A review of asset management using artificial intelligence-based machine learning models: applications for the electric power and energy system

G.L. Rajora, M.A. Sanz-Bobi, L. Bertling Tjemberg, J.E. Urrea Cabus

IET Generation Transmission & Distribution Vol. 18, nº. 12, pp. 2155 - 2170

Summary:

Power system protection and asset management present persistent technical challenges, particularly in the context of the smart grid and renewable energy sectors. This paper aims to address these challenges by providing a comprehensive assessment of machine learning applications for effective asset management in power systems. The study focuses on the increasing demand for energy production while maintaining environmental sustainability and efficiency. By harnessing the power of modern technologies such as artificial intelligence (AI), machine learning (ML), and deep learning (DL), this research explores how ML techniques can be leveraged as powerful tools for the power industry. By showcasing practical applications and success stories, this paper demonstrates the growing acceptance of machine learning as a significant technology for current and future business needs in the power sector. Additionally, the study examines the barriers and difficulties of large-scale ML deployment in practical settings while exploring potential opportunities for these tactics. Through this overview, insights into the transformative potential of ML in shaping the future of power system asset management are provided.

Spanish layman's summary:

Este artículo explora el papel del aprendizaje automático (ML) en la gestión de activos del sistema eléctrico, abordando desafíos en los sectores de la red inteligente y la energía renovable. Destaca el potencial del ML para mejorar la eficiencia y la sostenibilidad, mostrando aplicaciones prácticas y discutiendo barreras y oportunidades de implementación.

English layman's summary:

This paper explores the role of machine learning (ML) in power system asset management, addressing challenges in the smart grid and renewable energy sectors. It highlights ML's potential for enhancing efficiency and sustainability, showcasing practical applications and discussing deployment barriers and opportunities.

 

Keywords: Power System, Asset Management (AM), Artificial Intelligence (AI), Machine Learning (ML), Renewable Energy Source (RES), Grid, and Electricity Generation.

JCR Impact Factor and WoS quartile: 2,500 - Q3 (2022)

DOI reference: https://doi.org/10.1049/gtd2.13183

Published on paper: June 2024.

Published on-line: June 2024.

Citation:
G.L. Rajora, M.A. Sanz-Bobi, L. Bertling Tjemberg, J.E. Urrea Cabus, A review of asset management using artificial intelligence-based machine learning models: applications for the electric power and energy system. IET Generation Transmission & Distribution. Vol. 18, nº. 12, pp. 2155 - 2170, June 2024. [Online: June 2024]