General Electric had 13 patents in digitalization during Q1 2024. The patent describes a dispatch advisor for power plants to optimize operational revenue by selecting operating conditions. It includes a base load map with primary and expanded base load operating spaces, allowing for visualization of revenue possibilities based on power output and efficiency. GlobalData’s report on General Electric gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
General Electric grant share with digitalization as a theme is 69% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Dispatch advisor to assist in selecting operating conditions of power plant that maximizes operational revenue (Patent ID: US20240095623A1)
The patent filed by General Electric Co. describes a dispatch advisor system for selecting operating conditions of a power plant to maximize operational revenue. The system obtains a flexible load map that includes a primary load operating space and an expanded load portion, associating power output and efficiency values based on operational parameter values. The system partitions the load map into operating segments, determines revenue generated from each segment considering market conditions, generates visualizations of revenue, and adjusts plant operation automatically based on the obtained data.
The method and system outlined in the patent involve operating a power plant with a gas turbine, obtaining a flexible load map, partitioning it into segments, determining revenue based on market conditions, generating visualizations, and adjusting plant operation accordingly. The system includes interactive features for user input and exploration of revenue possibilities, allowing for adjustments in operational parameters to optimize revenue generation. The patent aims to provide a tool for power plant operators to make informed decisions regarding operating conditions to maximize revenue based on real-time market conditions and plant efficiency.
To know more about GlobalData’s detailed insights on General Electric, buy the report here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
