COOPERATIVE ENVIRONMENTAL AND LIFE BENEFIT EXCHANGE SYSTEM

Abstract

A cooperative environmental and life benefit exchange system is presented. The system includes a grid for transmitting available electrical energy, a plurality of rate payers using energy generated from renewable energy sources, a plurality of utility companies providing the grid, a plurality of credits redeemable for acquiring one or more of a plurality of life benefits, and an administrator overseeing a redemption process. In one embodiment, credits are accumulated by the rate payers based on either a predetermined amount of electrical energy purchased from or sold back to the grid. In the redemption process the credits accumulated by the rate payers are redeemed at a redemption rate to provide a redemption value. The redemption value is remitted by the rate payers to satisfy benefit cost for acquiring the life benefits, or portions thereof.

Claims

1. A cooperative environmental and life benefit exchange system, comprising: a grid network including a plurality of transmitting facilities for transmitting available electrical energy; a plurality of energy generation systems cooperating within the grid network, the energy generation systems include renewable energy generation systems for generating electrical energy provided to the grid network; a plurality of consumer accounts for tracking purchases from the grid network, electrical energy generated from renewable energy sources, and the purchased electrical energy used at a site of the consumer; a plurality of credits accumulated in the plurality of the consumer accounts through the purchase of electrical energy generated from renewable energy sources, a value of each credit corresponding to a predetermined amount of electrical energy generated from renewable energy sources used and purchased from the grid network in energy purchase and sale transactions; a plurality of life benefits each acquired at a benefit cost, the plurality of life benefits selected from a group consisting of health insurance, life insurance, educational assistance, retirement savings, housing allowance, and food allowance; and a data processor configured to register and track the plurality of credits within the exchange system, the data processor determines an amount of credits assigned to each of the consumer accounts based on usage and purchases in the energy purchase and sale transactions and supervises a redemption process by which the credits accumulated by one or more of the plurality of consumer accounts are periodically redeemed at a redemption rate to provide a redemption value, the redemption value being remitted to satisfy the benefit cost for acquiring one or more of the life benefits, or portions thereof.

2. The system of claim 1, wherein the renewable energy sources include at least one of solar, photovoltaic, wind, biomass, landfill gas, fuel cells, ocean thermal power, wave or tidal power, hydropower, selected municipal solid waste, and geothermal systems.

3. The system of claim 1, wherein the data processor is operatively coupled to a data store.

4. The system of claim 3, wherein the data store stores information including at least one of information for identifying consumer accounts, information for identifying energy generation systems, credit information, information regarding the energy purchase and sale transactions, information regarding benefits and benefit cost corresponding thereto, and redemption rate information.

5. The system of claim 3, wherein the data store stores at least one of a variable representing a rate at which energy usage is converted to a credit, and a variable representing the redemption rate.

6. The system of claim 1, wherein the data processor receives a value representing a number of the credits that are to be allocated to each of the consumer accounts.

7. The system of claim 1, wherein the plurality of energy generation systems provide the data processor with information corresponding to the energy purchase and sale transactions conducted between the energy generation systems and the consumer accounts within a given period, and wherein the data processor calculates a value representing a number of credits that are to be allocated to each of the respective consumer accounts.

8. The system of claim 1, further including a second plurality of consumer accounts, the second plurality of consumer accounts being associated with one or more of the consumer accounts and for receiving the redemption values of redeemed credits of the associated consumer accounts.

9. The system of claim 8, wherein the second plurality of consumer accounts are maintained at a financial institution.

10. The system of claim 1, wherein the data processor is comprised of a cooperative interface executing on a computer processing system to host a plurality of web pages, the web pages being accessible in real-time for viewing a total number of credits held by consumer accounts, for monitoring a status of the redemption values, and for evaluating available life benefits.

