AI-POWERED REINFORCEMENT LEARNING TRANSFORMING ENERGY AND RENEWABLES SPACE

| October 5, 2019

article image
Artificial Intelligence has created a great hype in recent years. In some industries it is living up to it but its deployment in certain industries has been less touted. As it stands now, AI algorithms fuel the transport apps like Uber and Waze, digital assistants, commercial flights’ autopilot and many more. The impact of AI in energy efficiency and renewables has not been lauded enough. The technology is accelerating the value of wind and solar generation, energy storage and other areas through ML. In fact, Reinforcement Learning (RL) is one popular technique that is yielding impressive benefits in the energy space. Through a dual approach of dataset training to optimize performance and mathematical function approximation to optimize solutions, reinforcement learning builds efficient algorithms to excels in large, complex decision spaces where restrictions and payoffs can be modelled.

Spotlight

Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. (OTC BB: SNRY) is a catalyst for the entire solar value chain. Our diversified portfolio of businesses connect manufacturers, the building trades and energy consumers. We are dedicated to advancing the solar economy through awareness, training, supply chain services and direct capital projects. We help small businesses enter the fast-growing solar economy. We connect buyers and sellers bringing global manufacturers to market through indirect and direct distribution channels. We source, execute and manage large-scale solar projects driving demand, creating jobs and generating energy for a variety of commercial and government interests.

OTHER ARTICLES

What the Renewables Industry Wants From the Next Stimulus Bill

Article | April 1, 2020

The U.S. renewables industry was left out of the $2.2 trillion coronavirus stimulus bill passed last week, but the battle is far from over. Congress is already considering further legislation to rescue the economy from the ravages of the COVID-19 pandemic, and renewable energy groups are ready to bring their proposals back to the table. As with the last stimulus bill, the industry's plans center on securing changes to two federal policies: the Investment Tax Credit (ITC) for solar power and the Production Tax Credit (PTC) for wind power. Renewables groups have a powerful claim to make as they push for those changes: Unlike many of the industries seeking hundreds of billions of dollars in collective aid, the desired tweaks to the renewable tax credits would not add significantly to the federal government's costs.

Read More

The direct and indirect impact of AI on sustainable growth

Article | April 1, 2020

The propagation of artificial intelligence (AI) is making a significant impact on society, changing the way how we work, live, and communicate. AI today is allowing the world to diagnose diseases and develop clinical pathways. It is also being used to match individuals’ skill sets with job openings and create smart traffic that leads to the reduction of pollution. There are many examples of applying AI technologies in the sustainable growth of the planet and organisations. It is time to solve some of the world’s biggest problems with emerging technologies such as AI.

Read More

How to plan for a safer and smarter energy storage market?

Article | April 1, 2020

According to DNV GL’s 2019 Energy Transition Outlook, the combination of storage for the grid and storage available in vehicle-to-grid systems will exceed 40 TWh in 2050 worldwide. Storage and in particular battery solutions will help propel the transition to a decarbonized, electrified energy future. The energy storage market presents a tremendous opportunity for project developers and lenders worldwide. The drivers are clear and global: the rapid electrification of the transport, buildings and manufacturing sectors, the need for smooth integration of variable renewables, whether for a wind farm or industrial solar systems, and financial flexibility for both providers and customers.

Read More

Why attracting new talent to the renewable energy industry matters now

Article | April 1, 2020

With a global pandemic in full swing, climate change is no longer the main emergency hitting the news. As countries all over world have introduced social distancing and isolation restrictions to limit the spread of the virus, carbon emissions have dropped as non-essential sectors have ceased their usual activities and travel has reduced as people stay at home. One estimate indicates that greenhouse gas emissions in Europe will drop by a staggering 24.4% this year, which equates to 388.8 million tons less carbon. We have seen a global drop in carbon emissions before following the most recent major financial crisis, however we must not forget that this was quickly followed by a 6% increase in global emissions in 2010.

Read More

Spotlight

Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. (OTC BB: SNRY) is a catalyst for the entire solar value chain. Our diversified portfolio of businesses connect manufacturers, the building trades and energy consumers. We are dedicated to advancing the solar economy through awareness, training, supply chain services and direct capital projects. We help small businesses enter the fast-growing solar economy. We connect buyers and sellers bringing global manufacturers to market through indirect and direct distribution channels. We source, execute and manage large-scale solar projects driving demand, creating jobs and generating energy for a variety of commercial and government interests.

Events