Technology

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

Published

3 months ago

June 22, 2026

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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SOURCE Grand View Research, Inc

Technology

Function Now Connects to Meta’s Muse, Allowing Members to Bring Their Personal Health Data to the New AI Agent

Published

25 minutes ago

September 9, 2026

Members can securely bring their Function health data into Muse to better understand their health and personalize their AI experience.

AUSTIN, Texas, Sept. 8, 2026 /PRNewswire/ — Function today announced that members can securely connect their Function health data to Muse, Meta’s new personal AI agent. Muse joins ChatGPT, Claude, and Perplexity in Function’s growing network of AI connectors, giving members the ability to bring their personal health data into the AI experiences they choose to use.

Muse can use a member’s Function insights as personal context to help them understand their health, build and adapt plans around their goals, track progress, and follow through over time, while members remain in control of their data.

“Your AI should know your biology,” said Jonathan Swerdlin, CEO and Co-founder of Function. “By connecting Function health data to Muse, people can bring a living picture of their health into the AI platforms they use every day. We are entering a world where people understand their bodies in far greater detail and increasingly rely on AI to make decisions. Bringing those together makes AI dramatically more useful.”

How it works

Members authorize the connection from inside Meta, through the same account controls they already use to manage their account data. Once connected, Muse draws on their lab results and clinician-reviewed summaries to inform the goals and tasks a member brings to it.

Ask Muse how a lab result compares to a member’s optimal range before deciding whether to act on itHave Muse build or adjust a plan toward a health goal, using a member’s own Function insights as contextLet Muse flag when it’s time to schedule a member’s next Function lab visit, and follow up until it’s on the calendar

The Function health connector will roll out in the coming weeks. To learn more about Function or become a member, visit www.functionhealth.com.

About Function

Function is on a mission to enable everyone to live 100 healthy years. A groundbreaker in its category, Function has changed the game by making lab testing, MRI and CT, and longitudinal health data accessible, understandable, and actionable—serving millions. Function’s Medical Intelligence Lab™ (MI Lab™) is leveraging a dedicated clinical team to develop a continuous learning system that helps its members see, understand, and act on their biology over time. Members receive access to 160+ lab tests—including biannual testing—for just $365/year, equivalent to $1 per day, covering the heart, hormones, thyroid, liver, kidneys, heavy metal exposures, nutrient levels, inflammation, potential cancer signals, and more. Each member’s results are integrated into an intelligent, personalized interface designed to support powerfully informed decision-making. Function members can also access (for an additional cost) MRI and CT that are designed to see signs of cancer and hundreds of other conditions. Function believes everyone should have the power to own their health.

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SOURCE Function Health

Technology

Teletrac Navman Appoints Ricardo Buranello as CEO

Published

25 minutes ago

September 9, 2026

Alain Samaha to Continue Serving on Board of Directors

SYDNEY, Sept. 9, 2026 /PRNewswire/ — Teletrac Navman, a leading global provider of intelligent fleet and asset management solutions, today announced that it has named current Chief Financial and Operating Officer Ricardo Buranello as Teletrac Navman’s next Chief Executive Officer, effective October 1, 2026. Mr Buranello succeeds Alain Samaha, who will continue in the CEO role through September 30, 2026, to ensure a seamless transition. Mr Samaha will remain a member of Teletrac Navman’s Board of Directors and continue supporting the Company’s long-term vision and strategic planning.

Mr Buranello is a seasoned executive with more than two decades of international experience across telematics, IoT, and high-growth technology businesses. Having served as Chief Financial and Operating Officer since joining Teletrac Navman, he brings deep financial and operational expertise, a strong strategic orientation, and an intimate knowledge of the business that make him ideally suited to lead the Company into its next chapter. Mr Buranello previously held leadership roles at Telit Cinterion, Siemens and Totvs.

“This represents an ideal time for Teletrac’s next phase of leadership, and we’re confident that Ricardo is the right person for the job,” said Jonathan Olefson, Chairman of the Board at Teletrac Navman. “Ricardo is a proven, mission-oriented leader who understands our business from the inside out. We look forward to what he and the entire team will accomplish.”

