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AI Fund & AES partner to co-build AI energy startups

It’s an exciting day for AI Fund, as we celebrate our strategic partnership with The AES Corporation! This partnership is aimed at accelerating energy transition through AI. Together, we will co-build companies that put AI to work to address today’s energy challenges and power a greener, smarter future. 

“Under Andrés Gluski’s visionary leadership, AES is a major force in the US energy infrastructure’s transition to renewables. AI, itself a significant contributor to energy demand, has an important role to play to support this transition. I am thrilled to have an opportunity for AI Fund to participate in projects that will drive significant efficiencies in the production, transmission, and consumption of energy,” says Andrew Ng.

Combining AES’ deep industry knowledge and track record of innovation with AI Fund’s expertise and resources in artificial intelligence, creates a special opportunity to address challenges posed by the rapid increase of load-consuming assets and the rising global electricity demand.

AES and AI Fund companies will build AI-driven solutions that deliver next level outcomes for customers while improving sustainability and resilience across the industry. The co-build collaboration aims to address bottlenecks in the energy transition, with an initial focus on several opportunities, such as:

  • Renewables and battery management: utilizing AI to more accurately predict scenario planning across millions of pieces of connected equipment.
  • Worksite safety: improving energy industry worker safety practices.
  • Community impact: enabling the sector to increase their positive impact on the communities and the environment in which they operate.

We are excited about the potential of this collaboration to accelerate the transition to a greener, smarter future powered by AI. By leveraging the strengths of both organizations, we are confident that we can deliver next-level outcomes for a more sustainable energy ecosystem.

WRITTEN BY

Dan Landau