Startup Ideas AI

Optimizing the distribution of electricity in the smart grid network can help reduce power outages and improve energy efficiency. By using AI algorithms and real-time data, this startup would provide insights and recommendations to utility companies for proactive grid management. Market size: According to a report by Grand View Research, the global smart grid market size was valued at $6.79 billion in 2019 and is projected to reach $15.79 billion by 2027, growing at a CAGR of 10.9%.