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System and method for optimizing returns of power feedstock producers

  • US 9,385,531 B2
  • Filed: 08/24/2011
  • Issued: 07/05/2016
  • Est. Priority Date: 08/24/2010
  • Status: Active Grant
First Claim
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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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