Itron had three patents in advanced materials during Q2 2024. The patent filed by Itron Inc in Q2 2024 focuses on managing spinning reserves in an electrical utility system to account for unpredictable changes in electrical demand caused by varying cloud conditions for customers with solar panels. This is achieved by calculating stable forecasts of real-time consumption and load, controlling the spinning reserve based on these forecasts, and incorporating smoothed estimates of consumption data and distributed solar photovoltaic generation data. GlobalData’s report on Itron gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Itron had no grants in advanced materials as a theme in Q2 2024.
Recent Patents
Application: Electric grid load forecasts with distributed photovoltaic generation (Patent ID: US20240212070A1)
The patent filed by Itron Inc. focuses on managing a spinning reserve in an electrical utility system to account for unpredictable changes in electrical demand caused by varying cloud conditions affecting customers with solar panels. The method involves deriving stable forecasts of real-time consumption and measured load based on consumption data and distributed solar photovoltaic (PV) generation data. By subtracting the PV generation data from the consumption forecasts, the spinning reserve of the electricity system can be controlled more effectively. The system includes a processor and memory device containing instructions for managing the spinning reserve based on the stable load forecasts.
Additionally, the patent outlines the process of deriving forecasts of distributed solar PV generation data by combining solar irradiance forecasts with installed PV capacity data. It also details the derivation of smoothed consumption estimates through the application of smoothing methods and normalized similarity weights. The system is further configured to derive weighted smoothed estimates of PV generation data, with a focus on developing data similar to clear sky conditions. Overall, the patent aims to optimize spinning reserve management in response to changing cloud conditions and solar generation, ultimately improving the efficiency and cost-effectiveness of the electrical utility system.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
