NEC Looks to Buy Back Power
An invention (U.S. Patent Pub. No. 20190392534) by NEC Corporation filed in October of 2017 allows for a power producer to purchase back power produced for consumption in associated facilities at a desired rate. Effectively, a power producer can now purchase back power generated to power its facilities at a rate that makes fiscal sense. This technology helps reduce the cost of running a power generation facility and its associated facilities.
Similar technologies have been invented in the space of energy financial settlements, especially by NC-based Causam Enterprises as well as Johnson Controls and Samsung. As of this publication, Causam Enterprises has over 80 issued patents and is in much better standing than NEC Corp. in this space. NEC currently has 8 patents and 8 applications published.
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