James Michael Bing

US Patent:

7580817, Aug 25, 2009

Filed:

Aug 19, 2004

Appl. No.:

10/922253

Inventors:

James M. Bing - Concord MA, US

Assignee:

New Energy Options, Inc. - Littleton MA

International Classification:

G06G 7/48

US Classification:

703 6

Abstract:

A system, method and computer program product to assist in managing the physical plant mechanisms and market finances for a deregulated electricity grid or regulated utility grid, populated with solar electric generation capacity. This system provides tools to assist grid operators in the scheduling and dispatch of generation resources in an electrical grid populated with solar electric generation capacity, a week in advance, on an hourly basis. It also provides tools to assist companies engaged in generation, distribution and energy marketing, in the electrical power industry, to manage their contractual supply obligations in the day-ahead hourly wholesale market and the spot market, in an electrical grid populated with solar electric generation capacity. This process can also be used to predict solar loading of building structures, using forecast irradiance data as inputs to common building energy modeling programs, a week in advance, on an hourly basis.

US Patent:

8280799, Oct 2, 2012

Filed:

Jul 1, 2009

Appl. No.:

12/459455

Inventors:

James M. Bing - Concord MA, US

Assignee:

New Virtus Engineering, Inc. - Littleton MA

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35, 705 36 R

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. The method further includes estimating a difference between the maximum cost of energy in a spot market and an energy trader's minimum price of energy for each hour bid in the short-term future or day-ahead market, determining a risk factor associated with energy sales or purchases from the historical performance and the estimated difference, and purchasing or selling options to buy energy at the previous day's day-ahead market price based on the determined risk factor.

US Patent:

8527398, Sep 3, 2013

Filed:

Sep 14, 2012

Appl. No.:

13/619627

Inventors:

James M. Bing - Concord MA, US

Assignee:

NEO Virtus Engineering, Inc. - Littleton MA

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35, 705 36 R

Abstract:

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. The method further includes estimating a difference between the maximum cost of energy in a spot market and an energy trader's minimum price of energy for each hour bid in the short-term future or day-ahead market, determining a risk factor associated with energy sales or purchases from the historical performance and the estimated difference, and purchasing or selling options to buy energy at the previous day's day-ahead market price based on the determined risk factor.

US Patent:

20200257019, Aug 13, 2020

Filed:

Apr 24, 2020

Appl. No.:

16/858524

Inventors:

- Littleton MA, US
James M. Bing - Concord MA, US

International Classification:

G01W 1/12
H02S 50/00
G01W 1/10

Abstract:

In an embodiment, measurements are simulated of direct normal irradiance, diffuse horizontal and global horizontal irradiance from groups of two or more photovoltaic arrays and/or irradiance sensors which are located in close proximity to each other and which have different tilt and azimuth angles. Irradiance measurements derived from solar power system power measurements are combined with measurements made by irradiance sensors to synthesize an image of ground level global horizontal irradiance which can be used to create a vector describing motion of that image of irradiance in an area of interest. A sequence of these irradiance images can be transformed into a time series from which a motion vector can be derived. The motion vector can be applied to a current image of ground level irradiance and that image can be projected to a future point in time to provide a solar radiation forecast. These forecasts can be converted into forecasts of solar power system power in the area of interest.

US Patent:

20150177415, Jun 25, 2015

Filed:

May 30, 2013

Appl. No.:

14/403865

Inventors:

- Littleton MA, US
James M. Bing - Concord MA, US

International Classification:

G01W 1/12

Abstract:

In an embodiment, measurements are simulated of direct normal irradiance, diffuse horizontal and global horizontal irradiance from groups of two or more photovoltaic arrays and/or irradiance sensors which are located in close proximity to each other and which have different tilt and azimuth angles. 5 Irradiance measurements derived from solar power system power measurements are combined with measurements made by irradiance sensors to synthesize an image of ground level global horizontal irradiance which can be used to create a vector describing motion of that image of irradiance in an area of interest. A sequence of these irradiance images can be transformed into a time series from 10 which a motion vector can be derived.