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Veritone brings AI expertise and leadership to industry organizations to help its members solve complex challenges brought about by the rise of renewable energy, new legislation, and global decarbonization efforts
Wei Litong Company. (Nasdaq:data), the creator of a hyper-expanded enterprise artificial intelligence platform aiWARE, today announced that it has joined Smart Power Alliance (SEPA) with Utilities Analysis Institute (UAI), Leading industry organizations focus on the transformation of public utilities. As a member, Veritone will use its strong artificial intelligence leadership and deep machine learning expertise to help public utility decision makers solve the complex challenges brought about by the rise of renewable energy, new legislation, climate change, and global decarbonization .
Sean McEvoy, senior vice president of Veritone Energy Solutions, said: “Like many other industries, utility decision makers and organizations such as SEPA and UAI recognize the game-changing capabilities of artificial intelligence, machine learning, automation, and analytics.” Federal Energy Regulatory Commission (FERC) Decree No. 2222 The promotion of competition in the wholesale energy market took effect in February 2022, and now is the best time for Veritone to join these forward-thinking organizations. With our artificial intelligence-driven energy solutions, we can quickly realize our collective mission to make electricity transmission more environmentally friendly, cheaper and more reliable as the country transitions to a decarbonized future. ”
Globally, we are undergoing an energy transition, from fossil-based energy production and consumption systems to renewable energy. However, unreliable green energy, new forms of energy storage and energy supply, and demand imbalances may affect customer satisfaction and company profitability. As the complexity of power systems grows exponentially, utility companies will find it increasingly challenging to maintain daily reliability and resilience to multiple types of grid outages.
“Artificial intelligence is critical to solving the increasingly complex systems of energy production, transmission, storage, and distribution in a net-zero-carbon economy,” said Julia Hamm, President and CEO of SEPA. “We are very happy to welcome Veritone and its energy solutions to the SEPA community because we work together to achieve a carbon-free energy system…
The full story can be found on Benzinga.com
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