The energy industry is undergoing a rapid transformation in recent past owing to the enhanced role of renewables and enhanced data-driven models making the value chain smarter. In the context of the primary constituents of this sector comprising of coal, power, renewables, solar energy, oil, and gas, there is a huge role AI can play. The biggest disruption in power in recent times is in the smart grid which is quite flexible in comparison to the traditional grid. AI can be a huge enabler in the form of providing optimal configurations etc to create a really smart and efficient grid. By thorough analysis of data related to losses AI can help prevent transmission and distribution losses.