AI is transforming demand-side management

The impact of Artificial Intelligence in energy management. We're at a crossroads in the world of energy. The landscape is shifting with the increasing role of renewables, growing demand and the need for resilience against extreme weather. How do we manage power effectively to keep the grid stable and efficient? Using AI to manage demand is one possibility. The role of artificial intelligence in energy management is an exciting development. It's set to transform how we predict, price, trade and use power, all while boosting efficiency and reliability.  Managing the grid is like solving a complex puzzle in real-time. The old grid, built for predictable loads, now grapples with erratic consumption and the fickleness of renewables like solar and wind. AI steps in here, using data and machine learning to improve efficiency and strengthen the grid. AI outperforms traditional models in forecasting. While these conventional models are valuable, they often miss the finer details which can lead to forecast errors. AI, on the other hand, adapts rapidly to real-time changes, enhancing the predictability of supply and demand at a detailed level. For the first Interchange episode of the year, we welcome David Miller from Gridmatic to discuss the ever-evolving use of AI in grid management.  Together they explore how AI is transforming strategic forecasting, risk management and optimisation in energy infrastructure. What are the current challenges for the grid and how could AI help? What investment is required in infrastructure to optimise the grid? And what are the regulatory measures in place that are helping and hindering the rollout of smart grids? Subscribe to the Interchange Recharged so you don’t miss an episode. Find us on X – we’re @interchangeshow. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Om Podcasten

Clean tech, green finance and energy innovation are the three lanes on the road to a successful global energy transition. At the intersection of these lanes is a place where ideas on finance, technology and policy are shared and debated. That intersection is Interchange Recharged.  Sylvia Leyva Martinez, principal analyst at Wood Mackenzie, invites visionaries, entrepreneurs, policy-makers and energy analysts to explore the newest developments in renewable technology, explain the ideas on global energy policy that could accelerate the energy transition, and identify new funding and financial models that could solve the biggest challenges we face on the way to net zero.  Sylvia and her guests bring you data and forecasts on clean technology, climate science, and offer predictions on the build out of utility-scale projects and the future of green finance. What impacts do the annual UN Conference of the Parties have on decarbonisation goals and climate change? What will COP30 bring? What’s happening in global EV adoption and development? What’s the forecast for solar energy, one of the major success stories of renewable energy in the last ten years? What does the data tell us about the future of hydrogen, of nuclear, or of low-carbon power?  These are examples of the insights and detailed analyses you can expect bi-weekly on Tuesdays at 7am ET.  If you like The Energy Transition Show, Catalyst with Shayle Kann, The Big Switch from Columbia University, Open Circuit with Stephen Lacey or The Green Blueprint, you’ll enjoy Interchange Recharged.  Want to get involved with the show? Reach out to podcasts@woodmac.com to: Bring Sylvia and Interchange Recharged to your event Be a guest on the show  Sponsor an episode Ask a question to Sylvia or one of our guests  Check out another leading clean tech global podcast by Wood Mackenzie, Energy Gang, at woodmac.com/podcasts/the-energy-gang Wood Mackenzie is the leading global data and analytics solutions provider for renewables, energy and natural resources. Learn more about Wood Mackenzie on the official website: https://www.woodmac.com/