11. A method for converting usage of energy generated from renewable energy sources into credits redeemable to satisfy a benefit cost of acquiring at least a portion of a life benefit, the method comprising: transmitting available electrical energy through a grid network including a plurality of transmitting facilities; generating electrical energy through renewable energy generation systems cooperating within the grid network; providing the generated electrical energy to the grid network; tracking, through a plurality of consumer accounts, purchased electrical energy generated from renewable energy sources used at a site of a consumer; determining a number of credits corresponding to the purchased electrical energy used at the site of the consumer and accumulating a plurality of the credits in the plurality of the consumer accounts, a value of each credit corresponding to a predetermined amount of electrical energy generated from renewable energy sources used and purchased from the grid network in energy purchase and sale transactions; and employing a data processor configured to register and track the plurality of credits, the data processor determining an amount of credits assigned to each of the consumer accounts based on usage and purchases in the energy purchase and sale transactions and supervises a redemption process by which the credits accumulated by one or more of the plurality of consumer accounts are periodically redeemed at a redemption rate to provide a redemption value, the redemption value being remitted to satisfy a benefit cost for acquiring one or more life benefits, or portions thereof, the plurality of life benefits selected from a group consisting of health insurance, life insurance, educational assistance, retirement savings, housing allowance, and food allowance.

Description

BRIEF DESCRIPTION OF THE DRAWINGS

[0018] The features and advantages of the present invention will be better understood when the Detailed Description of the Preferred Embodiments given below is considered in conjunction with the figures provided.

[0019] FIG. 1 is a schematic block diagram illustrating conventional electrical energy generation and distribution between providers and consumers of such electrical energy as is known in the art;

[0020] FIG. 2 is a schematic block diagram depicting renewable energy generation and distribution options for the consumers of FIG. 1;

[0021] FIG. 3 is a schematic block diagram of some factors consumers consider when acquiring quality of life benefits with funds available to purchase such benefits;

[0022] FIG. 4 is a schematic block diagram of a cooperative environmental and life benefit exchange system in accordance with one embodiment of the present invention; and

[0023] FIG. 5 is a block diagram of a computer network configured for implementing, in accordance with one embodiment of the present invention, the cooperative environmental and life benefit exchange system of FIG. 4.

[0024] In these figures like structures are assigned like reference numerals, but may not be referenced in the description of all figures.

DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENTS

[0025] FIG. 4 illustrates one embodiment of a cooperative environmental and life benefit exchange system 400, in accordance with the present invention, wherein consumers of electrical energy, shown generally as rate payers 420, receive one or more life benefits 600 (or portions thereof) based at least in part on the rate payers' purchase or generation of electrical energy from renewable power sources. As described herein, the cooperative environmental and life benefit exchange system 400 provides a mechanism by which credits 410 are accumulated by rate payers 422 that purchase electrical energy E from utility companies 430 generating the electrical energy E with renewable energy (RE) systems including, for example, solar, photovoltaic, wind, biomass, landfill gas, fuel cells (using renewable or non-renewable fuels), ocean thermal power, wave or tidal power, hydropower, selected municipal solid waste, and geothermal systems. In one embodiment, credits 410 are also accumulated by rate payers 424 that are generating the electrical power E with their own RE systems 426. In one embodiment, a credit 410 corresponds to a predetermined amount of electrical power E purchased from or sold back to the grid 40. For example, in one embodiment, one (1) credit is allocated for each one kilowatt-hour (1 kWh) of renewable energy E purchased by the rate payer 422, and one (1) credit is allocated for each one kilowatt-hour (1 kWh) of renewable energy E generated by the rate payer 424 and sold back to the grid 40. It should be appreciated that it is within the scope of the present invention to employ other credit to kilowatt-hour relationships. As described below, each of the credits 410 is redeemable by or on the behalf of rate payers 420 for a predetermined monetary value that is applied to costs of acquiring the life benefits 600 (e.g., benefit costs) such as, for example, health insurance 610, life insurance 620, educational assistance 630, retirement savings 640, housing allowance 650, food allowance 660 as well as other quality of life benefits, for themselves and/or their dependants, for example, a designated third party or beneficiary such as, e.g., a child, spouse, parent, employee, and the like. In one embodiment, an employer generates renewable energy E at its place of business and sells surplus back to the grid 40. Rather than keeping credits 410 accumulated from such activity, the employer may disperse the credits 410 received between two or more of its employees, shareholders, or the like.

