FinTech Platform for Joint Renewable Energy Investment

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Solution Overview

Problem

The challenge lies in low participation rates of local residents in building new and renewable energy farms, particularly offshore wind farms, due to lack of awareness about economic feasibility and profitability, coupled with high investment costs and uncertainty, which hampers investment attraction and sustainable cost estimation.

Innovation Solution

A FinTech platform module is introduced that guides residents to jointly purchase and operate new renewable energy power generators, sets unique IDs for electricity generation and revenue sharing, and provides real-time economic feasibility analysis through a smart simulation module, enhancing transparency and security against fraud.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Object-affected harmful factors

If new and renewable energy power stations are built, then environmentally friendly energy production is achieved, but high initial investment cost and economic infeasibility arise

Engineering Contradiction:

Improvepollutant emissionsVSAvoidinitial investment cost

Core Design Contradiction:

Object-affected harmful factorsVSQuantity of substance

Solution Approach 1:

The patent segments the high initial investment cost by allowing multiple residents to jointly purchase power generators, dividing the total investment into smaller individual shares that are economically feasible for ordinary residents while still achieving large-scale renewable energy deployment

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The platform serves multiple functions simultaneously: it acts as an investment platform for joint purchasing, a trading platform for electricity rights, a dividend distribution system, and an economic feasibility analysis tool, making the renewable energy project economically viable through diversified revenue streams

Inventive Principle:

Principle #6Universality (Multi-functionality)

2Quantity of substance

If offshore wind farms are constructed, then renewable energy capacity is increased, but low resident participation and site selection difficulty arise

Engineering Contradiction:

Improverenewable energy capacityVSAvoidresident participation

Core Design Contradiction:

Quantity of substanceVSEase of operation

Solution Approach 1:

The system provides real-time feedback to residents through the mobile application, displaying electricity generation amounts, trading prices, dividend distributions, and economic feasibility metrics, making the abstract concept of renewable energy investment tangible and encouraging continued participation

Inventive Principle:

Principle #23Feedback

Solution Approach 2:

The FinTech platform acts as an intermediary between residents and the power generation project, facilitating joint purchasing, managing electricity rights trading, distributing dividends, and providing economic analysis, thereby simplifying complex investment processes for ordinary residents

Inventive Principle:

Principle #24Intermediary (Mediator)

3Loss of information

If economic feasibility analysis is provided to residents, then investment awareness is elevated, but lack of transparent cost estimation and fraud prevention arises

Engineering Contradiction:

Improveeconomic feasibility informationVSAvoidfinancial security

Core Design Contradiction:

Loss of informationVSReliability

Solution Approach 1:

The system performs preliminary economic feasibility analysis before residents make investment decisions, calculating expected electricity generation, revenue projections, and cost structures in advance, allowing residents to make informed decisions with confidence in the project's viability

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The patent replaces manual financial analysis and trust-based investment with an automated digital platform that uses algorithms to calculate economic feasibility, track electricity generation, manage trading, and distribute dividends, eliminating human error and fraud while providing transparent, verifiable data

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Data Source

PatentUS10565605B2Apparatus and method to build power station of resident with FinTech platform module

Publication Date: 2020.02.18 NEXT ENERGY CORP

AI summary

Provided is an apparatus including a new and renewable energy FinTech platform module, a new and renewable energy power generator, a new and renewable energy generated power-to-cash change control unit, a cloud computing module, and a smart economic feasibility analysis simulation module and method for encouraging participation of residents in building a new and renewable energy farm through notification of economic feasibility analysis with a new and renewable energy FinTech platform module that can guide the residents in an area where a new and renewable energy power generator is installed to jointly purchase a new and renewable energy power generator that is installed and operated in advance, set unique IDs for the residents having purchased the new and renewable energy power generator, and share the amount of daily produced electricity generated from the new and renewable energy power generator, cash exchange data, and 1:1 revenue dividends.