National Grid Partners, the venture capital branch of the UK utility firm National Grid, is earmarking $100 million to invest in AI startups focused on energy solutions. This investment aims to address the increasing challenges faced by power systems, such as rising demand from data centers and the need for a more flexible, resilient grid due to renewable energy sources and electric vehicles. Their first investment is in Amperon, which provides AI-driven energy forecasting tools. National Grid has previously invested $150 million in 18 AI companies, emphasizing the critical role of AI in modernizing energy systems.
"Power systems like National Grid's are seeing unprecedented challenges, with soaring demand driven by data centers and the electrification of heat and transport, as well as requirements for a more flexible grid with the rise of renewables and EVs."
"As the energy landscape becomes more complex and dynamic, the need for accurate, real-time data and predictive insights has never been more critical."
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