AI technologies are transforming asset investment planning in the UK Energy sector

BMA is proud to be a finalist in the IAM Asset Management Excellence Awards in the category for digital innovation. The Eason Award for Digital Innovation honours innovative advancements in asset management in the face of the current challenges. For those who are on the cutting edge of asset management innovation and are pioneers or early adapters to new methods, theories and tools,  we have demonstrated good asset management principles in adapting to new technologies, advancements in digital capabilities and meeting competitive, digital business and consumer trends that have taken place in the previous year. 

This year, BMA, in collaboration with the Anaerobic digestion and bioresources association, ADBA, demonstrated how AI technologies are transforming asset investment planning in the UK Energy sector. The Energy Transition represents an immense challenge with ambitious targets such as Clean Power 2030 and Net Zero 2050 which requires the coordinated integration of all energy vectors and technologies.

A comprehensive whole system approach is critical to meeting net zero

Using BMA's Decisio software platform, our whole systems approach identified that meeting Britain's Net Zero targets by 2050 could cost nearly £300 billion less than official projections - by integrating biomethane into the UK energy system. This translates to savings of over £400 annually for UK households.

“Biomethane is the big green battery that can keep us warm and well-lit in the dark winters more cheaply than other identified pathways to Net Zero. This study is a wake-up call to look at more cost-effective options for Net Zero. ”

Chris Huhne

Chair, ADBA

ADBA and BMA's assessment revealed how dispatchable power from biomethane could reduce whole-system infrastructure costs by matching energy supply with demand through existing asset networks. Smart use of biomethane minimises the need for additional infrastructure while optimising asset utilisation across the system.

Read more about our approach and download the full report here: The Role of Green Gas in Net Zero