BluWave-ai, a pioneer in artificial intelligence solutions for energy optimisation, has announced a major milestone in its intellectual property journey, expanding its patent portfolio to encompass 30 applications filed in the United States and internationally, with seven patents successfully granted and one additional application recently approved in September 2024. This expansion reflects BluWave-ai’s commitment to driving innovation in the energy sector and its dedication to facilitating the transition towards sustainable energy solutions.
Pioneering Energy Innovation
Over the last seven years, BluWave-ai has dedicated itself to developing a robust technology platform that directly addresses the critical challenges of the global energy transition. The company’s patented technologies play a vital role in the electrification of various sectors, including transport, industrial applications, and residential energy consumption. This extensive portfolio strategically positions BluWave-ai as a leader in providing intelligent solutions that empower utilities, energy consumers, and system operators to adapt to changing energy demands.
The landscape of energy consumption in North America has seen a notable shift, with recent conservation efforts resulting in stable demand. However, the anticipated surge in electrification across sectors is expected to challenge existing grid infrastructures. The U.S. Department of Energy estimates that modernising the power grid will require investments between $350 billion and $500 billion. Additionally, projections from industry experts indicate that an additional $160 billion will be necessary over the next decade to support electrification initiatives aimed at reducing emissions and mitigating climate change.
Intelligent Software Solutions for a Sustainable Future
Devashish Paul, CEO of BluWave-ai, stated, “Our vision is to revolutionise the energy sector by integrating intelligent software solutions that manage demand alongside variable renewable energy sources. This strategic approach allows us to offset the need for costly capital investments while ensuring a seamless transition towards sustainable energy production.”
The company’s innovative Edge & Center Energy Optimisation platform, which includes the Atlas database, harnesses years of operational data and advanced AI models to enhance energy efficiency. This technological backbone enables BluWave-ai to deliver tailored solutions that address the unique needs of various energy stakeholders.
Advancing Grid Efficiency and Resilience
Thomas Triplet, Senior Director of Engineering at BluWave-ai, highlighted, “Our advanced technologies are at the forefront of transforming traditional electrical grids into smart, software-defined systems that are both efficient and resilient. By offering scalable and cost-effective solutions, we aim to bolster grid performance and support global sustainability objectives.”
BluWave-ai’s robust patent portfolio encompasses several critical innovations, including:
- Two patents (11,133,676 and 11,831,163) focused on optimising renewable energy-battery systems through AI-based methods that enhance battery longevity.
- Three patents (10,510,128, 11,170,456, and 11,830,090) aimed at improving energy grid efficiency using predictive optimisation techniques derived from AI analytics.
- One patent (11,267,362) dedicated to adaptive optimisation strategies for electric vehicle fleet charging, utilising AI models to predict energy resource availability.
- One patent (12,040,650) related to AI-driven methods for the dynamic charging of energy storage assets linked to power grids.
Collaborative Opportunities Ahead
BluWave-ai is keen to explore strategic partnerships for licensing and cross-licensing its intellectual property with select customers, research institutions, and universities. Customers using BluWave-ai products automatically gain access to the embedded intellectual property throughout the duration of their contracts.
Rob Morris, Chief Operating Officer of BLG, stated, “As Canada’s Law Firm, we are proud to support BluWave-ai in their mission. Their groundbreaking work in AI-powered energy solutions aligns perfectly with our commitment to innovation and environmental sustainability.”
BluWave-ai is poised to make significant strides in the energy sector as it continues to leverage its extensive patent portfolio to drive advancements in energy optimisation and grid efficiency.