NYPA to Fund 20 AI Firms with €8.4 Million to Achieve Energy Goals

The New York Power Authority has decided to leverage AI to advance a host of smart grid, smart energy and customer service programmes by funding 20 AI firms with €8.4 million

A view of the NYPA’s headquarters in New York, America. Credit: Steve Carrea, Public Domain via Wikimedia Commons

A view of the NYPA’s headquarters in New York, America. Credit: Steve Carrea, Public Domain via Wikimedia Commons

The New York Power Authority has decided to leverage artificial intelligence to advance a host of smart grid, smart energy and customer service programmes. The NYPA has finalised on 20 AI technology companies which will now submit their proposals to leverage data analytics to optimise the management of energy generation and transmission assets. On approval of their contracts, companies will receive approximately €8.4 million to advance the NYPA’s clean energy transition and climate action goals.

In addition to optimisation, the NYPA is betting that artificial intelligence and machine learning will enable it to enhance its customer experience. Other objectives include using real-time data to manage its grid network and deploying new equipment efficiently. This initiative is being launched under the NYPA’s Advanced Grid Innovation Lab for Energy.

NYPA is expecting that approved projects will help improve consumer energy efficiency and savings through access to real-time data regarding consumption and improve the integration of solar/storage projects with the grid, as well as the utility’s resilience and response to cyber threats. The projects are in line with NYPA’s VISION2030 strategic plan that aims to optimise assets and operations and help customers stay ahead of the evolving energy landscape.

NYPA has over the past years invested heavily in the deployment of smart sensors across its network and in the establishment of three digital hubs, namely; the Integrated Smart Operations Center, New York Energy Manager and the Advanced Grid Innovation Lab for Energy. Technologies to be deployed by the 20 companies will enable the utility to enhance the management of data sourced from the three hubs.

Gil C. Quiniones, NYPA president and CEO, said: “NYPA is well on its way to being an end-to-end digital utility. By using our asset data in the smartest ways, coupled with the expertise of our technology partners, we will be able to continue to focus our resources on leading the transition to a carbon-free, economically vibrant New York, powered by affordable, clean and reliable electricity.”

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