After struggling with debt and growth, and having described 2019 as a "reset year," GE Power introduced new predictive analytics applications for the power industry. The applications include reducing outage restoration time, finding data errors and maintaining network data integrity, and mitigating the impact of inertia from large power generators on grid reliability.
In the Energy Financial Settlement sector, General Electric was issued a patent last year for economic optimization of power generation systems, indicating its general direction towards targeting inefficiencies in the grid and energy usage. However, it noticeably lacks patent filings in the past 5 years. Will this announcement of new technology applications signal upcoming patent activity for GE?
Decentralization of the world's electrical power generation continues with the introduction of demand response, distributed generation, and microgrid technologies. This Patent Forecast evaluates the fundamental payment and settlement state of the art of clearing and processing energy payment transactions.
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Decentralization of the world's electrical power generation continues with the introduction of demand response, distributed generation, and microgrid technologies. This Patent Forecast evaluates the fundamental payment and settlement state of the art of clearing and processing energy payment transactions.