System, method and computer program product for enhancing commercial value of electrical power produced from a renewable energy power production facility
First Claim
1. A method for enhancing a commercial value of a unit of electric power produced by a renewable power production facility, comprising steps of:
- identifying a predetermined amount of power predicted to be produced from the renewable power production facility at a predetermined future time;
converting the predetermined power from the renewable power production facility to a unit of premier power for application to a power grid at a standard frequency;
selling on a market said unit of premier power for delivery at the predetermined future time;
delivering to the power grid the unit of power at the predetermined future time.
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Accused Products
Abstract
A method, system and computer program product enhance the commercial value of electrical power produced from a wind turbine production facility. Features include the use of a premier power conversion device that provides an alternative source of power for supplementing an output power of the wind turbine generation facility when lull periods for wind speed appear. The invention includes a communications infrastructure and coordination mechanism for establishing a relationship with another power production facility such that when excess electrical power is produced by the wind turbine facility, the excess may be provided to the power grid while the other energy production facility cuts back on its output production by a corresponding amount. A tracking mechanism keeps track of the amount of potential energy that was not expended at the other facility and places this amount in a virtual energy storage account, for the benefit of the wind turbine facility. When, the wind turbine power production facility experiences a shortfall in its power production output it may make a request to the other source of electric power, and request that an increase its power output on behalf of the wind turbine facility. This substitution of one power production facility for another is referred to herein as a virtual energy storage mechanism. Furthermore, another feature of the present invention is the use of a renewal power exchange mechanism that creates a market for trading renewable units of power, which have been converted into “premier power” and/or “guaranteed” by secondary sources of power source to provide a reliable source of power to the power grid as required by contract.
375 Citations
46 Claims
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1. A method for enhancing a commercial value of a unit of electric power produced by a renewable power production facility, comprising steps of:
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identifying a predetermined amount of power predicted to be produced from the renewable power production facility at a predetermined future time;
converting the predetermined power from the renewable power production facility to a unit of premier power for application to a power grid at a standard frequency;
selling on a market said unit of premier power for delivery at the predetermined future time;
delivering to the power grid the unit of power at the predetermined future time. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for enhancing a commercial value of a unit of electric power produced by a renewable power production facility, comprising:
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means for identifying a predetermined amount of power expected to be produced from the renewable power production facility at a predetermined future time;
means for converting the predetermined power from the renewable power production facility to a unit of premier power for application to a power grid at a standard frequency;
means for selling on a market said unit of premier power for delivery at a predetermined future time; and
means for delivering to the power grid the unit of power at the predetermined future time.
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12. A system for prognosticating an electric power output from a renewable power production facility and converting the electrical power output into a unit of premier power configured for sale on a market, comprising:
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means for receiving at least one of meteorological and oceanographic data from a forecasting and data analysis system;
means for receiving other data from at least one sensor positioned locally relative to the renewable power production facility;
means for predicting an electrical power output from the renewable power production facility from the at least one of meteorological and oceanographic data and the other data; and
means for converting the predetermined power from the renewable power production facility to the unit of premier power for application to a power grid, said unit of premier power being configured for sale on a market. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
means for forwarding a prognosticated electrical power output from the means for predicting to a renewable energy exchange.
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20. The system of claim 12, further comprising:
means for forwarding a prognosticated electrical power output from the means for predicting to an operator of a renewable energy production facility.
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21. The system of claim 12, further comprising:
means for forwarding a prognosticated electrical power output from the means for predicting to an operator of another power production facility.
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22. The system of claim 21, wherein said another power production facility being one of an energy-limited power production facility and a power-limited power production facility.
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23. The system of claim 12, wherein said means for predicting electrical power output from the renewable power production facility includes means for predicting the electrical power output within 5 days in advance of an actual production date.
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24. The system of claim 12, wherein said means for predicting electrical power output from the renewable power production facility includes means for predicting an amount of energy to be delivered more than 5 days in advance of an actual power production date.
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25. A method for prognosticating an electric power output from a renewable power production facility and converting the electrical power output into a unit of premier power configured for sale on a market, comprising steps of:
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receiving at least one of meteorological and oceanographic data from a forecasting and data analysis system;
receiving other data from at least one sensor positioned locally to the renewable power production facility;
predicting an electrical power output from the renewable power production facility from the at least one of meteorological and oceanographic data and the other data; and
converting the predetermined power from the renewable power production facility to the unit of premier power for application to a power grid, said unit of premier power being configured for sale on a market. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35)
forwarding a prognosticated electrical power output to a renewable energy exchange.
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32. The method of claim 25, further comprising a step of:
forwarding a prognosticated electrical power output to an operator of a renewable energy production facility.
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33. The method of claim 25, further comprising a step of:
forwarding a prognosticated electrical power output to an operator of another power production facility.
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34. The method of claim 25, wherein said step of predicting electrical power output from the renewable power production facility includes predicting the electrical power output within 5 days in advance of an actual production date.
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35. The method of claim 25, wherein said step of predicting electrical power output from the renewable power production facility includes predicting an amount of energy to be delivered more than 5 days in advance of an actual power production date.
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36. A computer program product for prognosticating an electric power output from a renewable power production facility and converting the electrical power output into a unit of premier power configured for sale on a market, comprising computer readable instructions that when executed on a processor perform steps of:
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receiving at least one of meteorological and oceanographic data from a forecasting and data analysis system;
receiving other data from at least one sensor positioned locally to the renewable power production facility;
predicting an electrical power output from the renewable power production facility from the at least one of meteorological and oceanographic data and the other data; and
converting the predetermined power from the renewable power production facility to the unit of premier power for application to a power grid, said unit of premier power being configured for sale on a market. - View Dependent Claims (37, 38, 39, 40, 41, 42, 43, 44, 45, 46)
forwarding a prognosticated electrical power output to a renewable energy exchange.
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43. The computer program product of claim 36, further comprising a step of:
forwarding a prognosticated electrical power output to an operator of a renewable energy production facility.
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44. The computer program product of claim 36, further comprising a step of:
forwarding a prognosticated electrical power output to an operator of another power production facility.
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45. The computer program product of claim 36, wherein said step of predicting electrical power output from the renewable power production facility includes predicting the electrical power output within 5 days in advance of an actual production date.
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46. The computer program product of claim 36, wherein said step of predicting electrical power output from the renewable power production facility includes predicting an amount of energy to be delivered more than 5 days in advance of an actual power production date.
Specification