Climate Rising Using AI to Optimize Energy Demand
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Nov 20, 2024 Pasi Miettinen, CEO of Sagewell, discusses how his company employs AI to optimize energy demand, which benefits both utilities and consumers. He highlights how their technology efficiently reduces peak electricity usage, lowering costs and mitigating environmental impact. Pasi explores the importance of smart data analytics in identifying energy-saving opportunities and the challenges within the utility sector. He shares insights on balancing financial viability with climate goals and offers career advice for aspiring professionals in AI and clean energy.
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Career Path
- Pasi Miettinen, CEO of Sagewell, initially worked as a load forecaster and then in finance.
- He returned to the energy sector to improve energy efficiency programs.
Peak Load Economics
- Peak load, the maximum electricity demand, drives energy infrastructure investment.
- Utilities lose money during peak hours due to high energy procurement costs but make up for it with higher prices during off-peak times.
Shift to Electrification
- Sagewell initially focused on energy efficiency but shifted to electrification for greater impact.
- They discovered that electrification through EVs and heat pumps yielded better carbon reduction.