General Electric had seven patents in ecommerce during Q1 2024. General Electric Co has developed a dispatch advisor for power plants to optimize operational revenue by selecting the best operating conditions. The advisor uses a base load map with primary and expanded operating spaces to achieve target power output and efficiency. It can provide visualizations of revenue possibilities based on different operational values. 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 ecommerce as a theme is 57% 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 that assists in selecting operating conditions for a power plant to maximize operational revenue. The system obtains a flexible load map that includes a primary load operating space for achieving target power output and efficiency, as well as an expanded load portion for higher power output with less optimal efficiency. By partitioning the load map into operating segments and considering various market conditions, the system determines revenue possibilities and generates visualizations to guide the selection of optimum operating conditions. The system can automatically adjust operational parameters of the gas turbine based on the revenue analysis, enabling efficient and revenue-maximizing operation of the power plant.
The method and system outlined in the patent involve mapping the primary and expanded load spaces into a two-dimensional array, with operational parameters such as firing temperature and fuel temperature affecting power output and efficiency. Revenue calculations consider income from capacity payments and power sales, as well as expenses like fuel costs and carbon taxes. The visualizations provided by the system help operators explore revenue possibilities under different market conditions, with interactive features allowing for direct manipulation of operational parameters to optimize revenue generation. Overall, the patent presents a comprehensive approach to managing power plant operations based on revenue considerations, enhancing efficiency and profitability in the power generation market.
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.
