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February 6, 2020

Samsung is Expanding Energy Management

Energy Financial Settlements Patent Forecast®

Samsung's recently issued patent for the Energy Financial Settlement sector relates to a gateway for managing energy use.

The gateway includes an energy management user interface (EMUI), able to notify users of demand response events. Users can be notified via a text message, which includes a request to participate in a demand response event, and an agreement to pay for participation. Accepted payment methods include credits, cash, rewards, points, contribution to education funds, discounts on energy rates, or any combination.

The EMUI is also able to determine an estimate of what energy savings are for a specific site, allowing users to make informed purchasing decisions.

Industry, Scarf Dream, Armature, Power Generation

Relevant Patent Documents

Patent 10551861  

Energy Financial Settlements   Patent Forecast®

View Patent Forecast® Top Corporations News and Insights Data Visualization

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.