Artificial Intelligence is improving energy companies—not replacing workers
, a market intelligence business, says that spending on such technologies will more than double from $50 billion today to $110 billion in 2024.
The same AI tools can predict weather patterns. That will allow grid operators to more accurately gauge when wind and solar resources will be available for use. Reliability is therefore bolstered., we can focus on the need to reduce CO2 emissions and specifically, President Biden’s goal of becoming carbon-neutral by mid-century. According to Beyond Limits’ Krause, AI can reduce CO2 emissions between 1%-10% by improving industrial processes and reducing downtime.
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Artificial Intelligence Is Improving Energy Companies — Not Replacing WorkersSince the late 1990s, I’ve covered energy, beginning with the rise and fall of Enron — first as a magazine writer before becoming a columnist and editor. For nearly 10 years, I’ve been a columnist for Forbes, focusing on fossil fuels, renewables and nuclear energy while expanding my coverage to include emerging technologies and environmental causes. My stories, which cover the globe, have appeared in, and have been cited by, dozens of publications and broadcasts. My features and my columns have also won several national awards. Twitter: Ken_Silverstein. Email: kensilversteineditorial.com
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