Is AI the New Crypto When It Comes To Energy Consumption?

Renewable Energy SmartPod

This episode will put you ahead of the curve on some key conversations taking place these days in the renewables sector.
Numerous companies are striving to match their energy consumption – on a daily, intraday or evenly hourly basis – with renewable energy sources. It’s an ambitious goal, so today's guests are Gridmatic Founder and CEO Matt Wytock and VP of Business Development David Miller. Their team leverages artificial intelligence to make that matching a reality.

And speaking of AI … the rise of ChatGPT and other generative AI solutions has propelled the technology to the top of the headlines. Not a day goes by when we don’t hear about how some company is using AI in a new way … or how many jobs AI is going to make obsolete. But you know what we don’t hear much about? How much energy it takes to power the computers that are cranking thru those AI algorithms. In fact, This story arch is eerily similar to cryptocurrency. Crypto had been on the scene for a while before people started asking hard questions about how much energy all those crypto mining computers were pulling from the grid. AI is no different.
Matt and David are going to share their insights on how AI can help solve an energy consumption conundrum created by the popularity of AI.
We will also discuss developments in the market for Renewable Energy Certificates (RECs) and the impact the Inflation Reduction Act has had on the entire energy industry.

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