The opportunity
Increase energy system resilience, integrate diverse renewable energy sources more effectively, reduce transmission losses, and empower consumers with more control over their energy generation and usage.
From “AI Megatrends - AI In Energy : Connected, Intelligent Energy and Energy SaaS” (June 2023)
Bottom line: energy in our electrical system used to be one-way and was mostly from carbon. We are now on the edge of an era in which it is becoming a two-way system, with generation primarily based on renewables, distributed, connected, intelligent, and part of a super big hyperconnected microgrid with a lot of batteries. And AI plays a huge role already and an even bigger role in this new energy grid going forward.
grid-connected energy storage . Essentially, great big batteries store energy generated by the distributed energy resources in the system. Solar is only generated while the sun is up, and wind energy only happens on a windy day - but grid-connected energy storage solves this problem. There is a huge amount of investment, innovation, initiative, and idea generation going into this - as I explained many years ago, ” The Future of Just About Everything is all About Batteries .”
In effect, AI can help in managing demand and supply between the network and the source, and AI algorithms will revolutionize the way we generate, distribute, and consume energy from renewable sources such as solar, wind, and hydro because we. can use machine learning to make wind power sufficiently more predictable, or use AI to better determine the best locations for solar power generation. Power companies increasingly need AI and software to predict when and where power will be available—and automation to make sure power gets to where it’s needed, when it’s needed, without overloading the system.
From “Daily Inspiration: “What was once centralized is being disbanded. The future is connected - and distributed!”” (February 2023)
I released trend #2 of my BIG Future series yesterday on Connected Energy . I’ll share parts of it below in case you are not following. But the essence of the trend is this: Energy in our electrical system used to be one-way and was mostly from carbon.
We are now on the edge of an era in which generation is primarily based on renewables, is distributed, connected, intelligent, and part of a super big hyperconnected microgrid with a lot of batteries. Intelligent, connected smart energy takes us into a world in which our relationship with energy changes - and leads to the birth of new billion-dollar industry opportunities!
We are now on the edge of an era in which generation is primarily based on renewables, is distributed, connected, intelligent, and part of a super big hyperconnected microgrid with a lot of batteries. Intelligent, connected smart energy takes us into a world in which our relationship with energy changes - and leads to the birth of new billion-dollar industry opportunities!
From “The BIG Future: Connected Energy” (February 2023)
We are now on the edge of an era in which generation is primarily based on renewables, is distributed, connected, intelligent, and part of a super big hyperconnected microgrid with a lot of batteries. Intelligent, connected smart energy takes us into a world in which our relationship with energy changes - and leads to the birth of new billion-dollar industry opportunities!
First, there’s the idea of grid-connected energy storage. Essentially, great big batteries store energy generated by the distributed energy resources in the system. Solar is only generated while the sun is up, and wind energy only happens on a windy day - but grid-connected energy storage solves this problem. There is a huge amount of investment, innovation, initiative, and idea generation going into this - as I explained many years ago, ” The Future of Just About Everything is all About Batteries .”
battery recycling : most electric vehicle batteries are designed for a lifespan of about 12 years before they lose efficiency, but they can be repurposed and reused in microgrid energy storage solutions for a ‘second life’. One company, Connected Energy in the UK, has equity investment from Volvo, Caterpillar, and others, who recognize the emerging secondary market for used batteries. Connected Energy will specialize in taking old car batteries and building them into large-scale commercial energy storage systems.
Read the full pieces on jimcarroll.com:
AI Megatrends - AI In Energy : Connected, Intelligent Energy and Energy SaaS
Daily Inspiration: “What was once centralized is being disbanded. The future is connected - and distributed!”
The BIG Future: Connected Energy