On March 18, 2024, the energy and utility sector in the Asia-Pacific region is increasing its investment in artificial intelligence and digital technologies to tackle the challenges posed by rising energy consumption and the integration of renewable energy sources.
The demand for energy in the region is on the rise due to industrial development, population growth, the proliferation of data centers, cryptocurrency mining, and the increasing sales of electric vehicles.
Over the next decade, the region is expected to invest more than three trillion dollars in power generation, with utilities adopting digital solutions to strengthen the grid and integrate renewable energy sources.
Artificial intelligence-powered tools are optimizing wind and solar farms and improving energy management through the analysis of consumption patterns. AI-enabled buildings, such as smart lighting systems, enhance energy efficiency, while cybersecurity defenses are being strengthened to counter growing network and data threats.