Distributed energy technology assurance
First Claim
1. A method for producing a pricing option corresponding to an economic risk in a multi-component distributed power project, comprising:
- collecting operational data corresponding to at least one component of the distributed power project;
obtaining historical data corresponding to said at least one component from a historical data source;
performing a processing function according to a model, which uses the operational data and the historical data, to yield an output corresponding to a future residual value of the at least one component; and
presenting a user with a pricing option for the distributed power assurance service, based at least in part on the future residual value of the at least one component.
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Abstract
A system and method for providing value assurance products and services in the context of distributed power projects is presented. Some aspects relate to describing and estimating the remaining life of a project or components of a multi-component distributed power project. The system and method also allow for calculation of residual values of one or more components of the multi-component project, and thereby allow for more economical underwriting policies and more realistic financial risk descriptions, which further allow for mitigating said financial risks. A variety of data are taken as inputs to a processing engine that uses the data inputs as parameters of an economic model and presents outputs from the model to clients over a network. Exemplary inputs include operational data, historical data and jurisdictional data describing rules and regulatory constraints in the jurisdiction in which the project resides.
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Citations
40 Claims
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1. A method for producing a pricing option corresponding to an economic risk in a multi-component distributed power project, comprising:
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collecting operational data corresponding to at least one component of the distributed power project;
obtaining historical data corresponding to said at least one component from a historical data source;
performing a processing function according to a model, which uses the operational data and the historical data, to yield an output corresponding to a future residual value of the at least one component; and
presenting a user with a pricing option for the distributed power assurance service, based at least in part on the future residual value of the at least one component. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A system for pricing assurance services for a multi-component distributed power project, said project having at least one distributed power component, the system comprising:
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a source of operational data corresponding to the component;
a source of historical data corresponding to the component;
a computer processing engine that receives the operational data and the historical data and uses a model to produce a pricing option corresponding to an assurance service for the project; and
a server, receiving the pricing option from the computer processing engine, coupled to a network and running an application service portal (ASP) application by which a user can receive the pricing option from the server. - View Dependent Claims (20, 21, 22, 23)
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24. A method for quantifying an economic risk to an underwriter insuring a multi-component distributed power project, comprising:
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collecting operational data corresponding to a component of the multi-component distributed power project;
obtaining historical data corresponding to the component of the multi-component distributed power project;
estimating a remaining useful life of the component at least as a function of the operational data and the historical data;
estimating a future residual value of the project at least as a function of the remaining useful life of the component; and
determining the economic risk for the underwriter as a function of at least the future residual value of the project.
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25. An application service portal (ASP), comprising:
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a processing engine receiving operational data and historical data corresponding to a component of a multi-component distributed power project, the processing engine adapted for carrying out calculations to yield a pricing option using the operational and the historical data;
a World Wide Web server accessible to a client over a network, the server receiving results of the calculations from the processing engine;
wherein the ASP presents said pricing option to said client. - View Dependent Claims (26, 27)
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28. A method for estimating an economic risk associated with a contract for sale or service of a multi-component distributed power project, comprising:
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breaking the multi-component project into at least two discrete components;
collecting live operational data corresponding to at least one of the at least two discrete components;
collecting historical data corresponding to said at least one discrete component;
estimating the useful remaining life of said at least one discrete component;
estimating the residual value of the at least one discrete component at a future date;
estimating the residual value of the project based at least on the estimated residual value of the at least one discrete component; and
estimating the economic risk associated with the contract based at least on the estimated residual value of the project.
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29. A method for underwriting a distributed power project, comprising:
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dividing the project into discrete components which can be analyzed individually;
estimating a remaining useful life of at least one discrete component of the project based at least on operational data and historical data corresponding to the discrete component;
estimating an accrual rate for upkeep services associated with maintaining the at least one discrete component;
using the remaining useful life and the upkeep accrual rate to calculate a residual value for the at least one discrete component; and
providing an option for underwriting the distributed power project based at least on the residual value. - View Dependent Claims (30, 31, 32, 33, 34)
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35. A system for providing project value assurance services in a distributed power project, comprising:
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a jurisdictional knowledge unit that receives and parses information relating to a jurisdiction within which the distributed power project resides;
an economic processing engine, receiving information from the jurisdictional knowledge unit, said economic processing engine performing calculations; and
a user interface, receiving an output from the economic processing engine, said user interface providing a user with a standardized document in response to user input containing information about the project and the jurisdiction in which the project lies. - View Dependent Claims (36, 37, 38, 39)
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40. A method for producing a pricing option corresponding to an economic risk in a multi-component distributed power project, comprising:
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collecting operational data corresponding to at least one component of the distributed power project;
obtaining historical data corresponding to said at least one component from a historical data source;
performing a processing function according to a model, which uses the operational data and the historical data, to yield an output corresponding to a future residual value of the distributed power project; and
presenting a user with a pricing option for the distributed power assurance service, based at least in part on the future residual value of the at least one component.
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Specification