- As a technology breakthrough, AI is recognized as a powerful ally along the entire energy value chain for a cleaner, safer, more sustainable future
- AI benefits span all areas: plant design, operation and predictive maintenance, grid management and safety; It provides flexibility to the electricity system and helps it to become more sustainable
- Turbo Energy aims for international expansion with its advanced AI-driven Sunbox, optimizing residential solar energy usage and planning to enter industrial and commercial markets
Turbo Energy (NASDAQ: TURB), a NASDAQ-listed European innovator designing, developing, and manufacturing photovoltaic energy generation, management, and storage equipment, stands to benefit as the world rushes to find solutions to urgent environmental challenges. Global warming intensifies as human activities continue to pump greenhouse gases into the atmosphere. Burning fossil fuels, deforestation, and poor industrial, livestock, and agricultural practices contribute to over 40 billion metric tons of carbon dioxide emissions, a new global record hit in 2022. This alarming trend triggers environmental consequences extending beyond rising temperatures (https://ibn.fm/5o5nn).
Today’s energy model requires a fundamental shift known as energy transition, and artificial intelligence (“AI”) technologies are essential for this transformation throughout the energy value chain. In the sector, AI has emerged as a key technology from the initial stages, even before any energy is produced. For example, when determining suitable sites for wind or solar plants, AI provides valuable insights into resource availability, plant efficiency, and potential risks related to soil characteristics or extreme weather events.
Once a renewable plant is built and the power starts being generated, AI optimizes renewable energy production, prevents outages, and substantially reduces costs and plant downtime through predictive monitoring deployed to forecast plant failure risk.
Recent AI breakthroughs also help energy companies balance power supply and demand dynamically, manage distributed energy resources, and lower consumer bills. Because AI can provide more accurate and reliable weather forecasts, it generates better estimates of the expected renewable energy production. For example, Open Climate Fix’s transformer-based models trained on satellite data have improved predictions of solar energy generation in the U.K. by threefold, reducing reliance on fossil fuels (https://ibn.fm/MaSH8).
Upon production, electricity requires transportation and distribution. Smart grids, or those powered by AI, are more flexible, efficient, and reliable as they cross-reference forecasts of the volumes that can be generated by wind and solar plants with AI-generated estimates of demand (https://ibn.fm/BrFsV). Managing electricity storage, a key component to compensate for the intermittency inherent in renewables, becomes more effective. Reducing generation costs makes renewables more competitive, benefiting both customers and the environment.
In industrial facilities, it identifies areas for energy efficiency improvement and helps prevent environmental risks by detecting abnormalities in real time. Combined with robots and drones, AI enables safer, more efficient, and more effective inspections in environments previously deemed difficult.
Boasting cutting-edge products labeled as “the market’s most advanced AI-driven energy management system,” Turbo Energy makes no secret of its ambitious goals. In this dynamic landscape of AI-driven green energy, the company aims to position itself as a key player with a bold mission “to protect the world from energy and economic crises.” Turbo Energy recently released its flagship product, Sunbox, an all-in-one device for residential solar installations powered by AI capable of connecting to everything. Sunbox’s software analyzes energy data, optimizes battery usage, reduces bills, and provides peak-use reduction and uninterruptible power supply functions. With the 2023 launch of higher-power Sunbox models, Turbo Energy plans to expand Sunbox internationally into industrial and commercial markets.
For more information, visit the company’s website at www.Turbo-e.com.
NOTE TO INVESTORS: The latest news and updates relating to TURB are available in the company’s newsroom at https://ibn.fm/TURB
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