“Alain helped transform Teletrac into a global leader in telematics and fleet management solutions. We are grateful for his vision, passion, and many contributions, and look forward to working with him on the Board,” continued Olefson.

Mr Samaha stated, “Leading Teletrac has been one of the great privileges of my professional life. I am proud of what we have done together, and I am equally excited about what lies ahead for Teletrac. Ricardo is the right leader for this moment. His strategic clarity and deep understanding of our business will serve Teletrac, our customers, and our employees well into the future.”

Mr Buranello added, “I am honoured by the trust the Board has placed in me and energised by the opportunities ahead. Our customers, employees, and partners can count on the same dedication to innovation, excellence, and delivering meaningful results that has been at the core of Teletrac since the beginning.”

Under Mr Buranello’s leadership, Teletrac Navman will continue advancing its cloud-based, AI-powered connected mobility platform while building on the growth, stability, and customer focus that have long defined the Company.

About Teletrac Navman

Teletrac Navman empowers the industries that transform and sustain our futures with simple and intelligent solutions that enhance the efficiency, safety, and sustainability of their operation. As a connected mobility platform for industries that manage vehicle and equipment assets, Teletrac Navman simplifies the complex so that its customers can transform the way they work through cloud-based solutions that leverage AI to unlock the power of operational insight. The company operates globally, with offices worldwide and headquarters in Northbrook, IL. For more information visit https://www.teletracnavman.com.au/.

About Respida

Respida is a software-focused private equity firm with decades of combined investing and operating experience. The firm partners with management teams at growth-oriented software and software-enabled companies, bringing hands-on operational rigor and financial discipline to drive growth and build durable market leaders. For more information, visit https://respida.com/.

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SOURCE Teletrac Navman

Technology

Coda welcomes Bombay High Court judgment in its favor

Published

25 minutes ago

September 9, 2026

SINGAPORE, Sept. 8, 2026 /PRNewswire/ — Coda welcomed the Bombay High Court’s judgment on 2 September 2026 allowing the appeal by Coda Payments India and setting aside the orders that had kept its bank accounts and payment accounts frozen.

The judgment is a significant and positive outcome for Coda. We have been clear and consistent in our position throughout the proceedings and welcome the Court’s decision.

Coda has cooperated fully with the relevant authorities and respects the legal process. We now look forward to the judgment being implemented expeditiously and in full.

Coda remains committed to meeting all applicable legal and regulatory requirements in every market in which it operates.

The Bombay High Court’s judgment relates to the freeze on Coda Payments India’s bank accounts and payment accounts. Other related proceedings remain ongoing.

About Coda

Coda is a global leader in monetization, distribution, and commerce, trusted by the biggest names in gaming, entertainment, and technology, including Activision, Electronic Arts, Riot Games, Ubisoft, and Moonton. Founded in 2011 and headquartered in Singapore, Coda operates with 670+ employees worldwide, with core hubs in Asia and Europe. Coda combines payments, commerce, distribution, and rewards to drive global revenue growth for brands and publishers.

Coda’s products include Codapay, which provides access to 400+ payment methods across 80+ markets through a single API integration; Coda Webstore, which powers fully customized direct-to-consumer storefronts; Coda Consumer Platforms, including Codashop, Recharge.com, and Startselect.com; Coda Distribution, which extends reach through a network of commerce partners; and Giftcloud, a UK-based rewards business serving enterprise customers across Europe.

Coda is backed by Apis Partners, Insight Partners, Smash Capital, and GIC, and has been named an APAC High Growth Company (2023) by Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader on Fortune’s Fintech Innovation Asia list (2024), and listed among The Straits Times Fastest Growing Fintechs (2024). For more on Coda, visit coda.co.

Press Contact
Coda:
Liz Adam
VP, Corporate Affairs
liz.adam@coda.co

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SOURCE Coda