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By Nathan Allen
Enel SpA (ENEL.MI) is expanding its collaboration with artificial-intelligence software developer C3, in one of the latest examples of power companies turning to AI to manage the large volumes of data they generate through their networks.
California-based C3 said Tuesday it will start to provide Enel with a range of smart-grid analytics applications that will allow the Rome-based company to integrate data across multiple business lines.
The two companies have already developed algorithms that analyze Enel's network data and generate millions of predictions a day to increase the speed and accuracy of Enel's operational decision-making, C3 President Ed Abbo said.
Utilities and grid operators are increasingly turning to artificial intelligence to manage the large volumes of data they generate through their networks. The technology helps operators manage load forecasting, balance supply and demand across the grid and schedule maintenance
The head of Enel's infrastructure & networks digital hub, Fabio Veronese, said the collaboration with C3 lets the power company "harness innovative business processes enabled by big-data analytics, unleashing a new era of operational efficiencies that strengthen our position as leader of the energy transition."
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(END) Dow Jones Newswires
January 22, 2019 09:07 ET (14:07 GMT)
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