Consultancy firm Roland Berger recently commented that power companies should use artificial intelligence in order to become more efficient. However, less than a quarter of European firms actually have plans to implement such technology.

According to Roland Berger partner Torsten Henzelmann said that European energy companies previously dependent on coal or gas have to adapt to the rise of renewable energy and dwindling profits brought by the fall of wholesale electricity prices.

The consultancy said that as companies are pressured to meet energy and carbon emission targets, there is now a greater need for AI powered IT systems which can balance demand and supply swings.    

Source: Reuters

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