US Patent Issued to Board of Regents, The University of Texas System, Southern Methodist University on April 15 for "Systems and methods for energy crowdsourcing and peer-to-peer energy trading" (Texas Inventors)

ALEXANDRIA, Va., June 5 -- United States Patent no. 12,278,491, issued on April 15, was assigned to Board of Regents, The University of Texas System (Austin, Texas) and Southern Methodist University (Dallas).

"Systems and methods for energy crowdsourcing and peer-to-peer energy trading" was invented by Shen Wang (San Antonio), Ahmad Fayez Taha (San Antonio) and Jianhui Wang (Dallas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A crowdsourced energy system includes a plurality of distributed energy resources managed by crowdsourcees of the system, a power network to which the distributed energy resources are connected, and a system operator that manages energy trading transactions and energy delivery within ...