Ever imagined using energy from your own rooftop solar panels to power all your air-conditioning units, heat up water and charge your smartphone? This can now be a reality. In Singapore, smart-enabled HDB flats to be completed in Punggol next year will allow homeowners to track energy consumption via a mobile app, and control just about any appliance that is connected to a power source. By 2040, one billion households and 11 billion smart appliances can actively participate in interconnected electricity systems, allowing these to alter when to draw electricity from the grid, according to the International Energy Agency (IEA). Other demand sectors, such as transport, buildings and industry, are also feeling the effects of a seismic shift in the energy sector.
Earlier this year, Bill Gates, founder of Microsoft and the richest man on Earth, wrote an essay online at "The blog of Bill Gates," to college students graduating worldwide in 2017. One is artificial intelligence (AI). We have only begun to tap into all the ways it will make people's lives more productive and creative. The second is energy, because making it clean, affordable, and reliable will be essential for fighting poverty and climate change." The third field he mentioned was biosciences.
At the beginning of 2016, the world's most sophisticated artificial intelligence (AI) beat World Champion Lee Sedol at a game called'Go' – a chess-like board game with more move combinations than there are atoms in the universe. Before this defeat, Go had been considered too complicated for even the most complex computers to beat the top humans. It was a landmark moment in the development of ever-more sophisticated AI technology. But the future of AI holds more than simply board game victories. It is rapidly finding its way into all aspects of modern life, prompting the promise of a'Fourth Industrial Revolution'.
Editor's Note: This is the first in a four-part series examining the growing role of machine learning and artificial intelligence in the power sector. Tomorrow, we look at how regional grid operators are using AI to optimize operations. The future of the electric grid is undoubtedly cleaner and more efficient and distributed, with hefty doses of technology and machine learning helping to operate it all. But if you're expecting a system dramatically transformed, experts say you'll be left waiting. Artificial intelligence and machine learning are already helping utilities run their networks more efficiently, extending the life of equipment and helping to dispatch energy into markets more efficiently.
By and far, blockchain as a technology is designed to disrupt the very core of the industry and sector where it is adopted. The general idea behind the blockchain is to decentralize and secure a more mainstream system that is not controlled by any one party or group. By definition, it's a public ledger of network-based transactions distributed and decentralized among a variety of nodes and systems. There is no central server or core system. Instead, authentication is handled by the entire network, publicly.