US Patent Issued to Electric Power Board, an Independent Board of the City of Chattanooga on Jan. 20 for "Utility energy cloud exchange" (Tennessee Inventors)

ALEXANDRIA, Va., Jan. 20 -- United States Patent no. 12,531,417, issued on Jan. 20, was assigned to Electric Power Board, an Independent Board of the City of Chattanooga (Chattanooga, Tenn.).

"Utility energy cloud exchange" was invented by David Wade (Chattanooga, Tenn.) and Jim Ingraham (Chattanooga, Tenn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for accounting for and allocating energy value amongst (i) energy equivalent quantity (EEQ) suppliers associated with supplier accounts and that contribute EEQ to a total energy supply and (ii) energy consumers associated with a consumer account and that issue energy demands for energy. An energy cloud value allocation system (e-cloud) facilitates an...