Returns for Energy Sector on AI but Power Demand is a Problem

AI is quickly moving out of the test lab and into everyday use across the global energy business, and corporations are starting to see real financial returns on their investments. But the technology’s expanding need for power is also highlighting an urgent problem: whether the current energy infrastructure can cope.

The study revealed AI is now a permanent fixture in boardroom talks, with 62 per cent of respondents placing it in their top two corporate objectives, up from 42 per cent a year ago.

The report marks a move from pilot programs to real world deployment. Almost nine in 10 respondents boosted AI spending during the past year, with 63 per cent saying returns on existing investments are likely to pay for or surpass their expenses. There is even more confidence for future investments, with 89 per cent expecting returns to be equal to or greater than expenditure.

The findings also emphasise the necessity of parallel development of digital and energy infrastructure for the UAE, which has established itself as a leader in both AI and energy transition efforts.

AI is already transforming the way industries operate,” said Dr Sultan Ahmed Al Jaber, Adnoc Managing Director and Group CEO and Executive Chairman of XRG. “AI is creating big new opportunities for the energy industry to deliver more value, improve safety and reliability and build resilience. At Adnoc, we are embedding AI, robotics and sophisticated technologies into our processes to optimise every barrel, molecule and kilowatt we generate. “With AI scaling, energy and technology have to walk together.

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