Systems and methods for tokenization, management, trading, settlement, and retirement of renewable energy attributes

Patent metadata

Field	Value
Publication number	US-11544788-B1
Application number	US-202017087332-A
Country	US
Kind code	B1
Filing date	Nov 2, 2020
Priority date	Nov 1, 2019
Publication date	Jan 3, 2023
Grant date	Jan 3, 2023

Abstract

Systems and methods for tokenization, management, trading, settlement, and retirement of renewable energy attributes are disclosed. In one embodiment, in an information processing apparatus comprising at least one computer processor, a method for tokenization, management, trading, settlement, and retirement of renewable energy attributes may include: (1) identifying renewable energy generation data associated with a seller to tokenize; (2) generating at least one renewable energy token for the identified renewable energy generation data; (3) writing the renewable energy token to a first distributed ledger; (4) adding the renewable energy token to a digital wallet for the seller; (5) exchanging the renewable energy token for a cash token owned by a buyer by associating the renewable energy token with the buyer and associating the cash token with the seller on the first distributed ledger; and (6) retiring the renewable energy token.

First claim

What is claimed is:

1. A system for tokenization, management, trading, settlement, and retirement of renewable energy attributes comprising:
a selling entity comprising a selling entity information processing apparatus configured to sell a renewable energy credit;
a buying entity comprising a buying information processing apparatus configured to buy the renewable energy credit; and
a first distributed ledger system in which the selling entity and the buying entity participate as nodes in a distributed ledger network;
wherein:
the selling entity information processing apparatus is further configured to:
generate at least one renewable energy token for renewable energy generation data; and
write the renewable energy token to a first distributed ledger; and

the first distributed ledger system is further configured to:
add the renewable energy token to a digital wallet for the selling entity;
verify the renewable energy token by determining that the renewable energy token is not on a list of retired renewable energy tokens;
in response to the verification, exchange the renewable energy token for a cash token owned by the buying entity by associating the renewable energy token with the buying entity and associating the cash token with the selling entity on the first distributed ledger system; and

retire the renewable energy token.

2. The system of claim 1 , wherein the renewable energy token is generated for a fixed amount of generated renewable energy.

3. The system of claim 1 , wherein the renewable energy token is generated for a variable amount of generated renewable energy.

4. The system of claim 1 , further comprising a second distributed ledger system, wherein the renewable energy generation data is written to a second distributed ledger system.

5. The system of claim 4 , wherein the first distributed ledger and the second distributed ledger are the same.

6. The system of claim 1 , wherein the first distributed ledger system is further configured to:
retire the renewable energy token by adding the renewable energy token to the list of retired renewable energy tokens, or removing the renewable energy token from a list of active renewable energy tokens.

7. The system of claim 1 , wherein the first distributed ledger system is further configured to:
retire the renewable energy token by writing the expiration of the renewable energy token to the first distributed ledger system.

8. The system of claim 1 , wherein the first distributed ledger system is further configured to:
confirm the renewable energy token by comparing a digital signature on the renewable energy token to a digital signature of the selling entity.

Assignees

• Jpmorgan Chase Bank Na

Inventors

• Moy Christine
• Lobban Tyrone
• Saltikoff Alec
• Moudgal Keerthi
• Hunter Stuart

Classifications

• G06Q40/04 Primary

  Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange · CPC title

• G06Q20/0655

  e-cash managed centrally · CPC title

• G06Q20/389

  Keeping log of transactions for guaranteeing non-repudiation of a transaction · CPC title

• G06Q20/3672

  initialising or reloading thereof · CPC title

• G06Q50/06

  Energy or water supply · CPC title