Iberdrola embraces AI technology for strengthening electrical grid durability
Woza Labs, a Spanish start-up founded by CEO Sebastian Priolo in late 2020, has captured the interest of energy giants like Iberdrola. The company's innovative approach to data analysis and risk assessment has made it a standout in the industry.
The start-up, which was the winner of Iberdrola's challenge in 2022 as part of the PERSEO start-up program, is now showing interest in the energy-only spin-off of Woza Labs. Iberdrola is keen on integrating private data from Woza Labs to create a software for its own predictions, selecting the layers that best apply to its unique situation.
Woza Labs uses artificial intelligence to improve data analysis, visualization, and risk forecasting. The start-up collects and converts vast amounts of environmental, climate, and infrastructure public data into the same language, providing users with valuable insights into past incidents suffered by energy companies and the variables that explain those incidents.
One of the most significant applications of Woza Labs' technology is in making short-term and long-term risk assessments for new and existing power lines. These assessments are instrumental in helping Iberdrola make decisions about infrastructure upgrades.
Currently, simulations for carbon credits are mostly done by consulting services. However, Woza Labs aims to allow users to simulate different scenarios with a simple click. The start-up is exploring a predictive layer for carbon credits, enabling companies across energy, logistics, and infrastructure to simulate project-level emissions based on spatial and design inputs.
The layers developed by Woza Labs can predict vegetation growth, flooding risk, or wildfire probability, making them versatile tools for various industries. They are designed to be integrated into decision-making systems, digital twins, or monitoring platforms.
Recent developments suggest that Woza Labs' technology is attracting interest from urban governments as well. Initially, the flood prediction layer was intended for soybean and corn crops, but its potential applications have expanded beyond agriculture. Last week, Woza Labs signed a contract with a real estate client, an unexpected move as they didn't initially think real estate companies would need their complex variables.
As companies and governments face the immediate consequences of climate change on their infrastructure and supply chains, interest in adaptation technologies, like those offered by Woza Labs, has been growing. The start-up is now fundraising for an energy-only spin-off with a dedicated team for developing energy-specific layers.
In 2022, Iberdrola launched a challenge through its start-up program, PERSEO, to find a solution for making power lines more resilient. Woza Labs' innovative approach to data analysis and risk assessment has proven to be the winning solution. The layers can make predictions out to 30 years, providing invaluable insights for long-term planning and decision-making.
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