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Smart Grid Energy Storage Water Heater Smart Grid Energy Storage Water Heater for Homes There are currently no reviews for this Innovation.
| Smart Grid Energy Storage Water Heater
Smart Grid Energy Storage Water Heater for Homes |
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The Smart Grid Energy Storage Water Heater saves customers money on their power bill, and is a new smart grid home appliance that utilites can control to store renewable energy. |
 Annual Sales Forecast for USA * | Innovation Status |
Idea |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
Development
Status |
Proprietary
Protection Status |
Concept
Score |
| Ultra Low |
$9 |
$1.2 M |
$7.1 M |
1 of 5
In Development
|
2 of 5
Patent Pending
|
31 29 is
Average
|
| Low Support |
$18.3 M |
$36.7 M |
$63.6 M |
| Medium Support |
$163.8 M |
$244.7 M |
$353.7 M |
| High Support |
$467.5 M |
$679.9 M |
$958.1 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$866.2 M |
$1.3 B |
$1.8 B |
6 mos-1 yr
|
$100k-$1M
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Smart Grid Energy Storage Water Heater
- Smart Grid Energy Storage Water Heater for Homes
Final Decision Maker: Existing and New Users of Electric Water Heaters
Introducing the Smart Grid Energy Storage (SGES) Water Heater, that saves the customer money and provides customer and/or the electric utility the ability to store green energy upon demand. The SGES Water Heater is a smart grid appliance that minimizes the main deterrent to consumer acceptance and usage of utility demand side management programs for hot water heater control. This is customer inconvenience caused by the loss of hot water due to interruption of electric power. Customers will be able to shift electrical power usage to times when electric utilities offer lower cost power, and benefit from utility demand side management programs such as: Time of Use Rate Plans, Monthly Rebates for Allowing Remote Control and Monitoring, Purchase Price Rebates, and Direct Green Power Delivery. Utilities will want to use the smart grid control available on the SGES Water Heater to achieve: Green Power Energy Storage (Wind & Solar), Load Shifting, Improved Energy Efficiency, , Improved T&D Losses, Reduced Carbon Emissions with Carbon Offset Credits, Energy Trading Opportunities, Enhanced Use of Automated Metering Infrastructure (AMI), Ability to Improve Generation Regulation Down Margin, Potential for Return on Investment, Ability to Offer New Demand Side Management Programs, and Ability to Offer True Green Power Delivery. The SGES Water Heater is a dual tank water heater with a smart grid control controller that utilizes the same form-factor as a standard single tank water heater. The benefit is ease of homeowner adoption and replacement of existing water heater. The E2S smart grid controller can provide data on aggregate sum of energy storage capacity to a utility in near real time. Simulations show that the SGES dual tank water heater offers energy efficiency improvements of 4 to 9% and over five (5) times the controllable energy storage as a comparable standard electric 50 gallon water heater. The SGES Water Heater has a 20-gallon upper tank that operates similar to a standard water heater, and a 50-gallon bottom tank that is smart grid controlled. The bottom tank feeds water to the top tank (i.e. connected in series). Hot water from the top tank feeds the customer's hot water supply line.
| $999.00 for Smart Grid Energy Storage Water Heater | Seeking: Research, Purchase, Investment, Distribution, Manufacturing/R&D |
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* Consumption sales forecast. Does not include "Random" events or "Inventory Fill". Forecast is for Year 1 for Large or Year 2 for Small Companies.
