, 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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