[0026] As shown in FIG. 4, an administrator 450 registers and tracks the credits 410 acquired by each of the rate payers 420, e.g., the rate payer 422 and the rate payer 424, throughout the system 400. In one embodiment, the administrator 450 employs a cooperative interface 460 such as, for example, a data processing system including a data processor 462 executing program instructions for determining the credits 410 based on energy E purchase and sale transactions and for conducting redemption thereof. In one embodiment, the data processor 462 is operatively coupled to a data store 470. In one embodiment, the data store 470 stores information 472 for identifying rate payers 420, information 474 for identifying utility companies 430, credit information 476, transaction history information 478 and other information necessary or desirable for operating the system 400 such as, for example, variables representing a rate at which energy usage is converted to credits, information detailing energy E purchase and sale transactions and variables corresponding to time periods and rates used within a redemption process described below. In one embodiment, the administrator 450 receives a value representing a number of credits 410 that are to be allocated to each of the rate payers 420 as calculated individually by each of the utility companies 430. In another embodiment, the utility companies 430 provide the administrator 450 with information corresponding to purchase and sale transactions for energy E conducted between the utility companies 430 and the rate payers 420 within a given period, and the administrator 450 calculates the values representing the number of credits 410 that are to be allocated to each of the respective rate payers 420.

[0027] At a predetermined time period such as, for example, monthly, quarterly, semi-annually, annually or the like, or after the accumulation of a predetermined number of credits (e.g., a triggering event), a redemption process 480 is initiated such that the credits 410 accumulated by the rate payers 420 are each redeemed for a predetermined monetary value. A total monetary value for all redeemed credits 410, for example, a redemption value, is provided to the rate payers 420 after redemption and is used by the rate payers 420 to satisfy costs of acquiring the aforementioned life benefits 600 (e.g., benefit costs), or portions thereof. As illustrated in FIG. 4, during the redemption process 480, each credit is redeemable for purchasing, or applied toward the purchase of, a predetermined unit of, or percentage of, a desired one of the life benefits 600. In one embodiment, redemption is supervised by the administrator 450, and the utility companies 430 participating in the system 400 agree, upon occurrence of the triggering event, to remit to the administrator 450 at a predetermined monetary exchange or redemption rate 484 a monetary value representing the monetary equivalent of the total credits 410 held by each of the rate payers 420. For example, at redemption, the administrator 450 requires each of the utility companies 430 within the system 400 to individually remit monetary consideration 482 sufficient to redeem the accumulated credits 410 issued by the individual utility companies 430 or arising from transactions involving the individual utility companies 430. In one embodiment, the utility companies 430 redeem credits 410 at the redemption rate 484 based on, for example, a ratio or percentage of each dollar (revenue) received by the utility company 430 from the rate payers 420 in satisfaction of their monthly billing statements. The total monetary value of the redeemed credits (e.g., the redemption value of the credits) is allocated to accounts 510 assigned to each of the rate payers 420. In one embodiment, the redemption rate is a predetermined percentage of, for example, one percent (1%) of the kilowatt-hour rate the utility company 430 charges its rate payers 420 for their energy usage.

[0028] In one embodiment, when the accumulated credits 410 are based on energy E sold back to the grid 40, the redemption rate 484 is a predetermined percentage of, for example, one percent (1%) of the revenue the utility company 430 receives from the sale or trade of RECs or Carbon Credits in a commodities exchange 436 (e.g., the CCX), or a fixed monetary value based on, for example, a benefit in terms of achieving compliance, the utility company 430 receives by meeting its regulatory mandates as specified by, for example, the RPS, or based on an efficiency rate of RE being generated. As should be appreciated, it is within the scope of the present invention to provide differing redemption rates and associated dollar percentages for redemption.

