Artificial Intelligence Will Revolutionize Energy, Earning Billions For Investors

As the world is anticipating the end of the COVID-19 pandemic, energy consumption in industry and services is likely to grow. In the longer term, the developing world will increase its energy utilization, leading to growth of global primary energy demand by of 0.4% – 0.6% per year, or a 25% increase by 2050. According to scenarios calculated by energy giant Total SE, massive electrification of transportation will lead to decarbonization, and will require a rapid growth in renewables as a source of electricity.

This energy transformation will see an explosion of growth in Artificial Intelligence (AI) utilization in the sector – up 50% between 2020 and 2024 – to allow smart, 21st century grids to become the gold standard, gradually replacing the “dumb” grids laid down in the late 19th – early 20th century in Europe, North America, Japan, China and beyond.

The grid is a meta-system of generation facilities, be it nuclear, gas, coal, solar, wind, and hydro, connected by high voltage wire networks to transformers, and then to sub-stations and individual buildings, households, and apartments. Today, ambitious projects are in the works to provide electricity thousands of miles from the point of generation, for example, from Australia to Singapore via the ‘suncable.’ But transporting energy over long distances is a tricky, inefficient business. AI can help remedy that.

The leading trend in optimizing energy distribution and storage utilizing AI will become Energy Management Systems (EMS) connected to Internet of Things (IoT). The IoT allows for remote control of systems, consumption monitoring, data collection and analysis, and, with the help of AI, decision making: where to send energy, which generating capacity to switch on and off, how much energy to store, etc. New systems will utilizes smart sensors and meters to collect terabytes of information, and exploit massive cloud computing capacity and AI algorithms to process vast data into usable decisions. The market value of energy management systems is anticipated to exceed $45 billion by 2026.

According to the recent Global Artificial Intelligence in Energy Market 2020-2024 report, companies leading technological development and implementation in the energy AI sector include:

  • Alphabet Inc. (AI)
  • IBM Corporation
  • General Electric Co.
  • Intel Corp
  • Mitsubishi Hitachi Power Systems Ltd.
  • Microsoft Corp.
  • Cisco Systems Inc.
  • Siemens
  • Tata Consultancy Services Limited
  • Mitsubishi Electric Corporation
  • Honeywell International Inc.

This transformation leads to explosive market capitalization. In the energy management market alone, AI experts anticipate value growth of 300% between 2018 and 2025, from $4.5 million in 2018 to $12.2 billion in 2024. Between 2020 and 2024 the sector will grow by over $8 billion. This is 48 percent growth over the next 4 years, mostly in the utility sector.

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Steven Jackson, Oregon State Beavers great, fulfills promise to mom by earning college degree after NFL career

When Steven Jackson declared for the NFL draft in 2003 after a record-setting three-year career at Oregon State, he made a promise to his mother: It would not stop him from earning a college degree.

Seventeen years later, Jackson finally fulfilled the promise.

The Beavers great on Tuesday revealed on social media that he had earned his college degree from Oregon State, sharing a touching video of the moment his mother learned the news.

“Is this it?” she shouted, laughing and celebrating, as she opened what appeared to be a present with Jackson’s diploma. “Oh, Jesus!”

A few seconds later, Jackson held his diploma for his mother to read as she soaked up her son’s accomplishment.

“They put your whole name it,” she said, eliciting a round of laughter from Jackson. The two hugged and she repeatedly thanked him.

Jackson is one of the most accomplished athletes in Oregon State history, rushing for 3,625 yards and scoring 39 touchdowns from 2001-03. He was selected by the St. Louis Rams with the No. 24 overall pick of the 2004 draft and went on to play nine seasons with the organization, rushing for 10,138 yards — the most in franchise history — while earning three Pro Bowl selections.

He went on to play parts of three more seasons with the Atlanta Falcons and New England Patriots before retiring in 2015 with 11,438 rushing yards, 3,683 receiving yards and 78 total touchdowns. He was later inducted into the Oregon Sports Hall of Fame.

In December 2016, Jackson announced on his website that he was returning to Oregon State to finish his degree and that he would be switching his major from architecture to human development and family science. He said he hoped to eventually mentor “young people in and around the communities that I live in.”

“Since my last game with the Patriots, I decided to dive in and really get back into school, and to fulfill a promise that I made to my parents to (finish) my college degree,” Jackson wrote. “I left Oregon State in 2003 when I was a junior, midway through the year. I was actually on course to graduate the following winter, which would have been a little early. But the NFL had me projected as a first-round talent going into the draft, and the chance to make that dream a reality was one I couldn’t pass up.

“My parents didn’t have a chance to get college degrees, but they were really sticklers on education. There would be instances where my dad wouldn’t let me go to football practice if I didn’t have homework done, and those kinds of things stuck out in my head. When I decided that I would give the NFL a shot, I didn’t know that 12 years would pass, or that I would have a long, successful career. But I wanted to take advantage of the opportunity and I promised that I would always go back. I don’t think you ever get too

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