Across the globe, renewable energy’s momentum is converging with rapid technological advancement. In the United States alone, wind and photovoltaic (PV) solar generation are expected to see annual increases of 6GW and 35GW, respectively, with power generation from these sources projected to reach 2,476TWh and 2,090TWh by 2024. Falling technology costs, favorable policies, and rising energy prices are making renewables an increasingly attractive alternative to fossil fuels.[1]

However, challenges remain. Can renewables scale to meet the growing global energy demand? What about the issue of intermittency, which affects wind and solar power? The long-term success of the energy transition hinges on the ability of cutting-edge innovations to address these issues. The following five technologies are already showing great promise in doing just that.

Artificial intelligence (AI) has evolved far beyond the industry buzzword phase, becoming a vital tool in the transition to sustainable energy. AI’s advanced forecasting capabilities enable it to optimize renewable energy generation by matching output with demand, using a combination of historical data and real-time weather information to predict production patterns with remarkable accuracy.

For instance, energy multinational Iberdrola has developed an AI-based system called MeteoFlow, which uses machine learning to forecast weather patterns and their impact on energy output. This allows Iberdrola to align plant production with energy demand more effectively, reducing waste and improving efficiency. Germany’s RWE also harnesses AI to optimize its wind farms, analyzing weather variables and adjusting operations to maximize capacity.

The rise of AI in the energy sector is evident in patent activity. Since 2017, filings related to AI technologies in energy have surged, with 26,355 patents filed in 2023 alone. This surge reflects AI’s growing importance in the renewable energy ecosystem.

<em>AI’s growing role in the energy sector is reflected in a patent boom over the past decade. Source: GlobalData.></em>

AI’s growing role in the energy sector is reflected in a patent boom over the past decade. Source: GlobalData.>

Impact: For businesses and consumers alike, AI promises a more reliable and cost-effective energy supply, helping to stabilize energy prices and reduce inefficiencies across the grid.

With the increasing reliance on renewable energy comes the need for maintaining vast and complex infrastructure. Predictive maintenance is emerging as a crucial tool, enabling a proactive approach to equipment upkeep. Through real-time monitoring and advanced analytics, predictive maintenance helps forecast potential issues before they become major problems, thereby reducing downtime and improving operational efficiency.

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