Patents Assigned to New Virtus Engineering, Inc.
  • Patent number: 8280799
    Abstract: A method of anticipating a short-term future electrical energy demand of an energy trader's customers includes calculating a short-term future net electrical energy demand required to meet the demand of customer facilities which have a solar energy generating system or systems in a geographic region. The method further includes determining a resulting difference, expressed as a shortfall or surplus, between the short-term future net electrical energy demand and an amount of electrical energy purchased in long-term contracts for the supply of the customer facilities, and bargaining a buying price or a selling price for energy in a short-term future or day-ahead market based on the shortfall or surplus. A method for hedging energy sales or purchases in a short-term future or day-ahead market includes determining an historical performance of a regional net energy forecasting methodology for a facility or facilities which have solar energy generating systems in a geographical region.
    Type: Grant
    Filed: July 1, 2009
    Date of Patent: October 2, 2012
    Assignee: New Virtus Engineering, Inc.
    Inventor: James M. Bing