This invention describes a system that helps local residents collectively buy and operate renewable energy generators, like solar panels or wind turbines. It uses a special financial technology (FinTech) platform, accessible via a smartphone app, to show residents how profitable these projects can be, manage their shared ownership, and distribute their earnings from the generated electricity. The core idea is to make it easy for a community to invest in and benefit from local green energy.
Why it matters: Filed before widespread adoption of open banking APIs and blockchain for transparent financial transactions, which could streamline the revenue sharing and cash exchange. Advances in AI/ML since 2017 could also significantly enhance the economic feasibility analysis module.
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