[0029] As shown in FIG. 4, at the conclusion of the redemption process 480, redemption values 512, e.g., portion of the consideration 482 corresponding to each of the rate payers, reside in one or more accounts 510 associated with the rate payers 420 based on the rate payers' redemption of credits 410. In one embodiment, the accounts 510 are maintained by a third party 500 that is not associated with the administrator 450 such as, for example, in a bank or other financial institution. Alternatively, the administrator 450 maintains the accounts 510. At a predetermined period such as, for example, monthly, quarterly, yearly, or concurrently with the conclusion of the redemption process 480, the rate payers 420 use the funds 512 in the accounts 510 to satisfy benefit costs for obtaining one or more of the aforementioned life benefits 600, or portion thereof, made available through the system 400. For example, the rate payer (RP1) 422 having the redemption value 512 in an account 514 directs payment 512 of a health insurance premium 612 (e.g., the benefit cost) such that the rate payer RP1 422 receives the benefit of health insurance coverage 614 paid totally, or in part, from credits 410 accumulated and redeemed based on the rate payer's RP1 purchase or sale transactions of electricity E generated from RE sources or other energy conservation activities. In one embodiment, an insurance company 700 issues and maintains the health insurance coverage 614 provided to the rate payer RP1 422, as well as one or more of the other rate payers 420 in the system 400 by providing or sponsoring one or more life benefits 600 such as, for example, the health insurance 610, the life insurance 620, the education 630, the retirement 640 and other benefits. In one embodiment, two or more accounts 510 of a rate payer may be used to satisfy benefit costs for acquiring one or more of the life benefits 600. In one embodiment, the administrator 450 establishes and oversees rules or principles guiding redemption of credits 410 and acquisition of the life benefits 600.

[0030] As can be appreciated, the redemption of credits 410 for a monetary value and the presence of monetary funds (e.g., the redemption values 512) in the accounts 510 generates additional income that may be available within the system 400. For example, in one embodiment, the accounts 510 are interest bearing such that a rate of return is paid into the accounts 510 as is generally known with most consumer bank accounts. In one embodiment, the rate of return or interest is added to the accounts 510 to increase the redemption value 512 available to the rate payers 420 to purchase the life benefits 600. In one embodiment, a portion of the rate of return or interest is payable to the administrator 450 to compensate the administrator 450 for its supervisory role in the system 400, or to offset the administrator's expenses in supervising the system 400. In one embodiment, a portion of the consideration 482 paid by the utility companies 430, a portion of the rate of return realized from funds in the accounts 510, or another source of revenue are made available (e.g., loaned) to rate payers 420 and/or the utility companies 430 to encourage investment in renewable energy sources for the generation of clean electrical energy E. As can be appreciated, other sources of revenue may include governmental initiatives, private funding or the like, intended to encourage development of clean energy. In one embodiment, a rate of return or interest is realized from any loan made to rate payers 420 and utility companies 430 for such development. In one embodiment, the interest from such loans is also made available or reinvested in the system 400, for example, to make new loans.

[0031] In one aspect of the invention, the cooperative environmental and life benefit exchange system 400 is provided in, for example, a client-server computer architecture. For example, as shown in FIG. 5, a client-server configured computer processing system 800, operating in accordance with one embodiment of the present invention to implement techniques as described herein, provides the cooperative environmental and life benefit exchange system 400. As shown in FIG. 5, the system 800 includes a plurality of client devices (e.g., Client 1-M), shown generally at 820, operatively coupled to a server device 830 over a communication network 840 such as, for example, the Internet, an intranet, an extranet, or like distributed communication platform connecting computing devices over wired and/or wireless connections. As is known to those skilled in the art, the client devices 820 and the server 830 each include a processor, computer-readable medium or memory, and input-output devices including devices for facilitating communication over the network 840. The processor executes program instructions stored in the memory such that clients (e.g., the rate payers 420, utility companies 430, administrator 450, financial institution 500, insurance company 700, and the like) operating individual ones of the client devices 820 or server device 830 communicate over the network 840 with other client devices 820 as well as other computing devices coupled to the network 840. It should be appreciated that the client devices 820 include, for example, a personal computer (PC), workstation, laptop, tablet computer, personal digital assistant, pocket PC, Internet-enabled mobile radiotelephone, pager or like portable computing devices.

