Facilitating power transactions

• US 10,803,535 B2
• Filed: 04/20/2017
• Issued: 10/13/2020
• Est. Priority Date: 04/20/2017
• Status: Active Grant

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Pankanti, Sharathchandra Umapathirao, Rueger, Erik, Schaefer, Rolf
• Primary Examiner(s): Monfeldt, Sarah M
• Assistant Examiner(s): Gaw, Mark H
• Application Number:
  US15/492,145
• Publication Number:
  US 20180308183A1
• Time in Patent Office: 1,272 Days
• CPC Class Codes: G06N 20/00 Machine learning
• CPC Class Codes: G06N 3/006 based on simulated virtual individual or collective life forms, e.g. social simulations or particle swarm optimisation [PSO]
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 50/06 Energy or water supply

Abstract

The subject invention relates to employing interactive components and execution components to facilitate power transactions. In an example, a method includes receiving a first set of data from a set of agent components, wherein the first set of data represents a purchase, a transmission, a production, a sale or a consumption of energy; and facilitating execution, by the system, of a set of contracts between a first subset of agent components and a second subset of agent components based on the first set of data. In another example, a method can further include insuring, by the system, the set of contracts against a supply surplus of energy or a production shortage of energy.

Claims

1. A power transaction system, comprising:

a memory that stores computer executable components;

a processor that executes the computer executable components stored in the memory, wherein the computer executable components comprise;

an interaction component that receives, via the system, first information from a set of agent components regarding purchase, generation, sale or provisioning of energy by one or more devices via an electricity grid;

an execution component that facilitates;

execution of contracts between a subset of the set of agent components based on the first information and an inference of future energy usage, wherein the inference is determined by the system based on artificial intelligence performed by the system, and wherein the facilitating execution improves the efficiency of the process of transporting electricity; and

facilitates performance of an outlay of energy based on the execution and the inference;

a configuration component that performs enhanced data processing operations and value-add operations comprising facilitating a prediction of future electricity demands, accessing archived data and accessing collected data on the flow of electricity via the electricity grid;

a monitoring component that collects data regarding flow of electricity from a metering component, wherein the data is selected from a group comprising time stamps, member identification and energy consumption; and

billing component that utilizes second information from a validation component and the monitoring component to determine fulfillment of the contracts and transfer of money between the one or more devices based on a comparison of the data to a set of requirements of the contracts;

consumer agent component that accesses the information generated and collected by the configuration component, and employs artificial intelligence via a specialized computer and utilizing historical data, statistics and trends to predict within a defined level of confidence a demand for energy at a future date or time; and

a consumer member system that transmits the electricity across the electricity grid, wherein the power transaction system controls the deployment of electricity in a manner that minimizes or eliminates a need for excess storaqe capacity on the electricity grid and flow of electricity between the electricity grid and a consumer smart meter component of the power transaction system based on the artificial intelligence and corresponding prediction of at least one of the demand for energy at the future date or time.

2. The power transaction system of claim 1, further comprising an insurance agent component that determines whether to provide an insurance guarantee to the one or more devices of the contracts.

3. The power transaction system of claim 1, further comprising a validation component that validates at least one of the contracts.

4. The power transaction system of claim 1, further comprising an archiving component that archives details associated with at least one of power transaction events corresponding to the contracts, one or more money transfer activities between the one or more devices or collected data regarding flow of electricity from a metering component.

5. The power transaction system of claim 1, further comprising a producer agent component that estimates future production of electricity corresponding to the one or more devices.

6. The power transaction system of claim 5, wherein the producer agent component employs artificial intelligence to infer the future production of electricity from a second set of recurrently updated data corresponding to the interaction component and electricity supply criteria.

7. The power transaction system of claim 1, further comprising a pricing component that sets energy prices as a function of energy supply and demand for at least one of the purchase, the generation, the sale or the provisioning of energy.

8. The power transaction system of claim 1, further comprising:

a resale component that determines portions of the contracts for assignment to third party producers to facilitate fulfillment of the contracts;

the interaction component further ranks one or more candidate contracts eligible for the execution based on a user preference, a ranking preference by the subset of agent components, or a policy; and

an executive agent component that selects the contracts for the execution from one or more ranked candidate contracts based on a ranking by the interaction component.

9. A computer program product of a power transaction system for facilitating a power transaction between a set of agent components corresponding to one or more devices, the computer program product comprising a computer readable storage medium having program instructions embodied therewith, the program instructions executable by a processor to cause the processor to:

receive, by a device, a first set of data from a group of agent components, wherein the group of agent components comprises at least one of a consumer agent component, a producer agent component, a grid agent component or an insurance agent component;

facilitate execution of a set of contracts between at least a portion of the group of agent components based on the first set of data and an inference of future energy usage on an electricity grid, wherein the inference is determined by the device based on artificial intelligence performed by the device, and wherein the facilitating execution improves the efficiency of the process of transporting electricity;

facilitate performance of an energy activity based on the execution and the inference;

perform, by the device, enhanced data processing operations and value-add operations comprising facilitating a prediction of future electricity demands, accessing archived data and accessing collected data on the flow of electricity via the electricity grid;

access, by the device, the information generated and collected;

employ, by the device, artificial intelligence via a specialized computer and utilize historical data, statistics and trends to predict within a defined level of confidence a demand for energy at a future date or time;

collect, by the device, data regarding flow of electricity from a metering component, wherein the data is selected from a group comprising time stamps, member identification and energy consumption;

utilize, by the device, second information from a validation component and the monitoring component to determine fulfillment of the contracts and transfer of money between the one or more devices based on a comparison of the data to a set of requirements of the contracts; and

transmit, by the device, the electricity across the electricity grid based on a control of the deployment of electricity in a manner that minimizes or eliminates a need for excess storage capacity on the electricity grid and flow of electricity between the electricity grid and a consumer smart meter component of the power transaction system based on the artificial intelligence and corresponding prediction of at least one of the demand for energy at the future date or time.

10. The computer program product of claim 9, wherein the program instructions are further executable by the processor to cause the processor to:

provide insurance to at least a subset of contracts of the set of contracts.

11. The computer program product of claim 9, wherein the program instructions are further executable by the processor to cause the processor to:

monitor a second set of data representing a flow of electricity from a metering device.