Hygge Energy Inc. (20240248446). OPTIMIZING DISTRIBUTED ENERGY RESOURCE VALUE simplified abstract

OPTIMIZING DISTRIBUTED ENERGY RESOURCE VALUE

Organization Name

Hygge Energy Inc.

Inventor(s)

Rajagopalan Krishnamurthy of Toronto (CA)

Leticia Santana of Toronto (CA)

OPTIMIZING DISTRIBUTED ENERGY RESOURCE VALUE - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240248446 titled 'OPTIMIZING DISTRIBUTED ENERGY RESOURCE VALUE

Simplified Explanation: The patent application describes a system and method for allocating exported energy in a utility network by measuring exported and consumed energy, selecting allocation algorithms, and distributing energy accordingly.

• **Key Features and Innovation:**

   - Measurement of exported and consumed energy via IoT edge devices.
   - Storage of energy data on a memory coupled to a cloud computing infrastructure.
   - Selection and execution of allocation algorithms based on measured exported energy.
   - Distribution and assignment of exported energy to energy consumers in a community.
   - Differentiation of consumers based on selected allocation algorithms.

• **Potential Applications:**

   - Energy management in utility networks.
   - Optimization of energy distribution in communities.
   - Integration of renewable energy resources into existing networks.

• **Problems Solved:**

   - Efficient allocation of exported energy.
   - Balancing energy supply and demand.
   - Enhancing the utilization of distributed energy resources.

• **Benefits:**

   - Improved energy efficiency.
   - Cost savings for energy consumers.
   - Reduced environmental impact through better energy management.

• **Commercial Applications:**

   - "Smart Grid Energy Allocation System for Community Networks"
   - This technology can be utilized by utility companies, energy management firms, and smart city initiatives to optimize energy distribution and consumption.

• **Prior Art:**

   - Researchers and developers in the field of smart grid technology.
   - Energy management systems for distributed energy resources.

• **Frequently Updated Research:**

   - Ongoing advancements in IoT technology for energy monitoring.
   - Research on optimization algorithms for energy allocation in utility networks.

Questions about Energy Allocation System: 1. How does the system differentiate energy consumers based on allocation algorithms? 2. What are the potential challenges in implementing this energy allocation system on a large scale?

1. **A relevant generic question not answered by the article, with a detailed answer:** How does the system ensure data security and privacy when measuring and storing energy consumption information?

2. **Another relevant generic question, with a detailed answer:** What are the scalability considerations for this energy allocation system as the number of energy consumers in a community increases?

Original Abstract Submitted

a system and method for allocating exported energy in a utility network is provided. a system and method comprising measuring the exported energy and a consumed energy via one or more iot edge devices connected to a cloud computing infrastructure and coupled to one or more distributed energy resources in a community of energy consumers via a telecommunication network. storing the measured exported energy and consumed energy on a memory coupled to a processor in the cloud computing infrastructure. selecting one or more allocation algorithms executed by the processor based on the measured exported energy. distributing and assigning the exported energy according to the one or more allocation algorithms selected and differentiating the community of energy consumers based on the one or more allocation algorithms selected.