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AI in Energy Market Projected to Reach USD 22.2 Billion by 2033, AI Adoption Across Utilities and Renewable Energy Systems Fuels Strong Market Growth

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Growing Demand for Intelligent Energy Management Drives Market Expansion Through 2033

SAN FRANCISCO, June 22, 2026 /PRNewswire/ — According to a new market analysis by Grand View Research, the global AI in Energy market is entering a period of rapid expansion as utilities, grid operators, and energy companies increasingly adopt artificial intelligence technologies to improve operational efficiency, strengthen grid resilience, and optimize renewable energy integration. The market was valued at USD 5.1 billion in 2025 and is expected to reach USD 22.2 billion by 2033, expanding at a compound annual growth rate (CAGR) of 20.4% from 2026 to 2033.

The growing convergence of artificial intelligence and energy infrastructure is reshaping how electricity is generated, distributed, stored, and consumed. As energy systems become more decentralized and data-intensive, AI is emerging as a critical enabler of predictive analytics, demand forecasting, asset optimization, and real-time operational intelligence.

Digital Transformation Reshaping Energy Infrastructure Worldwide

The increasing deployment of smart meters, intelligent sensors, connected energy assets, and advanced grid management systems has created unprecedented volumes of operational data. Energy providers are leveraging AI-powered platforms to transform this data into actionable insights, enabling faster decision-making, lower maintenance costs, and improved service reliability.

According to Grand View Research, the market is being driven by the rising digitalization of energy infrastructure and the growing need for efficient management of generation, transmission, and distribution networks. AI solutions are helping utilities identify equipment failures before they occur, monitor grid performance in real time, and automate complex operational processes.

These capabilities are becoming increasingly important as energy providers face growing pressure to enhance reliability while supporting the transition toward cleaner and more sustainable energy systems.

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Renewable Energy Integration Emerges as a Major Growth Catalyst

One of the most significant growth drivers for the AI in Energy market is the rapid expansion of renewable energy generation. Solar and wind resources introduce variability into power systems, creating new challenges for grid operators responsible for balancing supply and demand.

Artificial intelligence technologies enable advanced forecasting models that analyze weather patterns, historical generation trends, and real-time operational conditions to improve renewable energy output predictions and optimize dispatch decisions. These capabilities allow utilities and energy companies to better manage fluctuating renewable generation while maintaining grid stability.

The report highlights that renewable energy management accounted for 33.0% of the global market in 2025, making it the largest application segment. Growing investments in renewable power infrastructure, battery storage systems, and distributed energy resources continue to strengthen demand for AI-powered energy management platforms capable of enhancing grid stability and maximizing asset performance.

Predictive Maintenance and Automation Enhance Operational Efficiency

Beyond renewable energy management, AI is gaining significant traction across predictive maintenance, energy trading optimization, grid automation, and operational safety applications.

Energy companies are increasingly utilizing machine learning algorithms to identify anomalies, reduce downtime, and improve maintenance planning for critical infrastructure assets. AI-powered predictive maintenance solutions help operators monitor equipment health in real time, minimizing costly outages and extending asset lifecycles.

The growing use of advanced analytics also enables utilities to optimize energy distribution networks, improve customer service, and enhance overall operational efficiency.

Robotics Segment Expected to Witness Rapid Growth

As artificial intelligence capabilities continue to evolve, robotics is emerging as one of the fastest-growing application areas within the energy sector.

AI-enabled robots and drones are increasingly being deployed to inspect power plants, transmission networks, pipelines, wind farms, and solar facilities. These technologies provide continuous monitoring capabilities while reducing risks associated with hazardous or remote-site inspections.

According to Grand View Research, the robotics segment is projected to expand at a CAGR of 24.1% through 2033, reflecting growing industry investments in automation technologies designed to improve safety, operational visibility, and infrastructure management.

AI Solutions Continue to Lead Market Adoption

From a technology perspective, software and platform-based solutions continue to dominate industry spending. The report indicates that the solutions segment accounted for 69.2% of total market revenue in 2025, reflecting widespread adoption of AI-powered applications supporting forecasting, analytics, grid optimization, and operational automation.

Organizations across the energy value chain are investing in intelligent software platforms capable of delivering actionable insights from large and complex datasets.

Meanwhile, the services segment is expected to grow at a CAGR of 22.0% during the forecast period, driven by increasing demand for consulting, implementation, integration, training, and support services associated with AI deployments.

