Energy technology company REstore NV was recently issued U.S. Patent No. 10,804,702 entitled, “Self-organizing demand-response system” for a more decentralized control system for smart grids. Patent ‘702 discloses a peer-to-peer system for managing grid operations for a pool of energy devices. A central computer must initiate the process, but off-loads much of it to the pool of energy devices.
Serving customers in the U.S. and Europe, REstore NV was acquired by Centrica plc in November 2017. REstore NV manages a peak load of 1.7GW for a variety of customers in Europe. U.S. competitors in the space include Causam Enterprises, Battelle Memorial Institute, and IBM among others.
Learn more about the development of smart city electric grids with a subscription to the Magic Number® Smart Cities: Electricity Grid Patent Forecast® which brings together relevant market data and patent activity to give your company the competitive edge it needs. Start your free trial today!
Smart Cities: Electricity Grid focuses on power grid management and security within a smart city, not including the monetization aspects of the grid.