Hurricanes and Wildfires Are Taxing Utilities. Can A.I. Help?

Published On Sep 27, 2024, 2:46 PM

The article discusses how extreme weather, exacerbated by climate change, is increasingly straining utilities in the U.S., leading to significant power outages. More than 4 million people recently lost power due to Hurricane Helene, highlighting the vulnerabilities of electric grids. Experts suggest that new technologies, particularly artificial intelligence, could help utilities better prepare for these risks and manage their infrastructure more effectively against severe weather events.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

NEE View NEE chart on TradingView

Positive

Investors may want to consider companies in the utility sector that are investing in AI technologies to improve resilience against extreme weather. These investments could strengthen their infrastructure and reduce long-term operational risks.

ED View ED chart on TradingView

Negative

Alternatively, traditional utilities that are slow to adopt new infrastructure improvement technologies may face challenges, leading to potential reductions in stock value as weather-related disruptions increase.

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