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The AES Corporation (AES) announced a strategic partnership with AI Fund, a venture studio, through which the companies will collaborate on co-building companies that leverage AI for energy transition solutions.
“AES has a history of partnering with industry leaders to bring innovation to the energy sector,” said Andrés Gluski, AES President and CEO.
“Our collaboration with AI Fund exemplifies this strategy. By combining our expertise of the power sector with AI Fund’s expertise in artificial intelligence, we are uniquely positioned to lead the energy transition with AI-powered innovations that will benefit not only our portfolio but the entire industry.”
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The co-build collaboration aims to address bottlenecks in the energy transition, with an initial focus on several opportunities, such as:
- Renewables and battery management: utilizing AI to more accurately predict scenario planning across connected equipment.
- Worksite safety: finding areas for improvement in energy industry worker safety practices.
- Community impact: aiming to enable the sector to increase their positive impact on the communities and the environment in which they operate.
“Under Andrés Gluski’s visionary leadership, AES is a major force in the US energy infrastructure’s transition to renewables,” said Andrew Ng, Managing General Partner of AI Fund.
“AI, itself a significant contributor to energy demand, has an important role to play to support this transition. I am thrilled to have an opportunity for AI Fund to participate in projects that will drive significant efficiencies in the production, transmission, and consumption of energy.”
Originally published by Sean Wolfe on Power Grid International.
