Wyoming Patent of the Month – September 2023

Electricity is an integral part of modern life, powering our homes, businesses, and industries. Yet, the traditional methods of generating and distributing electricity come with their own set of challenges, including environmental concerns and grid stability issues. This is where innovative solutions like those offered by Orison, Inc. come into play, transforming the landscape of energy storage and grid management.

Historically, electricity has been generated through the burning of fossil fuels like coal, oil, and natural gas. While effective in meeting energy demands, this approach has significant environmental drawbacks, including carbon emissions that contribute to climate change. Additionally, the centralized nature of power generation often leads to electricity production being located far from where it’s needed, necessitating long-distance transmission through the electric grid.

The electric grid, the network responsible for transmitting electricity from producers to consumers, has served us well for decades but is now showing signs of strain. It’s a legacy system built on outdated infrastructure, unable to efficiently handle the fluctuating demands of today’s consumers or the intermittent power generation from renewable sources like wind and solar.

The fluctuations in electricity demand and supply pose a significant challenge. Peaks in demand can overload transformers, leading to brownouts or even blackouts. On the other hand, low demand can cause excess energy to be dumped, wasting valuable resources. To address these issues, utilities have introduced various pricing models to incentivize consumers to change their energy usage patterns, but these approaches have limitations.

Orison’s energy storage units are designed to store excess energy during periods of low demand and release it during peak times, effectively stabilizing the grid and reducing waste. The energy storage units are equipped with electrical inputs to receive electricity from the grid, energy storage cells for storing this electricity as chemical energy, and electrical outputs to supply stored electricity back to the grid when needed. A control unit manages these processes.

Orison’s control units are responsible for determining when to store and release electricity. They can receive commands remotely, allowing for flexible grid management. Users can program these units to withdraw and supply energy based on their specific needs.

The Orison system not only stabilizes the grid but also augments its performance. By intelligently managing energy flow, it reduces the need for large-scale peaker plants, which are costly and often underutilized. The system promotes the use of renewable energy sources by efficiently integrating them into the grid. This reduces our reliance on fossil fuels and lowers carbon emissions, contributing to a cleaner environment.

Orison’s innovative approach to energy storage and grid management marks a significant step toward a more sustainable and efficient energy future. By empowering consumers to actively participate in grid stabilization and renewable energy integration, Orison is at the forefront of transforming our energy landscape. 

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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Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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