AI is being used by companies to better plan real-world projects, plan efficiently preventive servicing and maintenance of appliances and machines, and efficiently use resources as well as produce both energy and food while reducing waste. AI offers numerous benefits such as:
- Efficient Energy Production: AI can ensure efficient energy production, reduce carbon footprint, and cut down costs.
- Monitoring and Mitigation of Emissions: AI can detect energy emission reductions, and CO2 removal, and help develop greener transportation networks. For example, the International Methane Emissions Observatory (IMEO) leverages AI to revolutionize the approach to monitoring and mitigating methane emissions.
- Optimization of Renewable Energy: AI can enhance the predictability of demand and supply for renewables across a distributed grid, improve energy storage, efficiency, and load management, assist in the integration and reliability of renewables, and enable dynamic pricing and trading, creating market incentives.
- Designing Energy-Efficient Buildings: AI applications could help design more energy-efficient buildings.
- Leak management : AI is being used to perform surveillance and leak detection work.
- Deforestation Monitoring: AI is being used to monitor deforestation.
- Predicting Extreme Weather Conditions: AI has the potential to predict extreme weather conditions.
- Real-Time Analysis and Future Predictions: AI’s capabilities are being leveraged to analyze complex, multifaceted datasets to inform near real-time analysis and future predictions on multiple factors, including CO2 atmospheric concentration, changes in glacier mass, and sea level rise.
In summary, AI in Energy/Environment aims to make energy production more efficient, reduce carbon footprint, and help in better management of environmental resources.
Here are the links to the companies in the field of “Energy/Environment” and which we expected to impact the market with their technology and business strategy.