HONEYWELL SURVEY FINDS AI HAS POTENTIAL TO ENHANCE ENERGY SECURITY AS GLOBAL ENERGY DEMAND INCREASES

Core Insights - The majority of U.S. energy executives believe AI has significant near-term potential to enhance energy security [2][4] - Global energy demand is projected to increase by 32% by 2050, with electricity demand alone expected to rise by 75% [3] - Energy leaders are increasingly adopting AI and digital technologies to optimize operations and meet growing energy demands [6] AI Adoption in the Energy Sector - Honeywell's survey found that 91% of respondents see AI's near-term potential for enhancing energy security, and 85% are currently using or piloting AI [4][5] - While only 12% currently consider AI critical to their operations, 81% anticipate it will become critical in the next five years [5] - 94% of respondents are engaged with or considering AI solutions providers, indicating strong momentum for AI adoption [5] Key Applications of AI - The most valuable applications of AI identified by energy decision-makers include: - Cybersecurity and threat detection (57%) - Predictive maintenance (52%) - Operational efficiency (44%) [6] - More than half of respondents (53%) are using AI to address labor shortages and enhance workplace safety [7] Survey Methodology - The survey was conducted by Hudson Pacific from March 24, 2025, to April 1, 2025, involving 300 U.S. decision-makers in various energy-related sectors [8]