LATEST BLOG POST: Dynamic Rhythms: The Data Science Challenge of Predicting Power Outages
Publish date: Jan 14, 2025
Topic: Collaboration | Geoscience | Energy transition | Innovation
The rapid electrical load growth – driven by data centers and AI, industrial growth, electrification, and emerging technologies demands unprecedented amounts of economical and resilient energy that can be deployed quickly. Modern industries face critical power infrastructure challenges, with several key dynamics at play:
AI-driven data centers requiring massive, reliable power
Industrial onshoring and electrification of heavy industry
Utilities struggling to meet increasingly power-hungry customer demands
According to the recent International Energy Agency (IEA) report, geothermal energy is emerging as a compelling answer:
Abundant, especially in areas well-suited for industrial growth
Cost-effective and safe
Deployable with minimal regulatory delays
Enables direct energy generation and load colocations
"We are proud of this collaboration which aims to leverage financial modeling and geoscience expertise to deliver a comprehensive energy assessment solution and drive capital investment," said Josh Etkind, CEO for ThinkOnward.
Rajesh Chandran, CEO and Founder of ACTUAL, added, "Our capital planning console, now enhanced with ThinkOnward's geothermal insights, enables companies and utilities to deploy energy resources with unprecedented speed and accuracy."
Through this partnership, we enable:
Dramatically accelerated analysis of dependable geothermal resources
Faster grid capacity expansion
Support for digital and infrastructural transformation
Resilient power solutions for industries undergoing significant change
ACTUAL is an AI-driven capital transformation platform revolutionizing resilience for large organizations. We seamlessly integrate technical, financial, and scientific inputs to build actionable plans for sustainable capital projects. With over $15 billion in planned sustainable transformations, we serve key industries including energy, utilities, transportation, and supply chain sectors. For more information about Actual, visit www.actualhq.com
Think Onward LLC ("ThinkOnward") is a nexus of innovation and collaboration focused on building the resilience of today's energy system. ThinkOnward’s platform is a global ecosystem that brings together a diverse community of over 6,000 geoscientists, data scientists and researchers, to collaborate in solving problems through projects and data science challenges in pursuit of practical, scalable solutions for the energy industry. ThinkOnward is a wholly owned subsidiary of Shell USA, Inc.
ThinkOnward is a platform of innovation and collaboration focused on the energy sector. We’re creating a hub for the “thinkers” and "doers" who want to foster new ideas, leverage and use powerful data and tools, and collaborate with the best scientific minds, together with innovators committed to accelerating the commercial success of energy solutions.