System and method for optimizing returns of power feedstock producers
First Claim
1. A system for apportioning a stream of produced hydrocarbon fuel comprising:
- an electric power generator that is capable of generating electric power from the produced hydrocarbon fuel;
a battery electrically connected to the generator and capable of storing the electric power generated from the hydrocarbon fuel, said battery configured for selective connection to an electric power grid;
at least one electronically controlled valve configured to apportion the stream of produced hydrocarbon fuel between the electric power generator and a downstream fuel distributor; and
,a processor-based subsystem containing instructions for causing the processor toreceive information concerning the market price of the produced hydrocarbon fuel sold to the downstream fuel distributor;
receive information concerning the market price of electric power delivered to the electric power grid;
calculate a first portion of the stream of produced hydrocarbon fuel for delivery to the electric power generator wherein the calculated first portion is based upon the information concerning the market price of the produced hydrocarbon fuel sold to the fuel distributor and the information concerning the market price of electric power delivered to the electric power grid;
calculate a second portion of the stream of produced hydrocarbon fuel for delivery to a fuel distributor wherein the calculated second portion is equal to the total stream of produced hydrocarbon fuel minus the first portion and,actuate the at least one electronically controlled valve to apportion the first portion of the stream of produced hydrocarbon fuel to the electric power generator and the second portion of the stream of produced hydrocarbon fuel to the downstream fuel distributor.
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Accused Products
Abstract
A system and method for optimizing the returns of power feedstock producers includes automated selection between selling raw feedstock or generating power and storing it in a storage device for subsequent sale under more favorable market conditions. The system may comprise grid-scale electric power storage devices which enable a feedstock supplier—e.g., a natural gas producer—to utilize real-time market data to allocate a feedstock between its sale “as is”—i.e., as fuel or chemical feedstock—and use of the feedstock to produce electric power which may be stored for later sale when the market price for peaking electric power is favorable. In certain embodiments, the system may be entirely automated and the collection of market data, the allocation of feedstock and the generation and subsequent supplying of electric power to a grid may be entirely performed by the system without operator intervention.
22 Citations
2 Claims
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1. A system for apportioning a stream of produced hydrocarbon fuel comprising:
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an electric power generator that is capable of generating electric power from the produced hydrocarbon fuel; a battery electrically connected to the generator and capable of storing the electric power generated from the hydrocarbon fuel, said battery configured for selective connection to an electric power grid; at least one electronically controlled valve configured to apportion the stream of produced hydrocarbon fuel between the electric power generator and a downstream fuel distributor; and
,a processor-based subsystem containing instructions for causing the processor to receive information concerning the market price of the produced hydrocarbon fuel sold to the downstream fuel distributor; receive information concerning the market price of electric power delivered to the electric power grid; calculate a first portion of the stream of produced hydrocarbon fuel for delivery to the electric power generator wherein the calculated first portion is based upon the information concerning the market price of the produced hydrocarbon fuel sold to the fuel distributor and the information concerning the market price of electric power delivered to the electric power grid; calculate a second portion of the stream of produced hydrocarbon fuel for delivery to a fuel distributor wherein the calculated second portion is equal to the total stream of produced hydrocarbon fuel minus the first portion and, actuate the at least one electronically controlled valve to apportion the first portion of the stream of produced hydrocarbon fuel to the electric power generator and the second portion of the stream of produced hydrocarbon fuel to the downstream fuel distributor. - View Dependent Claims (2)
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Specification