Kentucky Patent of the Month – November 2023
Virtual Peaker, Inc. is building the solutions needed to effectively manage and balance energy use across all in-home devices. As a result of this commitment to research and development, the company has been granted a patent for their approach to managing energy charging and discharging patterns. Marketed as Envision, the platform ensures users have a reliable supply of power at the best price with load forecasting.
At its core, this innovation aims to revolutionize the management of energy resources by forecasting energy prices and using this insight to intelligently govern the charging and discharging of controllable devices. The brilliance lies in its ability to predict energy costs over specific periods and synchronize the device’s operation accordingly.
This is far from a conventional on-off switch. It utilizes predictive algorithms to anticipate the ebb and flow of energy costs, ensuring optimal consumption and reduced expenses for the consumer.
This technology isn’t just about immediate adjustments; it’s a visionary strategy that seeks to elevate energy consumption into a responsive, strategic process. Imagine electric vehicles charging precisely when rates are at their lowest, or water heaters optimizing their energy intake during cost-effective periods.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
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