North America Maintains Market Leadership Position

Regionally, North America accounted for 38.2% of global revenue in 2025, maintaining its position as the largest regional market for AI in energy applications.

Strong investments in digital transformation initiatives, advanced utility infrastructure, smart grid technologies, and AI innovation ecosystems continue to support market growth throughout the region.

The United States remains a key contributor to market expansion, with increasing adoption of intelligent energy management systems, predictive maintenance solutions, and renewable energy optimization technologies. According to the report, the U.S. market is projected to expand at a CAGR exceeding 21.8% through 2033.

Rising Energy Demand from AI Infrastructure Creates New Opportunities

Industry experts note that the growing intersection between artificial intelligence adoption and energy demand is becoming an increasingly important strategic issue.

As AI workloads expand globally, data centers are consuming larger amounts of electricity, creating additional requirements for grid modernization, power management optimization, and infrastructure resilience. This trend is expected to accelerate investments in intelligent energy technologies capable of improving efficiency and supporting future electricity demand growth.

Utilities and energy providers are increasingly exploring AI-powered solutions to address both operational challenges and long-term sustainability objectives.

Browse more energy & power industry reports by Grand View Research: https://www.grandviewresearch.com/industry/energy-and-power

Competitive Landscape Characterized by Continuous Innovation

The competitive landscape includes a mix of global technology leaders, industrial automation providers, and specialized AI software companies focused on transforming energy operations through advanced analytics and machine learning technologies.

Major participants identified by Grand View Research include Siemens AG, ABB, General Electric, C3.ai, Atos SE, Flex Ltd., AppOrchid Inc., Uptake Technologies, Origami Energy Ltd., Alpiq, and SmartCloud Inc.

These companies are investing heavily in product innovation, strategic partnerships, and digital energy solutions designed to improve grid reliability, optimize asset performance, and support the transition toward cleaner energy systems.

Future Outlook

As governments worldwide pursue decarbonization goals and utilities modernize aging infrastructure, artificial intelligence is expected to play a central role in enabling more intelligent, resilient, and sustainable energy networks.

The continued expansion of renewable energy resources, electric vehicles, distributed generation systems, and energy storage technologies is likely to create substantial opportunities for AI-driven innovation throughout the coming decade.

With energy systems becoming increasingly complex and interconnected, organizations that successfully integrate artificial intelligence into their operational strategies are expected to gain significant advantages in efficiency, reliability, and long-term sustainability.

The findings from Grand View Research indicate that AI is no longer an emerging technology within the energy sector—it is rapidly becoming a foundational component of next-generation energy infrastructure and a key driver of future industry transformation.

To learn more about growth opportunities in the AI In Energy Market, access the full report from Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Grand View Research, Inc.
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In HelloNation, Jewelry Expert Mike Littlejohn Explains What to Expect From Jewelry Repair and Ring Resizing

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The article outlines how repair services and resizing work and what factors affect timing, cost, and results.

AUBURN, Ind., Oct. 30, 2026 /PRNewswire/ — Can damaged or ill-fitting jewelry be restored instead of replaced? That question is answered in a HelloNation article, featuring insights from Jewelry Expert Mike Littlejohn of Carbaugh Jewelers.

The HelloNation article explains that jewelry repair and ring resizing are practical ways to restore both the function and appearance of worn pieces. It notes that everyday issues such as broken chains, worn prongs, and loose clasps are common and can often be fixed successfully when addressed early.

According to the article, jewelry repair services cover a wide range of problems caused by regular wear. Fixing these issues promptly can help prevent more serious damage and extend the life of the piece. The article emphasizes that early attention often leads to better outcomes.

Ring resizing is another key service discussed. The ring resizing process involves adjusting the band so that the ring fits securely and comfortably again. Changes in finger size over time or due to temperature can make resizing necessary. The article explains that the goal is to maintain the original look while improving wearability.

Not all rings can be resized in the same way. The article describes how simple bands are easier to adjust, while more detailed designs may require careful handling. Rings with stones set along the band can limit how much resizing is possible. The article notes that understanding these factors helps set clear expectations before starting any work.

Metal type also plays an important role in both jewelry repair and resizing. The article explains that gold is commonly used and responds well to standard techniques. Platinum is denser and more durable, which can make it harder to adjust but also longer lasting. These differences can affect the time and complexity of the repair.

Stone settings require special attention during any jewelry repair services. The article notes that loose stones can often be secured, and missing stones may be replaced if a close match is available. Careful handling helps maintain both the safety and appearance of the piece.

