Top Artificial Intelligence in Energy Companies

The global AI in energy market size is projected to grow from USD 8.91 billion in 2024 to USD 58.66 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 36.9% during the forecast period. The power grid is one of the largest machines ever built. Despite its size and complexity, grid planners must continue to shape the growth of the power grid to ensure that every user can connect to the power grid, that sufficient generation exists to meet load, and that generation can reach loads. Achieving a fully clean power grid will necessitate substantial investments in new infrastructure, encompassing both additional clean energy generation and the expansion of distributed energy systems. Artificial intelligence can potentially reduce the extent of new infrastructure development required to attain a 100% clean grid by optimizing underused assets, enhancing coordination and efficiency in new infrastructure projects, and synthesizing the extensive and varied technical data essential for this transition through advanced foundational models.

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Top Artificial Intelligence in Energy Companies include

• Schneider Electric SE (France)
• GE Vernova (US)
• ABB Ltd (Switzerland)
• Honeywell International (US)
• Siemens AG (Germany)

Schneider Electric SE (France), GE Vernova (US), ABB Ltd (Switzerland), Honeywell International (US), Siemens AG (Germany), AWS (US), IBM (US), Microsoft (US), Bidgely (US), Oracle (US), Vestas Wind Systems A/S (Denmark), Atos zData (US), C3.ai (US), Tesla (US), Alpiq (Switzerland), Enel Group (Italy), Origami Energy (UK), Innowatts (US), Irasus Technologies (India), Grid4C (US), Uplight (US), GridBeyond (Ireland), eSmart Systems (Norway), Ndustrial (US), Datategy (France), Omdena (US), Avathon (US), Iberdrola (Spain), Constellation (US), and Jinko Solar (China). The market players have adopted various strategies to strengthen their AI in energy market position. Organic and inorganic strategies have helped the market players expand globally by providing energy solutions & services.

Schneider Electric SE

Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management. Schneider Electric offers AI-driven energy solutions for homes and industries. Its Wiser Home platform optimizes household energy consumption using machine learning. Additionally, its EcoStruxure Platform enhances industrial energy efficiency, sustainability, and productivity. Schneider Electric partnered with Ooredoo Qatar to collaborate on digital transformation projects. The partnership will incorporate innovative technologies such as cloud computing, artificial intelligence (AI), and eco-friendly data centers, enhancing efficiency and sustainability in sectors like utilities, healthcare, energy, and infrastructure.

GE Vernova

GE Vernova Inc. is an energy equipment manufacturing and services company. GE Vernova offers innovative solutions in the energy segment, integrating AI and digital technologies. The solutions include Autonomous Inspection, AI/ML tools, and CERIUS for optimized asset performance, emissions reduction, and compliance. GE Vernova and the US Department of Energy collaborated to develop an AI Assistant for permitting and training for hydrogen deployment. GE Vernova will lead a project team named H2Net, including Clemson University and Roper Mountain Science Center. As part of this initiative, H2Net will develop an AI Assistant that is trained specifically on the relevant, critical documents for safe H2 handling and permitting.

Siemens AG

Siemens AG is a German multinational technology company. It provides solutions & services across industrial automation, distributed energy resources, rail transport, and the health technology segments. Siemens offers AI-powered solutions in energy through tools like the Hydrogen Plant Configurator and advanced automation systems. The configurator uses generative AI to streamline hydrogen plant design, providing detailed layouts and predicting key metrics. Its energy automation solutions integrate IoT, digital twins, and data analytics to enhance energy protection, communication, and operational efficiency. SparkCognition and Siemens partnered on a cybersecurity system, DeepArmor Industrial, fortified by Siemens, which is designed to protect endpoint, or remote, operational technology (OT) assets across the energy value chain by leveraging artificial intelligence to monitor and detect cyberattacks.

ABB Ltd

ABB Ltd, a Switzerland-based global technology company, leverages artificial intelligence (AI) in the energy market to enhance efficiency, reliability, and sustainability in power systems. Through its AI-driven solutions, ABB enables predictive maintenance, smart grid management, and energy optimization across industrial and utility sectors. The company integrates AI into its digital platform, ABB Ability™, which supports advanced data analytics, machine learning, and automation to help clients optimize energy usage, reduce downtime, and improve operational decision-making in real time. ABB's initiatives in AI align with its broader mission to drive the transition toward more intelligent and sustainable energy systems.

Honeywell International

Honeywell International Inc., a U.S.-based multinational, is actively integrating artificial intelligence (AI) into the energy sector to enhance operational efficiency, reliability, and sustainability. Through its Honeywell Forge platform, the company offers AI-enabled solutions like Forge Performance+ for Utilities, which utilizes machine learning and digital twin technologies to improve grid asset management and enable automation processes such as demand response and distributed energy resource management . Honeywell's Experion Operations Assistant incorporates explainable AI to assist plant operators in identifying production issues and providing step-by-step guidance, thereby optimizing operations and accelerating workforce expertise . Collaborations with companies like Qualcomm further bolster Honeywell's AI capabilities, enhancing connectivity and data analytics at the edge to support smarter, more autonomous energy operations.

Market Ranking

The AI in energy market is highly competitive, with five main players collectively holding 48-53% of the total market share. Schneider makes significant investments in research and development into AI and digital technologies, emphasizing partnerships with technology companies and start-ups, to grow the company's AI capabilities. GE Vernova uses AI to develop renewable energy technologies, such as wind and hydro, to optimize efficiency and reduce operating costs. GE Vernova is developing digital twin technology for power plants, which improves operational efficiency and lowers carbon emissions. ABB combines Al with robotics and automation, offering robust solutions for grid management, renewable energy integration, and industrial energy efficiency. Honeywell is applying AI and IoT for its building automation and energy management components. Siemens is allocating significant resources toward AI and IoT technologies to enhance its product and service offerings.

Related Reports:

Artificial Intelligence in Energy Market by Application (Energy Demand Forecasting, Grid Optimization & Management, Energy Storage Optimization), End Use (Generation, Transmission, Distribution, Consumption) - Global Forecast to 2030

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