[0032] As shown in FIGS. 4 and 5, the server 830 is coupled to the data store 470. It should be appreciated that the data store 470 may be a relational data base, object oriented data base or other suitable data repository, as is known in the art. As noted above, in one embodiment, the data store 470 stores information 472 for identifying rate payers 420, information 474 for identifying utility companies 430, credit information 476, transaction history information 478 and other information necessary or desirable for operating the system 800. In one embodiment, the server 830, the cooperative interface 460 operating thereon, and the data store 470 make information accessible to the rate payers 420, the utility companies 430, the financial institution 500, the insurance company 700, and others, operating one of the client devices 820 by connecting to the server 830. For example, the cooperative interface 460 executes on the server 830 to host a home page and other web pages, shown generally at 832, that are requested by one or more of the rate payers 420, the utility companies 430, the financial institution 500, and the insurance company 700 through designation of a Uniform Resource Locator (URL) identifying the web pages 832 and to provide access to the server 830 from other computing devices 820 coupled to the network 840. In one embodiment, the web pages 832 may be accessed in real-time to determine a total number of credits 410 held by one of the rate payers 420, to monitor status of the accounts 510, or to evaluate options of available life benefits 600 offered through the system 800. In one embodiment, the client devices 820 and the server 830 may access third party computer systems (e.g., the energy commodities trading system 436).

[0033] In one embodiment, access to the web pages 832, server 830, the data store 470, selected portions thereof, and/or to selected services and functionality provided by the system 800 (e.g., redemption 480, life benefits 600), is restricted to registered (e.g., member) ones of the rate payers 420, the utility companies 430, the financial institution 500, the insurance company 700 and others. The client devices 820 execute programs such as, for example, web browser software to request, receive and review the web pages 832. The web pages 832 are generally written in a language that permits a graphical presentation of information (text, images, audio, video, and the like) to persons operating a computing device. Languages include for example, the Hyper-Text Markup Language (HTML), Extensible Markup Language (XML) or another Standard Generalized Markup Language (SGML), as are generally known in the art.

[0034] Some perceived benefits of implementing various aspects of the inventive cooperative environmental and life benefit exchange system 400 include, for example, the following.

[0035] From a rate payer's perspective, the system 400 provides access to electrical energy generated from renewable sources that may have been previous beyond their financial ability to obtain, while also receiving credits that can be used to continue or to acquire life benefits that may also have previously been out of their reach financially. In some embodiments, funds accumulated in accounts after redemption of credits may provide some tax benefits. For example, in one embodiment, the accounts 510 may be tax-deferred accounts. Also, participation in programs such as retirement programs (e.g., an IRA fund) may provide benefits for rate payers.

[0036] From a utility company's standpoint, the system 400 may be seen as a marketing vehicle wherein incentives (e.g., the credits) are provided to rate payers that purchase energy from the utility company. As such, the utility company may increase its customer base by offering participation in the system 400 to its customers. Moreover, as described herein utility companies have certain mandates to minimize harmless greenhouse emissions and/or deploy systems generating energy from renewable sources. As such, participation in the system 400 may provide the utility company with a ready market for renewable energy.

[0037] From an insurance company or other company that sponsors or offers one or more of the aforementioned life benefits 600 standpoint, participation in the system 400 may lead to increase customer base by offering a product that has heretofore not been available, e.g., a health insurance policy whose premium is funded totally, or in part, by the customer's energy usage or generation.

[0038] From a financial institution's standpoint, participation in the system 400 may lead to increase customer base as one or more of the rate payers may now have accounts (e.g., one or more of the accounts 510) under the institutions management. As in generally known, by increasing the financial institution's assets under management, the institution may obtain one or more additional sources of revenue by reinvesting the funds in the accounts 510. Moreover, the institution may chose to become a featured lender that offers loans for acquisition of renewable energy generating resources by residential, commercial, governmental, non-profit and other organizations as rate payers or utility providers in the system 400.

[0039] As should also be appreciated, the system 400 is seen as a means for bolstering demand for renewable energy technology that may stimulate and encourage investment in the electrical infrastructure (e.g., the grid) such that the grid may gradually be transformed to a more environmentally friendly network of electrical power.

[0040] One or more embodiments of the present invention have been described. Nevertheless, it will be understood that various modifications may be made without departing from the spirit and scope of the invention. Accordingly, other embodiments are within the scope of the following claims.

[0041] Although this invention has been shown and described with respect to the detailed embodiments thereof, it will be understood by those of skill in the art that various changes may be made and equivalents may be substituted for elements and steps thereof without departing from the scope of the invention. In addition, modifications may be made to adapt a particular situation to the teachings of the invention without departing from the essential scope thereof. Therefore, it is intended that the invention not be limited to the particular embodiments disclosed in the above detailed description, but that the invention will include all embodiments falling within the scope of the above description.