Power sector seeks to reap benefits and tackle risks from AI applications

AI applications are transforming business operations and processes in the power sector as well as the broader economy, leading to greater cost savings, increased efficiency and new services for consumers. But further developments rely on the ability to foster and support innovation, addressing outstanding matters related to investments, data access and governance, as well as ethics. By 2025, 81% of the energy companies will have adopted artificial intelligence, reaping the numerous benefits of accelerated developments in this field and fast tracking the clean energy transition. This is according to an assessment released by Eurelectric, AI Insights: The Power Sector in a Post-Digital Age. First, AI can enable a faster decarbonisation of the power sector.