This partnership in the advancement of AI and mathematical optimization to address pressing energy transformations in Latin America and the U.S. has formed between the NSF Artificial Intelligence (AI) Research Institute for Advances in Optimization (AI4OPT) at Georgia Tech and PSR, Inc. - Energy Consulting and Analytics.
PSR is a global leader in analytical solutions for the energy sector, providing innovative technical consultancy services and state-of-the-art power systems planning software. Their tools are used for detailed modeling of entire countries or regions and are utilized in over 70 countries. Together with AI4OPT, they aim to leverage advancements in AI and mathematical optimization to address pressing energy transformations in Latin America and the U.S.
Latin America boasts abundant renewable energy resources, especially hydropower, leading to one of the largest shares of renewables in its energy mix. However, expanding renewable energy capacity in Latin America and the U.S. to meet decarbonization goals will require system operational advances and new technologies that can adapt to current needs.
One focus of this collaboration will be studying how to efficiently incorporate pumped storage into the resource mix as a solution for long-duration storage. These plants act as large batteries, pumping water to higher reservoirs during low demand periods and generating electricity during high demand with minimal energy loss over time. This technology supports both short-term and long-term energy storage, making it crucial for managing the variability of intermittent renewables like solar and wind.
The complex and large-scale nature of the expansion problem, exacerbated by inherent uncertainty and time-coupled decisions, traditionally requires sophisticated optimization techniques. AI innovations now provide faster solutions and better representations of non-linear dynamics, leading to more cost-effective operations and optimized energy mix selection for the energy transition.
This collaboration plans to use machine learning to enhance power system operators' ability to perform faster security checks and screenings. As renewable energy sources introduce more variability, traditional methods struggle with the increasing number of scenarios needed for grid stability. Machine learning offers a solution by expediting these analyses, supporting the integration of more renewable energy into the system.
About PSR
PSR is a global provider of analytical solutions for the energy sector, spanning from insightful and innovative technical consultancy services to state-of-the-art specialized power systems planning software applied to the detailed modelling of entire countries or regions. Having its products applied in over 70 countries, PSR contributes to the research and development of optimization and data analytics’ tools for guaranteeing a reliable and least-cost operation of power systems, helping the countries achieve their decarbonization targets.
About AI4OPT
The Artificial Intelligence (AI) Research Institute for Advances in Optimization, or AI4OPT, aims to deliver a paradigm shift in automated decision-making at massive scales by fusing AI and Mathematical Optimization (MO) to achieve breakthroughs that neither field can achieve independently. The Institute is driven by societal challenges in energy, logistics and supply chains, resilience and sustainability, and circuit design and control. To address the widening gap in job opportunities, the Institute delivers an innovative longitudinal education and workforce development program.
