Tesla big battery paves way for artificial intelligence to dominate energy trades

Around the world, and particularly in Australia, energy traders are trying to get their minds, and their algorithms, around the complexities of trading in variable wind and solar projects and super-fast battery storage installations. Maybe they should give up now, and hand it over to artificial intelligence. US-based software-as-a-service platform provider AMS says automated trading systems for batteries and renewable energy projects using deep learning and artificial intelligence can out-compete the best human traders, by around a factor of five. With the deployment of large-scale energy storage systems occurring at an ever-increasing rate, this is critical – not just for the ability to make money out of the markets, but also for the ongoing operation of the National Electricity Market itself. Traditional generators only need to maximise their generation during periods of sufficiently high energy prices.