Description

In this episode, I speak with Rob McNeil (President, Composite Power) about the impact of Artificial Intelligence in the energy sector in grid transformation.

There are three areas we cover in identifying impact: the business and operations of Composite Power, suppliers they represent, and their customers.

The initial steps are to help customers deploy equipment to collect data, and the challenge is to evolve to implementation with the right vendors and technologies for customer business and operations. The outcome has to be accelerated change, adopting new system monitoring with the intent to make electricity more reliable and more affordable. With increases in capacity, there is going to be huge initial investment. At the end of the day, we should have more power, better information, more control, more reliability, and cheaper rates.

The focus is productivity and cost. Power needs to be cheaper as well as more reliable. We need technology to drive efficiency.

Key Takeaways:

1. The role of AI is increasing significantly and are improving the ability of system monitoring, control and operations. Good planning and implementation will make our systems better, safer, and cheaper.
2.  AI is having an impact on business in deploying tools to make operations more efficient.
3. The energy sector transitions to integrate AI in data collection and monitoring is accelerating quickly but there is still lots of work to do in utilizing ADMS, OMS, DERMS, etc. These developments are changing the opportunities for business, customers, utilities and suppliers. This is an opportunity that will benefit many. Find your place in the AI investment in our electrical systems.
4. In the huge increase in the scale of power required and being built we need technology to drive efficiency and reduce the cost of power.