What is the role of artificial intelligence in the renewable energy sector?
With time changing and the environmental Health dipping each passing quarter the need to
switch to renewable sources of energy is increasing surprisingly at an exponential rate. The
energy sector faces pressing challenges and needs to act with utmost urgency. Energy
sector comes under the absolute essential industry requiring it to be kept well functioning at
all costs.
Drifting from the topic above, we also know that Artificial intelligence is now putting its foot in
all industries.
Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are
programmed to think like humans and mimic their actions.
It has both pros and cons. It is taking the industrial growth to brilliant heights and making
various business processes seem smooth and super efficient. With the help of Artificial
intelligence so many sectors have increased their productivity 3X times as compared to
original productivity charts.
Now amalgamating the two particulars discussed above- let’s discuss the role Artificial
intelligence can play when we talk about renewable resources and energy sector
development.
Is Artificial intelligence helpful or harmful to the Renewable energy sector?
Major disruption to the electricity sector is on the cards as governments speed up
renewables development and decide on transition away from fossil fuels as soon as
possible. While renewable energy looks set to flourish amid the current backdrop, its
intermittent nature means solutions will need to be found to keep grids stable.
Artificial intelligence is far superior to humans when it comes to carrying out complex tasks
at speed. Given that an energy grid is one of the most complex machines ever built and
requires split-second decisions to be made in real time, AI algorithms are a perfect fit.
The energy industry utilises accurate forecast of power generation and net load that
becomes essential to maintain system reliability minimise carbon emissions and maximise
energy resources, the industry is changing from a market based on commodity pricing to a
market based on technology solutions in order to integrate renewable energy.
Renewable energy sector requires a lot of calculation and statistical analysis. It also requires
automation capability as the mechanisms that this act deals with are complex and need to
have operational excellence which artificial intelligence can provide fully. Artificial intelligence
has the capability of paving the way for a smooth transition to a greater use of renewables
as compared to non-renewable sources which are currently in use. As we move into the
Fourth Industrial Revolution, grid operators, developers and consumers are harnessing
artificial intelligence (AI), making renewable energy a more prominent source of energy for
power generation.
Artificial intelligence is supported by various emerging technologies such as big data sorting
and evaluation, ledger technology sensors and quick testing abilities. Artificial intelligence
has the ability to unlock the vast potential of renewables. Failure to embrace it would leave
the renewable energy sector falling behind.
