The two sides discussed cooperation within the OPEC+ framework and the energy sector, including electricity, hydropower and renewables. Three coal-fired thermal power plants will be built in Kazakhstan in the cities of Kokshetau, Semey and Ust-Kamenogorsk, and two power units at Ekibastuz TPP-2 will be renovated with the involvement of Russian specialists.

Despite a strong start to the solar season in Europe, and record amounts of cheap new renewable capacity in Germany since the energy crisis, it’s natural gas that will increasingly decide how much households and factories in Europe’s biggest economy pay for electricity.

The IEA projects power demand from data centers to double by 2030. While renewable energy capacity is also set to increase, especially in Europe, the intermittent supplies provided by wind and solar won’t be sufficient.

Artificial intelligence (AI) is transforming industries at an unprecedented pace, but its rapid adoption comes with a significant challenge: energy consumption.

With strong interest already secured from its financial partners, Fluidstack's Phase 1 of the project will be supported by an initial investment of EUR10 billion (USD10 billion) and is set to become operational in 2026. The facility's Phase 1 will ultimately host about 500,000 next-generation AI chips.

Flexibility is increasingly emerging as a crucial strategy to address all of this at both macro and micro levels. On a macro scale, flexibility is essential for managing energy systems and grids.

In a market characterized by increasing competition and volatility, investing in advanced analytics and machine learning technologies is essential for improving the buying (bids) and selling (offers) in the market.

The smart grid market is undergoing rapid transition. The power distribution utilities, technology providers and system integrators are exploring smarter ways to exercise choices in the use of distributed energy resources and take control of the electricity distribution systems.

«ТЭК - один из лидеров по доле организаций, применяющих ИИ, а именно занимает 3 место среди отраслей (40,6%). В ближайшие три года ожидается рост этого показателя еще на 18,1 процентных пункта», - сказал заместитель Министра энергетики Эдуард Шереметцев.

Математические модели и цифровые двойники стали эффективными инструментами для проектирования, мониторинга, а также прогнозирования работы энергетических объектов.

AI chatbots such as ChatGPT and Bard are known as voracious consumers of electricity and water. More precisely, it is the colossal data centers powering them that are to blame and there are no signs of slowing down.

The International Energy Agency (IEA) predicts that the US data center electricity consumption will rise from 200 TWh in 2022 to about 260 TWh by 2026 – roughly 6% of US electricity demand – while a study by the Boston Consulting Group (BCG) puts the number at 7.5% by 2030.

Digital infrastructure is being deployed across various layers of the power grid, from transmission to distribution, enabling better management and optimization of electrical systems.

This starts by asking about who owns AI and how it might be employed in everyone’s best interest. The future belongs to us all.

What are the latest trends in the power and utilities sector?