3/12/2024 0 Comments Pitch perfect google driveGrid-Interactive Smart Communities: As more homes and commercial buildings connect to the power grid, AI can be used to improve communications, energy efficiency, load shifting, and emissions reductions among a vast array of distributed energy resources to support decarbonization.Įnergy System Resiliency: AI could help predict weather, electricity demand, and plant and grid conditions. “We are trying to form a consortium of academia, national labs, utilities, and AI companies to de-risk the adoption of AI technology and accelerate research, development, and deployment of AI.” Grand Challenges to Focus CollaborationĪt the AI and Electric Power Summit, EPRI and its collaborators in the AI and utility industries will unveil and discuss a series of grand challenges-specific areas where AI can make a meaningful impact on utility operations and objectives. A lot of utilities have applied AI to some areas, but they have not yet realized the full value,” said Liang Min, the managing director of Stanford’s Bits & Watts Initiative. Such collaboration and education are critical for empowering utilities to tap AI’s potential value. In addition to these events, EPRI researchers are identifying applications for AI in the power industry and educating utilities about a range of AI topics, including technical topics like natural language processing and image processing as well as issues around use cases, data sharing, and data governance. In September, EPRI will host its first AI and Electric Power Summit, which will focus on how AI can accelerate innovation for a clean energy future. Another was the virtual roundtable Convening AI and Electric Power, which included participants from AI companies like Microsoft and RWI Synthetics, utilities such as Ameren and CPS Energy, and NREL. The reverse pitch event was one of many gatherings EPRI organized to increase collaboration between the two industries and was co-hosted by Stanford University’s Bits & Watts Initiative-the university’s effort to accelerate technology innovation to benefit the 21st century grid.Įarlier in 2021, EPRI, Stanford, and NREL hosted the event This is AI: Introductory Training Course and Expert Panel on AI for Electric Power Experts, which featured presentations by Google, NREL, and Stanford. Facilitating Collaboration to Accelerate AI Adoption “We see huge potential for AI to move us from time-based to condition-based maintenance and replacement so we can reduce failures,” said Thompson. Over 100 organizations participated in the event, where AI experts responded to utility reverse pitches about decarbonization, asset management, digital twins, cybersecurity, grid resiliency, and outage optimization.įor example, Kevin Thompson, a manager for Asset Information and Intelligence for Duke Energy, says he was eager to participate in the event to learn more about how AI and machine learning can help improve the maintenance and replacement of grid assets. The event brought together utilities like Duke Energy, RTE, TVA, PG&E, PPL, Ameren, and Southern Company, universities such as Stanford and MIT, national laboratories such as Lawrence Berkeley National Laboratory and the National Renewable Energy Laboratory (NREL), as well as AI companies like Intel, Google, and C3 AI. Then the AI community responded with solutions they have or could develop to address these-and potentially other-challenges.” So we had utilities bring forward data challenges and present them to AI companies and researchers instead. “We wanted to bring the problem to the solution. “When you have solutions that are chasing problems, you often get the situation of trying to force a square peg in a round hole,” said Jeremy Renshaw, an EPRI senior program manager who leads the AI.EPRI Initiative, which seeks to promote collaboration among utilities, leading artificial intelligence (AI) companies, and academic researchers. That traditional paradigm for matching business solutions with business challenges was completely upended at EPRI’s recent Reverse Pitch event for AI and electric power companies. But successful pitches inevitably require entrepreneurs make educated guesses that the solutions their businesses have labored to develop uniquely address a challenge their audience wants to solve. Having an impactful product or service that solves a big problem is fundamental. A lot of ingredients go into a good pitch. Successful Silicon Valley entrepreneurs have a knack for pitching their business ideas. EPRI’s reverse pitch event is part of a larger effort to tap the power of AI to benefit the grid and society
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