second is energy, because making it clean, affordable, and reliable will be essential for fighting poverty and climate change.” The third field he mentioned was biosciences.
According to Dan Walker, who leads the emerging technology team in British Petroleum’s (BP) Technology Group, “AI is enabling the fourth industrial revolution, and it has the potential to help deliver the next level of performance.”
High costs for infrastructure and distribution lines, as well as stringent governmental regulations, naturally create opportunities for monopolies to develop in the market.
What is AI?
When someone mentions “Artificial Intelligence”(AI), most of us imagine an army of human-like robots rebelling against humanity, while a few are envisioning a bright future where AI serves them in all possible ways
AI is the ability of a machine or a computer program to think and learn. The concept of AI is based on the idea of building machines capable of thinking, acting, and learning like humans.
How AI can be expected to be brain -
AI is expected to be the brain of future smart grid. The technology will continuously collect and synthesise overwhelming amounts of data from millions of smart sensors nationwide to make timely decisions on how to best allocate energy resources. Additionally, the advances made from ‘deep learning’ algorithms, a system where machines learn on their own from spotting patterns and anomalies in large data sets, will revolutionize both the demand and supply side of the energy economy. As a result, large regional grids will be replaced by specialised micro grids that manage local energy needs with finer resolution. These can be paired with new battery technologies that allow power to continually flow to and between local communities even when severe weather or other outages afflict the broader power system.
How can we envision AI on Demand Side and Supply Side -
On the demand side, smart meters for consumers, including homes and businesses, and sensors along transmission lines will be able to constantly monitor demand and supply. Further, briefcase-sized devices known as ‘Synchrophasers’ would measure the electricity flow through the grid in real time allowing operators to actively manage and avoid disruptions. These sensors would communicate with the grid and modify electricity use during off-peak times thereby relaxing the workload of the grid and lowering prices for consumers.
On the supply side, AI will allow the industry to transition to an energy portfolio with increased renewable resource production and minimal disruptions from the natural intermittency that comes with these sources due to variable sunlight and wind intensity. For example, when renewables are operating above a certain threshold, either due to increases in wind strength or sunny days, the grid would reduce its production from fossil fuels, thus limiting harmful greenhouse gas emissions. The opposite would be true during times of below-peak renewable power generation, thus allowing all sources of energy to be used as efficiently as possible and only relying on fossil fuels when necessary. Additionally, producers will be able to manage the output of energy generated from multiple sources to match social, spatial, and temporal variations in demand in real-time.
In India, how can AI be useful?
"Power distribution companies (Discoms), due to their nature of work, have access to huge consumer data and they can use this data to foray into other allied businesses just the way cab aggregators are delivering food or e-commerce companies providing video-on-demand services," Ashis Basu, CEO (Corporate), GMR Energy, suggested.
In this article I have given you a brief about AI and power Sector so from the next article, we will be reading about what exactly AI is? How it Works?