{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-10521868","patent":{"patent_number":"US-10521868","title":"System, method, and apparatus for settlement for participation in an electric power grid","assignee":null,"inventors":[],"filing_date":"2017-10-06T00:00:00.000Z","publication_date":"2019-12-31T00:00:00.000Z","cpc_codes":["G06Q","G05D","G05D","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q","G07F","H02J","H02J","H02J","H02J","H04L","H04L","H02J"],"num_claims":20,"abstract":"Systems and methods for market-based financial settlement in an electric power grid are disclosed. At least one active grid element is constructed and configured in network communication with a settlement processor. The at least one active grid element participates in the electric power grid by consuming power, supplying power, and/or curtailing power to provide operating reserves and/or grid stability for the electric power grid. The at least one active grid element generates at least one kilowatt packet (KWP) unit based upon measured data for the participation in the electric power grid. The at least one active grid element transmits at least one IP-based settlement message to the settlement processor. The settlement processor provides a market-based financial settlement for the participation of the at least one active grid element based on the at least one KWP unit in real time or near real time."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"System, method, and apparatus for settlement for participation in an electric power grid","description":"Systems and methods for market-based financial settlement in an electric power grid are disclosed. At least one active grid element is constructed and configured in network communication with a settle","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-10521868","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-10521868","citation_suggestion":"Patentable. \"System, method, and apparatus for settlement for participation in an electric power grid\" (US-10521868). https://patentable.app/patents/US-10521868","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-10521868","json":"https://patentable.app/api/llm-context/US-10521868","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-30T15:57:28.171Z"}