Artificial intelligence innovation : Leading companies in smart batteries for the power industry
The power industry continues to be a hotbed of innovation, with activity driven by development of energy efficient products and minimising the sector’s carbon footprint and growing importance of technologies such as lithium-ion batteries, sodium-ion batteries, and liquid metal batteries. In the last three years alone, there have been over 439,000 patents filed and granted in the power industry, according to GlobalData’s report on Artificial Intelligence in Power: Smart Batteries.
However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilising and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
90+ innovations will shape the power industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the power industry using innovation intensity models built on over 83,000 patents, there are 90+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, power distribution system modelling, electricity supply distribution models, and AI-assisted power fault monitoring are disruptive technologies that are in the early stages of application and should be tracked closely. Smart batteries, renewable energy integrated microgrids, and smart lighting systems are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are prepaid electricity metering and home automation networks, which are now well established in the industry.
Innovation S-curve for artificial intelligence in the power industry
