OPINION: Powering solar asset management with Machine Learning - ET EnergyWorld

New Delhi: Around 2018, the overall cost of generating electricity from Renewable sources (solar, wind) became cheaper than the traditional methods of electricity generation (coal, oil, gas, nuclear). More than half of new electricity generation capacity added in 2021 were Renewables, and at the same time, the amount electricity distribution grids were willing to pay per unit of Renewable energy began to drop significantly. Managing the accelerated growth in capacity, while driving down costs, has become a must for Renewable plants. Just as Renewable energy has grown in the last decade so has the field of Artificial Intelligence (AI). Traditional computing is software programmers creating algorithms, to solve for complex engineering problems.