EPCG and CANU signed a new donor agreement: Cooperation in the application of artificial intelligence in consumption prediction...

The Electric Power Company of Montenegro (EPCG) and the Montenegrin Academy of Sciences and Arts (CANU) have signed a new donor agreement, which continues the successful cooperation within the joint project Application of Artificial Intelligence in Consumption Prediction in Electric Power Systems.

The contract was signed by the Executive Director of EPCG, Ivan Bulatović, and the President of CANU, Ljubiša Stanković, at a ceremony held on the premises of the Academy.

"The donation in the amount of 15 thousand euros is aimed at further strengthening research activities that use the potential of artificial intelligence to improve the efficiency of the Montenegrin power system," EPCG said in a statement.

The project has already shown exceptional results in its first phase, exceeding initial expectations, contributing to more precise consumption planning, production optimization, and increased system stability.

Bulatović said that EPCG particularly supports initiatives that combine science and practice, especially those that include innovative technologies such as artificial intelligence.

"This project not only brings concrete benefits to our power system, but also encourages the development of the domestic scientific community. We continue to invest in knowledge, research and young experts because we see this as the foundation of sustainable development," said Bulatović.

The funds from the donation will be allocated to continue the engagement of the young researcher, the development and testing of new technological solutions, as well as to strengthen the technical capacities of the ENEKO Center for Research and Development.

In the next phase of the project, further improvement of the existing model is planned through the integration of additional data and scenarios, as well as the implementation of new solutions for even more precise consumption prediction.

Special emphasis will be placed on the involvement of young researchers and the exchange of knowledge with domestic and international experts, which will further contribute to the strengthening of the scientific research community in Montenegro.

EPCG, according to its representatives, remains committed to the development and application of modern technologies, with the aim of improving energy efficiency, digitalization and modernization of the system in accordance with the principles of sustainable development.