AI in Energy; Evolution or Revolution?

The excitement around ChatGPT and other large language models has put AI firmly in the spotlight in recent months. Public perception is that we’re entering a new age of AI; it is a brand-new technology that promises to change our lives. In the world of energy, though, AI is not a new concept. GE was developing its AI capabilities more than a decade ago. BP invested in an AI company in 2017 to support oil exploration and production. And so far, although you can see the impact of AI in many parts of the world of energy, it has not exactly transformed the fundamentals of the industry. So when people get excited about AI in energy today, and expecting revolutionary change, are they just buying into some well-orchestrated hype? Amy Myers-Jaffe is Director of the Energy, Climate Justice and Sustainability Lab at New York University. She joins Ed and explains the real-world benefits of automation and AI for electricity networks. Automating home energy use and business operations in conjunction with power supplies could have huge implications for energy. The gang is also joined this week by Michael Webber. Michael is the Josey Centennial Professor in Energy Resources, in the Walker Department of Mechanical Engineering at The University of Texas. He’s also CTO of Energy Impact Partners, a cleantech venture fund. Together, the team examine whether AI will transform energy and our lives in the same way the internet did. And they assess the question: is AI the tool that will ultimately open the door to a net zero energy system?   Subscribe to the show so you don’t miss an episode and follow us on Twitter, we’re @theenergygang   Wood Mackenzie’s Solar & Energy Storage Summit is back, taking place at the Palace Hotel in San Francisco on June 21 and 22. Join expert solar and storage analysts for discussions with leading grid-scale utilities, solar and energy storage developers and federal policy makers.      How is the IRA catapulting the development of solar and storage in North America? How can we continue to build a productive environment for solar and energy storage as we move forward with the energy transition? What is required to nurture the development of a thriving localized storage component supply chain?      Expect two days of panel discussions, presentations and workshops, as we explore the opportunities for solar and storage in the coming decades.       If you are interested in sponsoring or attending find out more on woodmac.com/events/solar-energy-storage-summit  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.