Timing varies depending on the type of repair. The article explains that simple fixes may be completed quickly, while more detailed work takes additional time. The ring resizing process may also take longer if a significant size change is needed. Understanding the timeline helps manage expectations.

Cost is another factor addressed in the article. Jewelry repair cost depends on the level of work required, the condition of the item, and the materials involved. Basic repairs are usually more affordable, while complex work can increase the overall cost. Clear estimates help avoid surprises.

Preventive care is also important. The article encourages regular checks for loose parts or signs of wear so that issues can be handled early. This reduces the need for more extensive repairs and helps maintain the condition of the jewelry over time.

In some cases, repair may not be the best option. The article explains that severe damage or delicate designs can limit what can be safely restored. Alternative solutions, such as redesigning the piece, may be considered when repair is not practical. The article highlights the importance of understanding these limits.

In the end, the article emphasizes that jewelry repair and ring resizing remain valuable options for maintaining meaningful items. By understanding jewelry repair services, the ring resizing process, jewelry repair cost, and how metal type affects the work, individuals can make informed decisions and extend the life of their jewelry.

Can Jewelry Be Repaired or Resized, and What Should You Expect? Features insights from Mike Littlejohn, Jewelry Expert of Auburn, Indiana, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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INSEAD establishes Thrive Lab with US$3 million funding from Google.org and Google DeepMind

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Launched at INSEAD AI Forum Asia, the new Lab is set to advance global academic research on the impact of AI on human connectivity, meaning and wellbeing in work and life

FONTAINEBLEAU, France and SINGAPORE and SAN FRANCISCO, Oct. 30, 2026 /PRNewswire/ — INSEAD, The Business School for the World, today announced it has received US$3 million in funding from Google.org and Google DeepMind. The funding will support the Research Lab for Human and Organisational Thriving (INSEAD Thrive Lab), aimed at accelerating global research on how people and organisations can flourish in an era of continuous technological transformation.

Artificial intelligence is emerging as the most consequential technology that profoundly shapes how people learn, work, live and interact with one another. While it presents near limitless possibilities, we need to give careful attention to the potential risks. How can we strengthen our human, social and psychological capital amid relentless technological change? And how must our ecosystems of learning – spanning educational, community, and professional spheres – evolve to build this capital? These are the central questions that the INSEAD Thrive Lab will focus on.

“We want to understand how people can expand their capabilities, build economically viable and psychologically meaningful working lives, and cultivate strong relationships with others in the age of artificial intelligence. Through rigorous, multidisciplinary research, INSEAD Thrive Lab aims to have real-world impact and generate actionable insights into what enables people and organisations not just to adapt to a rapidly changing world, but to thrive in it,” said Winnie Jiang, Academic Director of INSEAD Thrive Lab and Associate Professor of Organisational Behaviour at INSEAD.

Housed under INSEAD’s Human and Machine Intelligence Institute (HUMII) – a cross-disciplinary research institute that counts the 2025 Nobel Laureate in Economics Philippe Aghion and 2025 Oskar Morgenstern Medallist Phanish Puranam as part of its core academic team – INSEAD Thrive Lab will focus on three interconnected domains: Learning, Working and Relating.

“The success of artificial intelligence won’t be measured solely by efficiency or productivity gains, but by whether it empowers people to live more fulfilling lives. Navigating this rapid transformation requires thoughtful research and an unwavering commitment to human well-being. We are proud to support the launch of INSEAD Thrive Lab, which will explore some of the most pressing questions shaping the future of work and help people adapt, stay resilient, and thrive alongside AI,” said Sepi Hejazi Moghadam, Head of Foundations of Science, Google.org.

“We are incredibly grateful for the generous fund from Google.org and Google DeepMind. At HUMII, our goal is to conduct research on all branches of artificial intelligence for the ultimate purpose of expanding human capacities and human agency. The Lab’s work will be core to HUMII and to our society,” says Lily Fang, Academic Director of HUMII and Dean of Research and Innovation at INSEAD.

Click here to view video about the INSEAD Thrive Lab

INSEAD Thrive Lab will build on the school’s mission to develop responsible leaders who transform organisations and society, serving as a global hub for research, dialogue and innovation around the human dimension of progress. To this end, it will train emerging scholars working on the theme of human meaning and human flourishing through its PhD research award and postdoctoral fellowship and bring the wider research community together at its annual global conference. Research-to-practice partnerships with organisations, schools and governments, as well as a series of workshops, talks and dialogues are designed to translate insights into practice, and ultimately, help people flourish.

