The global energy sector is going through a paradigm shift in the way it produces and distributes power. There is a massive demand for reliable, clean, and cost-effective energy, and AI (artificial intelligence) is bound to play a vital role in meeting this future global demand.
Prevailing Limitations of Renewable Power
While it is clear that solar, wind, nuclear, and hydroelectric energy will gradually replace the traditional coal-fired power plants, one of the current hurdles in this path is the inconsistency and unpredictability of renewable power.
Costs for electricity converted from solar and wind energy could drop as much as 59 percent by 2025, according to a report recently published by the International Renewable Energy Agency.