Schneider Electric launches AI-based grid resilience tool with AiDash.
French power giant Schneider Electric has launched an AI-based grid resilience tool with technology form one of its portfolio companies, AiDash in the US.
The tool addresses modern day infrastructure and environmental challenges, such as aging power grids, decarbonization and distributed power generation, vegetation growth inside rights-of-way, and the impact of storms and wildfires.
Last year the venture arm of Schneider, SE Ventures, led a $10m investment in AiDash, to drive climate resilience for utility assets. The funding is supporting AiDash’s satellite and AI-powered vertical SaaS products.
Nearly 70% of the US grid is more than 25 years old, so grid resiliency is more important than ever. Modernizing the nation’s power grid is necessary to ensure it can endure intensifying natural disasters as climate change worsens and accommodate renewable energy sources.
AiDash and Schneider Electric’s grid resilience tool helps improve data accuracy for safety, optimize asset maintenance and capital investments and forecast natural disaster outages
“With growing natural disasters in today’s world, it’s essential to leverage several types of technology to prevent power outages, predict future outcomes, and build climate resilience,” said Abhishek Singh, co-founder, and CEO of AiDash. “Our partnership with Schneider Electric enables customers to leverage Schneider Electric’s asset management and our vegetation management capabilities to help utilities better understand resilience issues and detect ways to tackle them based on real-time data and insights.”
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The grid resilience offering adds to AiDash’s list of products that leverage satellites and AI to help customers make more data-driven decisions. Its Intelligent Vegetation Management System (IVMS) helps utilities balance reliability, sustainability, and cost. The Disaster and Disruption Management System (DDMS) forecasts storms, wildfire outages, and damages to plan quickly and restore safely for utilities as well as energy companies, governments, and cities. The system works in near real-time before, during, and after a major natural disaster or extreme event.
“Utilities face challenges on multiple fronts: outdated infrastructure, increasing energy demands and the integration of clean energy, all while facing more extreme weather events. The most noticeable effect has been a 64% increase in power outages with the majority linked to weather and vegetation. AiDash’s satellite and AI-powered solutions are providing utilities an advantage to overcome these hurdles,” said Alexis Grenon, SVP Digital Grid, Schneider Electric. “We are excited to work with AiDash to provide a joint solution that helps utilities increase reliability of the grid while addressing the challenges of the new energy landscape.”
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