The consumption of electricity has to be perfectly matched with the generation of electricity at all times to ensure a stable and safe supply. Energy storage can help stabilize fluctuations in demand and supply by storing excess electricity and releasing it when the demand is high thus improving energy efficiency. This is particularly evident in case of renewable energy generation such as solar and wind because of their inherent intermittency of power generation - the power is generated only when there is plenty of sun and wind but this does not always coincide with the demand in the electric grid.
Artificial Intelligence (AI) is everywhere. It recognizes our face to unlock our smartphones, it helps us to find our favorite product in an online shop, and it is even in our washing machines! It is no surprise then that AI has found its way also to the energy sector – it can forecast electricity demand, consumption and cost, detect problems in energy systems, and many more.