Artificial intelligence in energy to reach $58.66bn by 2030

The global artificial intelligence market applied to the energy sector is expected to grow at an annual rate of 36.9% between 2024 and 2030, according to a report published by MarketsandMarketsâ„¢ on April 22.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The artificial intelligence (AI) market applied to energy is projected to grow from $8.91bn in 2024 to $58.66bn in 2030, according to a study published by the research firm MarketsandMarketsâ„¢. This rapid growth is driven by the increasing adoption of automated solutions in energy management, distribution, and forecasting.

Grid management emerges as the main application of AI in energy

According to the report, the grid optimisation and management segment is expected to hold the largest market share over the forecast period. AI enables real-time analysis of vast amounts of data to detect inefficiencies, forecast demand, and balance loads to avoid overloads and outages. This automation reduces transmission losses and strengthens infrastructure resilience.

Artificial intelligence also facilitates the integration of renewable energy sources into existing grids. Through dynamic regulation and accurate forecasting, operators can respond quickly to disruptions. The report highlights AI’s role in modernising infrastructure toward smart grid systems.

Electricity distribution sees fastest growth

The distribution segment is projected to experience the fastest growth through 2030. AI is used to optimise electricity delivery, reduce losses, and improve network reliability. Real-time monitoring technologies detect faults, anticipate equipment failures, and adjust voltage levels.

Algorithms also enhance the management of solar and wind variability, ensuring continuous power delivery even during high-demand periods. Automating maintenance operations lowers operational costs and reduces downtime.

Asia-Pacific leads regional expansion

The Asia-Pacific region is expected to post the highest growth rate, supported by major technological initiatives. In China, State Power Rixin Technology, together with Huawei and China Huadian Corporation, launched an AI-based energy meteorological forecasting solution. This technology improves forecast accuracy while reducing operational costs.

The Suola wind farm in Hebei province uses AI to manage and control solar and wind stations with minimal labour. In South Korea, the Korea Institute of Energy Research (KIER) completed a study on urban electrification integrating AI. In Australia, the Commonwealth Scientific and Industrial Research Organisation (CSIRO) launched RapidRate, a tool that assesses household energy efficiency using machine learning.

US-based Madison secures $800mn debt facility to finance energy infrastructure projects and address rising grid demand across the country.
The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
Eskom forecasts a load-shedding-free summer after covering 97% of winter demand, supported by 4000 MW added capacity and reduced operating expenses.
GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.
Orazul Energy Perú has launched a public cash tender offer for all of its 5.625% notes maturing in 2027, for a total principal amount of $363.2mn.
Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.
Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.
Fermi America has closed $350mn in financing led by Macquarie to accelerate the development of its HyperGridâ„¢ energy campus, focused on artificial intelligence and high-performance data applications.
Soluna Holdings launched two energy projects in Texas, reaching one gigawatt of cumulative capacity for its data centres, marking a new stage in the development of computing infrastructure powered by renewable energy.
Eneco’s Supervisory Board has appointed Martijn Hagens as the next Chief Executive Officer. He will succeed interim CEO Kees Jan Rameau, effective from 1 March 2026.
With $28 billion in planned investments, hyperscaler expansion in Japan reshapes grid planning amid rising tensions between digital growth and infrastructure capacity.
The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.

Log in to read this article

You'll also have access to a selection of our best content.