Method of matching renewable energy production to end-user consumption via blockchain systems
OwnerTimothy MAYNE, Serge UMANSKYinventors
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Abstract
This invention enables a transparent matching of the electricity produced from renewable sources with the electricity consumed by end-users that have a preference for clean energy. This goal is achieved through a system of tagging energy using blockchain tokens. The proposed system is transparent, incorruptible and efficient in managing energy blockchain tokens and creates a valuable information resource which can be leveraged to promote and support consumption and production of renewable energy.
Claims20
An energy provision system comprising:
- a plurality of energy sources to introduce energy into the energy provision system;
- a plurality of energy sinks for consuming energy;
- an energy distribution system for distributing energy from the plurality of energy sources to the plurality of energy sinks;
- and
- a distributed blockchain application arranged to link energy introduced by the plurality of energy sources with energy consumed by the plurality of energy sinks by recording transfers of tokens associated with said introduced energy in a blockchain.
Energy source apparatus operable to introduce energy into an energy provision system, the energy source apparatus comprising:
- a meter for measuring energy introduced into the energy provision system;
- processor circuitry;
- and
- a peer blockchain application forming part of a distributed blockchain application, the peer blockchain application comprising instructions which, when executed by the processor circuitry, cause the processor circuitry to perform calculations associated with the transfer of tokens,
- wherein the meter is arranged to report measurements of energy introduced into the energy provision system to a token issuing system, thereby enabling tokens to be credited to an account associated the energy source apparatus in dependence on said amount of energy introduced into the energy provision system.
Energy sink apparatus comprising:
- a meter for measuring energy consumed from an energy provision system;
- processor circuitry;
- and
- a peer blockchain application forming part of a distributed blockchain application, the peer blockchain application comprising instructions which, when executed by the processor circuitry, cause the processor to perform calculations associated with the transfer of tokens,
- wherein the meter is arranged to report measurements of energy consumed to the distributed blockchain application, and wherein the peer blockchain application is arranged to perform transaction processing linking a transfer of tokens from another party to the energy sink apparatus with an energy trade associated with the provision of energy by said other party.
Dependencies are inferred from the claim text.