Getty
Industryweek 24748 Electric Tower 1 0
Industryweek 24748 Electric Tower 1 0
Industryweek 24748 Electric Tower 1 0
Industryweek 24748 Electric Tower 1 0
Industryweek 24748 Electric Tower 1 0

GE Working on Robot That It Says Can Save $200 Billion of Power

Sept. 19, 2017
The technology would optimize how electricity flows in and out of storage devices such as batteries and points of consumption, in real time.

General Electric Co. is working on a way to use artificial intelligence in electricity grids, a technology that it expects will save $200 billion globally by improving efficiency.

“We’re also putting a lot into the machine learning side, a lot,” said Steven Martin, chief digital officer at GE’s energy connections business, at an interview at the Bloomberg New Energy Finance summit in London. “We have a lot of people working on this.”

The technology would optimize how electricity flows in and out of storage devices such as batteries and points of consumption, in real time. This is expected to significantly increase the efficiency of the grid and save consumers money.

Researchers are looking into how so-called machine learning can be integrated into businesses from healthcare to computing, and now energy. The industry is going through rapid changes as everything from power plants to home electricity systems move towards digitization.

“This is an industry that needs infinite disruption,” Martin said. He worked at a number of start-ups in Silicon Valley and Microsoft Corp. before joining GE last year.

GE is currently filing a number of patents on the technology.

 By Anna Hirtenstein

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!