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Energy Financial Settlements


Samsung is implementing IoT technologies in smart cities to "improve the quality of life for their residents and manage infrastructure such as roads, energy, and water in an economically sustainable manner while reducing environmental pollution." What this means for the energy financial settlements sector is that Samsung has traditionally focused its patent portfolio on developing platforms for monitoring and controlling power grids to ensure their more efficient use. These platforms uses the Internet of Things to allow different parts of their platform, such as a central controlling station and delivery monitoring stations, to communicate with each other in real time. Recently however Samsung has begun to move into the more transcriptional side of energy financial settlements, designing the software and hardware that facilitates the buying and selling of energy itself, signalling a shift in Samsung's interest in the sector.

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