WIT News’ Post

💡 DIGITAL TWIN FOR ENERGY 📢 The European project TwinEU - Digital Twin for Europe ➡ aims to build a federated ecosystem of Digital Twin solutions (DT) ➡ by enabling new technologies to foster an advanced concept of DT ➡ while determining the conditions for interoperability, data and model exchanges ➡ through standard interfaces and open APIs to external actors. 🔦 Advanced modeling supported by AI tools and able to exploit High Performance Computing infrastructure will deliver a novel capability to observe, test and activate a pan-European digital replica of the European energy infrastructure. 🎯 The TwinEU initiative gathers 77 partners from 15 countries, an unprecedented number of actors committed to achieving this common goal 👷♂️ R&D Nester will be working on: 🔎 Digital twinning for cyber-physical grid resilience 🔎 Digital twinning for forecasting and optimal grid and market 🔎 Digital twinning for smart coordinated planning of the grid See more here: https://lnkd.in/d7n4TPdV R&D Nester - Creating a Smart Energy Future! www.rdnester.com #digitaltwin #energy

I’m thrilled to announce that the upcoming International Conference for Artificial Intelligence: Applications, Innovation, and Ethics (AI)²E will feature a session on AI Applications in Energy. This area will explore how AI can optimize energy production, distribution, and consumption, with a particular focus on renewable energy sources such as solar, wind, and hydroelectric power. The conference, jointly organized by Sultan Qaboos University (SQU) and the Ministry of Transport, Communications & Information Technology (MTCIT), will be held from 3 to 5 February 2025. It promises to be an insightful event for professionals, researchers, and students interested in AI-driven innovations in the energy sector. Don’t miss this opportunity to engage with experts, share knowledge, and contribute to the future of sustainable energy! #AIInEnergy #RenewableEnergy #SustainableFuture #InnovationWithAI

#ElectricGrid Development: A Potential Roadblock to #AI Progress and Adoption?   The burgeoning #AI industry is facing a critical challenge: a power problem. As AI technologies evolve, their electricity demands skyrocket, threatening to outpace the current infrastructure’s capacity.   The International Energy Agency (IEA) projects a tenfold increase in AI’s power consumption by 2026, highlighting the need for substantial infrastructure development. #GenerativeAI systems, which process vast data volumes, are particularly energy-hungry.   Solutions are emerging as AI companies and power providers race to address these issues. They’re investing in renewable energy projects and planning new transmission lines to meet the growing demands. This proactive approach aims to ensure that AI’s growth doesn’t strain the existing grid.   To support this transition, it’s crucial for stakeholders to collaborate in enhancing the grid’s capacity and resilience. The goal is to create a sustainable energy ecosystem that can fuel the AI revolution without compromising the grid’s integrity.   The investment plans of major utility companies like EDF, Enel Group, E.ON, ENGIE, and Iberdrola are directly linked to the concerns raised in the previous summaries regarding the AI industry’s growing power demands. These companies are proactively expanding and modernizing the electric grid infrastructure to meet the anticipated surge in electricity consumption by AI technologies.   The strategic investments outlined by these utilities aim to enhance #SmartGrid capacity and resilience, which is essential for supporting the deployment of energy-intensive AI systems without overburdening the current grid. By focusing on renewable energy projects and #GridModernization, these companies are addressing the dual challenges of ensuring a reliable power supply and mitigating potential transmission bottlenecks.  

Save the date 10th June- 16.00 Growth Summer Mingle & Panel Discussion. This year on AI - in Telecom, for connected industry and in renewable energy Join us on our panel discussion followed by our yearly summer mingle . Our second panel will discuss "Connected Industry powered by AI and 5G". Patrik Sandgren from Teknikföretagen, will discuss with selected Swedish industry companies, Jan Abrahamsson from Ericsson and people from TRE's global office with international experience from connected industry. Magnus Rehle will lead the panel discussion. More info will follow soon....save the date ! JUNE 10th! #AI #growth #industry4.0 #5G #connectedindustry

💡Did you know that forecasting AI algorithms can enhance the efficiency of renewable energy utilization by more than 30%? #AI finds broad usage in many industries, including renewable energy. The Intelliarts experts gathered some useful statistics, facts, and numbers for you to evaluate the impact of smart technology on this promising market. 👉📊Scroll through the infographics attached. ✅You can discover other useful statistics regarding the impact of AI on the #RenewableEnergy market from Intelliarts’ blog post. The text in full is available at the link below: https://lnkd.in/e8VpVjEQ #DigitalTransformation #Innovation #Development #Technology #ONS2024

AI companies are constantly searching for reliable energy sources. One unexpected solution? Resurrecting defunct energy plants. Explore our newest blog post covering defunct energy plants and AI!: https://lnkd.in/ektiVanG

🌍 Global Conference on Energy & AI 🌍 I had the privilege of virtually attending the Global Conference on Energy & AI hosted by the International Energy Agency (IEA) in Paris, France, on December 4-5, 2024. The event was a remarkable convergence of experts from government, industry, and academia, all focused on the transformative impact of AI on the energy sector. Key Highlights: Purpose: Exploring AI's role in enhancing energy production, consumption, and distribution. Participants: A diverse group of global decision-makers and industry leaders. Sessions: Dec 4: Technical-level forum on AI in energy supply, generation, use, innovation, and data center energy demand. Dec 5: High-level roundtable with fireside chats featuring industry leaders. Initiative: Launch of "Energy for AI & AI for Energy" to assess AI's implications in the energy sector. Outcome: Contributions to the IEA's forthcoming Special Report on Energy and AI. The discussions and insights shared will undoubtedly shape the future of energy and AI. Excited to see the innovations and collaborations that will emerge from this initiative! #EnergyAI #AI #EnergySector #Innovation #IEA

See yourself or your company using AI in the future? Care about doing it without increasing your carbon footprint? For anyone interested in this emerging problem that needs to be solved, register for this presentation tomorrow (July 10) to learn from some of our top folks! Mark Gibson, looking forward to learning from y'all and go Dawgs! KPMG Energy, Technology and Renewables Leaders Angie Gildea, Mark Gibson, and Mike Hayes as they discuss soaring energy demand due to GenAI's increasing popularity and realistic steps energy and tech companies can take to solve for this. Click below to register to attend the live discussion. https://dy.si/frZmEq