How Predictive AI is Helping the Energy Sector
Artificial intelligence (AI) continues to be on everybody’s lips right now. In the past year alone, we have seen the many new and exciting applications for predictive AI within the energy industry to help it better maintain and optimise energy assets. The advances in the technology have been nothing short of rapid. The challenge, though, has been in supplying the ‘right’ data to make them effective. However, that is being overcome thanks to the wider digital transformation of the energy industry.
We are not only seeing the use of predictive AI to inform when an asset is at a higher risk of sustaining damage and in need of preventative maintenance, but seeing the technology combined with weather and traffic data so as to support dispatching engineers to a site optimally. This is proving to be instrumental in increasing the reliability of the entire energy system.
Deciphering patterns within the data
Whilst the continued transition towards net-zero has to be applauded, it is disrupting both the supply and demand side of the energy system. Electric vehicles (EVs), residential solar, and electric heating are all continuously changing demand patterns. At the same time, an increase in renewables on the grid is causing fluctuations in supply capacity.
Add to this the more frequent extreme weather events that we are seeing and are now affecting each and every corner of the world. These weather events simultaneously impact both the supply and the demand, making deciphering patterns within the data particularly challenging. A lot of what is grabbing headlines right now in the media is the use of predictive AI to learn these new patterns and deploy models into use rapidly to support demand flexibility. Yet, matching demand to available supply is the inverse of the traditional energy system.
By being able to better predict when the energy system will experience an imbalance in supply and demand means that the charging of EVs, for example, can be scheduled better to ensure the balancing of the grid. The reward is cheaper electricity for all. Additionally, if the charging can coincide with when there is a renewable energy supply, then the CO2 associated with that demand can also be reduced so it is a win-win.
Innovating projects coming to the fore
A big risk to the energy sector is, of course, energy imbalance as this could lead to potential blackouts. The ability to accurately forecast is imperative to being able to mitigate supply-demand imbalance.
Extreme weather not only impacts supply and demand profiles but can damage power lines and prevent power plants from operating properly. Thankfully, there are already certain innovative projects, such as one being driven by Scottish Power, that are aiming to better predict when extreme weather events will lead to power outages and where these outages will occur by provide enhanced intelligence throughout the system.
Balancing at an increasingly granular level
Balancing the energy system has always relied on being able to accurately predict customer behaviour. But this was always at the aggregate level when suppliers could turn up and down the energy supply at will. Now, though, there is a greater need for localised predictability as distribution grids become more active with two-way power flows caused by distributed energy resources, and grids are balanced at an increasingly granular level.
Thankfully, with predictive AI, it is now not only possible to learn customer demand patterns at the individual consumer level but even at the appliance level. Although not widely utilised yet, predictive AI is being used more and more to support demand side flexibility, particularly with things like electric heating and EVs – often the largest loads in a house or building. If a building has an energy storage system, that too is more likely to come with optimisation algorithms informed by predictive AI that can learn usage patterns to schedule battery import and export.
Changing the energy sector for the better
According to a recent GlobalData report, predictive AI is already driving measurable improvements in renewable energy forecasting, grid operations and optimisation, the coordination of distributed energy assets, and demand-side management within the energy industry. Further, in predicts that the technology will play a major role in enhancing asset optimisation and customer segmentation in the years to come. This is good to see.
There is no doubt that emerging technologies such as predictive AI is changing the energy sector for the better, whether it be detecting and repairing faults, better predicting weather patterns, or providing more accurate usage monitoring. It will be interesting to see what the future holds for the technology in the years to come. Whilst the future for predictive AI is exciting, it is still in the emerging technologies phase and needs to overcome the challenges often seen when scaling up.
To truly become successful, there also needs to be rigid governance procedures added to ensure the quality of data used to train the new predictive models are up to scratch. It will be important to confirm the integrity of all training data through detailed logging, auditing trails, verification frameworks, and oversight procedures. And then to continuously evaluate the datasets for emerging issues. In my view, that is where a lot of digitalisation of the energy sector will focus over the coming year. For example, the industry has already started to envision a digital twin of the energy system where predictive AI and open data combine to better plan and operate a much more distributed and flexible energy system.