The announcement was made during the INSEAD AI Forum Asia, held at the INSEAD Asia Campus in Singapore. The event serves as a platform for dialogue between researchers, business leaders, policymakers and the public with the goal of advancing the beneficial and responsible use of artificial intelligence to benefit business and society. Part of the global INSEAD AI Forum series, the Asia edition comes after Europe and America, with the next edition taking place in UAE from 27 to 28 January 2027.

To learn more about INSEAD Thrive Lab, participate in the programme, or support the

school’s ongoing mission, visit INSEAD Thrive Lab or follow #INSEADAI.

Media contact: news@insead.edu

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About INSEAD, The Business School for the World 

As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to develop responsible leaders who transform business and society. Our research, teaching and partnerships reflect this global perspective and cultural diversity. Our global perspective and unparalleled cultural diversity are reflected in our research, teaching, partnerships; as well as in our alumni network of over 73,000 members representing 176 nationalities across 183 countries.

With locations in Europe (France), Asia (Singapore), the Middle East (Abu Dhabi), and North America (San Francisco), INSEAD’s business education and research spans four regions. Our 162 renowned Faculty members from 40 countries inspire more than 1,700 degree participants annually in our Master in Management, MBA, Global Executive MBA, Specialised Master’s degrees (Executive Master in Finance and Executive Master in Change) and PhD programmes. In addition, more than 21,000 executives participate in INSEAD Executive Education programmes each year.

INSEAD continues to conduct cutting-edge research and innovate across all our programmes. We provide business leaders with the knowledge and awareness to operate anywhere. Our core values drive academic excellence and serve the global community as The Business School for the World.

For more information, visit www.insead.edu. 

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nbkc bank Announces Agreement to Assume Consumer BaaS Programs of LSBX, a Division of Lincoln Savings Bank

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Transaction to Boost nbkc’s Banking as a Service Business and Deposit Base

KANSAS CITY, Mo., Oct. 30, 2026 /PRNewswire/ — nbkc bank today announced that it filed an application with the FDIC to assume the consumer-focused Banking as a Service (BaaS) portfolio maintained by LSBX, Lincoln Savings Bank’s BaaS division, which would increase the scale of its BaaS business and overall deposit base.

The transaction is anticipated to close in early 2027 subject to regulatory approval. Terms were not disclosed. It follows a September announcement that Lincoln Savings Bank parent Lincoln Bancorp, Reinbeck, Iowa, will merge with and into Equity Bancshares, Inc., headquartered in Wichita, Kan.

“This transaction is a natural fit for nbkc and is a great opportunity to continue growing our BaaS business,” said Michael Bartkoski, president and CEO of nbkc bank. “It allows us to further strengthen our deposit base and build upon an established program with significant momentum.” Bartkoski said he expects the LSBX offering to be merged into nbkc’s BaaS business and to go to market under the nbkc brand.

“We believe nbkc is an excellent successor and home for our LSBX customers,” said Sean Willett, CEO of Lincoln Savings Bank. “nbkc has built an exceptional Banking as a Service capability, and they are well known for effectively combining technology and a human touch. We believe in that approach and are confident it will serve our customers very well.”

Through BaaS offerings, banks provide nonbank fintech companies, which do not have banking charters, the opportunity to provide banking products such as deposits, checking, debit cards and personal loans to their customers. Fintech companies’ clients interact with the fintech company’s app on the front end, and their accounts are opened with the partner bank, typically on a private label basis. Fintech companies gain the ability to offer banking products, and banks offering BaaS gain access to those companies’ retail customers.

nbkc bank has developed meaningful scale in its BaaS business, with approximately 13 BaaS relationships with fintech companies, approximately 3.6 million BaaS customers and 30 dedicated BaaS employees.

“Our investment in our BaaS offering enables us to take on a transaction of this scale with confidence in our ability to provide a seamless, excellent customer experience,” Bartkoski said.

About nbkc bank

Having celebrated 25 years in 2024, nbkc bank is a Kansas City-based community bank with a nationwide online presence. Known for pairing intuitive technology with personal support, nbkc delivers digital solutions for mortgage, consumer, and business banking, plus Banking as a Service (BaaS) for companies nationwide. The bank also founded Fountain City Fintech®, an accelerator for growing fintech startups. nbkc remains committed to leading the industry toward simpler, more transparent banking. Member FDIC. Equal Housing Lender.

Media Contact
Melissa.Beltrame@nbkc.com

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