MANAGING A DEMAND ON AN ELECTRICAL GRID USING A PUBLICLY DISTRIBUTED TRANSACTIONS LEDGER
First Claim
1. A method for managing a demand on an electrical grid, comprising:
- receiving, by an energy metering device, a capped total amount of cryptocurrency available to purchase units of energy from an energy provider over a period of time for a single network connected to the electrical grid, the capped total amount of cryptocurrency being recorded in a publicly distributed transaction ledger;
detecting, by the energy metering device, a plurality of energy consumption devices associated with the single network;
allocating, by the energy metering device, a portion of the cryptocurrency of the capped total amount of cryptocurrency to each energy consumption device, wherein the portion of the cryptocurrency allocated to each energy consumption device is recorded in the publicly distributed transaction ledger;
receiving, by the energy metering device, a request from an energy consumption device of the plurality of energy consumption devices that the energy metering device purchase an energy unit from the energy provider, using the portion of cryptocurrency allocated to the first energy consumption device, the request based on a current energy need of the first energy consumption device;
accessing, by the energy metering device, the publically distributed transaction ledger in response to receiving the request from the first energy consumption to verify that the first energy consumption device has a remaining amount of cryptocurrency; and
purchasing, by the energy metering device, a unit of energy from the energy provider to be delivered to the first energy device after verifying that the first energy consumption device has sufficient cryptocurrency to spend on energy.
2 Assignments
0 Petitions
Accused Products
Abstract
A method and system for managing a demand on an electrical grid is provided, including: receiving a capped total amount of cryptocurrency available to purchase units of energy from an energy provider, the capped amount of cryptocurrency being recorded in a publicly distributed transaction ledger, allocating a portion of the cryptocurrency of the capped total amount of cryptocurrency to each energy consumption device, wherein the portion of the cryptocurrency allocated to each energy consumption device is recorded in the ledger, receiving, a request from an energy consumption device of the plurality of energy consumption devices that the energy metering device purchase an energy unit, using the portion of cryptocurrency allocated to the first energy consumption device, accessing the publically distributed transaction ledger in response to receiving the request from the first energy consumption to verify that the first energy consumption device has a remaining amount of cryptocurrency.
17 Citations
20 Claims
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1. A method for managing a demand on an electrical grid, comprising:
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receiving, by an energy metering device, a capped total amount of cryptocurrency available to purchase units of energy from an energy provider over a period of time for a single network connected to the electrical grid, the capped total amount of cryptocurrency being recorded in a publicly distributed transaction ledger; detecting, by the energy metering device, a plurality of energy consumption devices associated with the single network; allocating, by the energy metering device, a portion of the cryptocurrency of the capped total amount of cryptocurrency to each energy consumption device, wherein the portion of the cryptocurrency allocated to each energy consumption device is recorded in the publicly distributed transaction ledger; receiving, by the energy metering device, a request from an energy consumption device of the plurality of energy consumption devices that the energy metering device purchase an energy unit from the energy provider, using the portion of cryptocurrency allocated to the first energy consumption device, the request based on a current energy need of the first energy consumption device; accessing, by the energy metering device, the publically distributed transaction ledger in response to receiving the request from the first energy consumption to verify that the first energy consumption device has a remaining amount of cryptocurrency; and purchasing, by the energy metering device, a unit of energy from the energy provider to be delivered to the first energy device after verifying that the first energy consumption device has sufficient cryptocurrency to spend on energy. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for managing a demand on an electrical grid, comprising:
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an energy provider, the energy provider configured to deliver a limited amount of energy to a single network, the energy provider determining a capped total amount of cryptocurrency available for purchase by the single network; and an energy metering device, the first energy metering device being associated with the single network, and communicatively coupled to the energy provider over a communication network; wherein the first energy metering device manages the demand on the electrical grid by; receiving, by the energy metering device, the capped total amount of cryptocurrency available to purchase units of energy from the energy provider over a period of time for the single network connected to the electrical grid, the capped total amount of cryptocurrency being recorded in a publicly distributed transaction ledger; detecting, by the energy metering device, a plurality of energy consumption devices associated with the single network; allocating, by the energy metering device, a portion of the cryptocurrency of the capped total amount of cryptocurrency to each energy consumption device, wherein the portion of the cryptocurrency allocated to each energy consumption device is recorded in the publicly distributed transaction ledger; receiving, by the energy metering device, a request from an energy consumption device of the plurality of energy consumption devices that the energy metering device purchase an energy unit from the energy provider, using the portion of cryptocurrency allocated to the first energy consumption device, the request based on a current energy need of the first energy consumption device; accessing, by the energy metering device, the publically distributed transaction ledger in response to receiving the request from the first energy consumption to verify that the first energy consumption device has a remaining amount of cryptocurrency; and purchasing, by the energy metering device, a unit of energy from the energy provider to be delivered to the first energy device after verifying that the first energy consumption device has sufficient cryptocurrency to spend on energy. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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20. A computer system, comprising:
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a processor; a memory device coupled to the processor; and a computer readable storage device coupled to the processor, wherein the storage device contains program code executable by the processor via the memory device to implement a method for managing a demand of an electrical grid, the method comprising; receiving, by an energy metering device, a capped total amount of cryptocurrency available to purchase units of energy from an energy provider over a period of time for a single network connected to the electrical grid, the capped total amount of cryptocurrency being recorded in a publicly distributed transaction ledger; detecting, by the energy metering device, a plurality of energy consumption devices associated with the single network; allocating, by the energy metering device, a portion of the cryptocurrency of the capped total amount of cryptocurrency to each energy consumption device, wherein the portion of the cryptocurrency allocated to each energy consumption device is recorded in the publicly distributed transaction ledger; receiving, by the energy metering device, a request from an energy consumption device of the plurality of energy consumption devices that the energy metering device purchase an energy unit from the energy provider, using the portion of cryptocurrency allocated to the first energy consumption device, the request based on a current energy need of the first energy consumption device; accessing, by the energy metering device, the publically distributed transaction ledger in response to receiving the request from the first energy consumption to verify that the first energy consumption device has a remaining amount of cryptocurrency; and purchasing, by the energy metering device, a unit of energy from the energy provider to be delivered to the first energy device after verifying that the first energy consumption device has sufficient cryptocurrency to spend on energy.
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Specification