Artificial Intelligence in the Power Sector
The energy sector worldwide faces growing challenges related to rising demand, efficiency, changing supply and demand patterns, and a lack of analytics needed for optimal management. These challenges are more acute in emerging market nations. Effic...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/239631596432312564/Artificial-Intelligence-in-the-Power-Sector http://hdl.handle.net/10986/34303 |
| Summary: | The energy sector worldwide faces
growing challenges related to rising demand, efficiency,
changing supply and demand patterns, and a lack of analytics
needed for optimal management. These challenges are more
acute in emerging market nations. Efficiency issues are
particularly problematic, as the prevalence of informal
connections to the power grid means a large amount of power
is neither measured nor billed, resulting in losses as well
as greater CO2 emissions, as consumers have little incentive
to rationally use energy they don’t pay for. The power
sector in developed nations has already begun to use
artificial intelligence and related technologies that allow
for communication between smart grids, smart meters, and
Internet of Things devices. These technologies can help
improve power management, efficiency, and transparency, and
increase the use of renewable energy sources. |
|---|