Itron Report Highlights AI's Role in Utilities

Itron, Inc. has released its 2024 Resourcefulness Insight Report, highlighting the critical role of artificial intelligence (AI) and machine learning (ML) in addressing operational challenges faced by utilities amidst growing electricity demand driven by data centers, new construction, and sustainability initiatives. The report indicates that 86% of utility executives recognize AI and ML as essential technologies for maintaining grid reliability and safety. As the utility sector grapples with the need to significantly expand grid capacity over the next two decades, strategic investments in technology are deemed necessary. Meanwhile, discussions on AI's impact in Africa emphasize the need for responsible development to harness its potential for inclusive economic growth. The International Energy Agency (IEA) predicts that AI's energy consumption will match Japan's total by 2026, further stressing the urgency for utilities to adapt. Overall, the integration of AI is seen as pivotal for both operational efficiency and meeting future energy demands.