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"The reality is that the grids we are operating today are not optimally compatible with renewable energy resources," Steelberg said.

Global energy investment topped $2 trillion last year and the International Energy Agency estimates that China needs to add the equivalent of today’s U.S. power system to its electricity infrastructure by 2040, while India needs the equivalent of the European Union’s.

Veritone Energy’s patented solutions use AI to optimise energy distribution across diverse energy grids. By applying advanced models, rules and learning to weather forecast, energy demand, pricing, and device data, the solutions help utilities automatically predict optimal energy supply mix and pric