System, method, and apparatus for settlement for participation in an electric power grid
First Claim
1. A system for market-based settlement of transactions within an electric power grid network comprising:
- a settlement processor;
at least one coordinator; and
at least one active grid element;
the settlement processor for market-based financial settlements comprises a server or a processor operatively coupled with a memory, constructed and configured for electrical connection and IP-based communication via a network with the at least one active grid element;
the at least one active grid element communicates with at least one coordinator via the network in real-time or in a predetermined timeframe;
each of the at least one active grid element provides automated messaging to the settlement processor;
the settlement processor provides automated messaging used for a market-based financial settlement based upon revenue grade metrology data generated by the at least one active grid element from a participation in an electric power grid and a kilowatt packet (KWP) unit; and
each KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time.
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Accused Products
Abstract
Systems, methods, and apparatus embodiments for electric power grid and network registration and management of physical and financial settlement for participation of active grid elements in supply and/or curtailment of power, wherein Internet Protocol (IP)-based messages including IP packets are generated by transforming raw data content into settlement grade content. Settlement is provided for grid elements that participate in the electric power grid following initial registration of each grid element with the system, preferably through network-based communication between the grid elements and a coordinator, either in coordination with or outside of an IP-based communications network router. Messaging related to settlement is managed through a network by a Coordinator using IP messaging for communication with the grid elements, with the energy management system (EMS), and with the utilities, market participants, and/or grid operators.
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Citations
27 Claims
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1. A system for market-based settlement of transactions within an electric power grid network comprising:
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a settlement processor; at least one coordinator; and at least one active grid element; the settlement processor for market-based financial settlements comprises a server or a processor operatively coupled with a memory, constructed and configured for electrical connection and IP-based communication via a network with the at least one active grid element; the at least one active grid element communicates with at least one coordinator via the network in real-time or in a predetermined timeframe; each of the at least one active grid element provides automated messaging to the settlement processor; the settlement processor provides automated messaging used for a market-based financial settlement based upon revenue grade metrology data generated by the at least one active grid element from a participation in an electric power grid and a kilowatt packet (KWP) unit; and each KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 27)
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26. A system for market-based settlement of transactions within an electric power grid network comprising:
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a settlement processor; at least one coordinator; and at least one active grid element; the settlement processor for market-based financial settlements comprises a server or a processor operatively coupled with a memory, constructed and configured for electrical connection and IP-based communication via a network with the at least one active grid element; the at least one active grid element communicates with at least one coordinator via the network in real-time or in a predetermined timeframe; each of the at least one active grid element provides automated messaging to the settlement processor; the settlement processor provides automated messaging used for generating a market-based financial settlement based upon revenue grade metrology data provided by the at least one active grid element from its participation in an electric power grid and a kilowatt packet (KWP) unit; and
each KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time.
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Specification