We welcome you to CDS-OIR talk on 13 December 2024 (Friday). The details are as below:
Speaker: Professor Geoffrey G. Parker, Interim Faculty Director of the Irving Institute at Dartmouth.P
Title: “Use of Data, ML, and AI to Accelerate the Energy Transition”
Date and Time: December 13, 2024, 3:45 PM
Venue: #102, CDS Seminar Hall
Abstract: The world is engaged in a multi-decade, multi-trillion-dollar effort to decarbonize the energy systems powering the global economy, involving substantial technological, economic, and social change. Critical scientific advancements are needed to tackle challenges like carbon removal and energy storage alongside a secondary wave of innovation. The rapid growth in information capture, storage, processing, and transmission offers opportunities to boost efficiency in manufacturing, logistics, and mobility. Integrating previously isolated systems will unlock new capabilities.
As the electric power system increasingly depends on intermittent renewable sources like wind and solar, it must balance supply and demand. Demand, once seen as random with strong seasonality, can now be treated as dispatchable akin to supply. Moving beyond simple time-of-use pricing to adaptive control requires integrating distributed systems such as local storage, HVAC, and rooftop solar. To harness these systems’ energy and reserve capabilities, precise information signals are essential for a coordinated, impactful response. This transition will demand new predictive models and markets, powered by data and AI.
Bio of Speaker: Geoffrey Parker is the Charles E. Hutchinson ’68A Professor of Engineering Innovation at Dartmouth College and serves as Interim Faculty Director, Arthur L. Irving Institute for Energy and Society. As Interim Faculty Director, Parker oversees all academic engagements and programs of the Institute. He is also a research fellow at MIT’s Initiative for the Digital Economy where he leads platform industry research studies and co-chairs the annual MIT Platform Strategy Summit. He received a B.S.E. from Princeton and M.S. and Ph.D. from MIT. Before joining academia, he held positions in engineering and finance at GE. Parker is a leading expert on network economics and platform business strategies and has made significant contributions as co-developer of the theory of “two-sided” markets. He is co-author of the book “Platform Revolution,” published in ten languages. Parker won the Thinkers50 2019 Digital Thinking Award, along with Marshall Van Alstyne, for the concepts of the inverted firm, two-sided markets, and how firms can adapt and thrive in a platform economy. Parker’s current research program explores platform applications to energy systems, manufacturing, and logistics. In Spring 2020, he was elected as a Fellow of the Production and Operations Management Society. In Fall 2020 he joined the World Economic Forum’s Global Future Council on Advanced Manufacturing and Production. He also served on an expert panel of the European Commission to provide commentary and feedback on the EU Digital Markets Act. Parker is a frequent keynote speaker and advises senior leaders on their organizations’ digital transformation and platform strategies.
Informal interactions and Q&A session will follow the lecture.
Host faculty: Prof. Yogesh Simmhan
ALL ARE WELCOME