Forecast should be read as ..."With Low marketing support there is an 80% odds of achieving sales of at least... |
| Listing #: USA.76.112509.006 |
Page 1 of 5 |
Date Posted: 2009-12-04 |
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| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Report Assumptions and Inventor(s) Commentary
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|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
28,600,000 |
60% |
71,500,000 households in the U.S. 40% use electric water heaters (28,600,000). 9,500,000 water heaters sold each year in the U.S 40% are electric 3,800,000)
|
| Revenue per First Purchase |
$1,000.00 |
40% |
|
| % that will Repeat |
N/A |
N/A |
|
| Number of Annual Repeats |
N/A |
N/A |
|
| Revenue per Repeat Purchase |
N/A |
N/A |
|
| Reseller (Trade) Margin |
40% |
30% |
Based upon knowledge of reseller margins. |
| Producer Profit (EBITD) |
10% |
40% |
Based upon home appliance producer net profit margin. |
| |
| Innovation Status |
|
Development
Status |
1 of 5
In Development
|
Prototype has been fabricated. Testing is in progress. |
| Cost to First Sale (remaining) |
$100k-$1M |
50% |
Cost to get to 1st 50 production units = $100,000
Marketing and sales to promote product to utility companies that will purchase for smart grid demonstration projects $900,000 |
| Time to First Sale (remaining) |
6 mos-1 yr |
60% |
Federal smart grid money has just become available to utilities. The 6th Power Plan by the Northwest Power and Conservation Council calls for controlling water heaters. |
| Confidence in Concept Claims made in description |
60% |
Published articles from National Institute of Standards & Technology and Institute of Electrical and Electronics Engineers(IEEE). |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
A full patent application has been filed. |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
 |
|
|
| Reason to Believe |
|
|
|
| Dramatic Difference |
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| Listing #: USA.76.112509.006 |
Page 2 of 5 |
Date Posted: 2009-12-04 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Inventor Commentary & Alternative Development Scenarios
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| Inventor(s) Sales Goals |
| Minimum Goal |
$100,000 |
Current GOAL |
$0.4 M |
The Green Energy Storage Water Heater has a 20-gallon upper tank that is thermostically controlled and a larger 50-gal. bottom tank that can be controlled remotely by the utility. |
Inventor(s) Commentary:
For the Smart Grid Energy Storage Water Heater to sell the local utility must offer a rebate or incentive to the potential customer. Electric utilities will need to promote the SGES water heater in a similar fashion that is presently done for controlling standard electric water heaters, air conditioning, pool pumps, etc. |
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CURRENT SALES FORECAST |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$9 |
$1.2 M |
$7.1 M |
| Low Support |
$18.3 M |
$36.7 M |
$63.6 M |
| Medium Support |
$163.8 M |
$244.7 M |
$353.7 M |
| High Support |
$467.5 M |
$679.9 M |
$958.1 M |
| Ultra High |
$866.2 M |
$1.3 B |
$1.8 B |
If MARKETING CONCEPT Improved (Increase Concept Score by +20 Points) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$16 |
$2.0 M |
$12.0 M |
| Low Support |
$31.6 M |
$62.0 M |
$103.7 M |
| Medium Support |
$290.1 M |
$409.4 M |
$565.3 M |
| High Support |
$828.3 M |
$1.1 B |
$1.5 B |
| Ultra High |
$1.6 B |
$2.1 B |
$2.8 B |
If MARKETING CONCEPT and PRODUCT/SERVICE Improved (Increase Concept +20 Points, Repeat Rate & Number of repeats by 30% and Revenue per purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$16 |
$2.0 M |
$12.1 M |
| Low Support |
$31.8 M |
$62.4 M |
$103.5 M |
| Medium Support |
$289.9 M |
$410.6 M |
$566.6 M |
| High Support |
$832.1 M |
$1.1 B |
$1.5 B |
| Ultra High |
$1.5 B |
$2.1 B |
$2.8 B |
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| Listing #: USA.76.112509.006 |
Page 3 of 5 |
Date Posted: 2009-12-04 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Additional Details
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|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
0.7% |
1.1% |
1.7% |
Sales & Marketing
Support Level |
Annual Inventor Royalty Revenue |
3 Year Value
to Inventor
If 50% Odds |
| 80% Odds |
50% Odds |
20% Odds |
| Ultra Low Support |
$5,700 |
$17,000 |
$34,000 |
$50,000 |
| Low Support |
$100,000 |
$230,000 |
$390,000 |
$680,000 |
| Medium Support |
$830,000 |
$1.5 M |
$2.4 M |
$4.6 M |
| High Support |
$2.3 M |
$4.2 M |
$6.6 M |
$12.7 M |
| Ultra High Support |
$4.4 M |
$7.8 M |
$12.1 M |
$23.4 M |
| Sales & Marketing Support Level Assumptions |
| Sales & Marketing Support Level Assumptions |
Sample Numbers |
% Aware x
% Distribution
(Aware & Able) |
Inventor
Confidence |
| % Distribution |
% Awareness |
| Ultra Low Support (Word of Mouth) |
5% |
3% |
0.2% |
% |
| Low Support (Small Company) |
20% |
10% |
2% |
N/A |
| Medium Support (Medium Sized Company) |
50% |
25% |
13% |
N/A |
| High Support (Large Company) |
75% |
45% |
34% |
N/A |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 22112 - Electric Power Transmission, Control, and Distrib... |
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| Patent Numbers that apply to this Product/Service |
| 12/465,427 |
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| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
30 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
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For USA Patents: Utility Patent = 7 digit number, Design Patent starts with D, Planet Patent starts with PP. Provisional Application "61/xxx,xxx", Non provisional application "12/xxx,xxx", Design patent application "29/xxx,xxx"
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CAUTION: This Merwyn Business Simulation Research Report includes no warranty or guarantee. Results and opinions should be considered rough and directional in nature. This is because the report is based upon inventor-supplied data and simplified modeling methods. If you are looking to invest, distribute, purchase or become involved with this innovation, in any way, we strongly urge you to validate the inventor data and sales forecasts BEFORE committing yourself or your resources. Merwyn Research, Inc. shall not be responsible for any liability or damages arising out of the failure to perform such investigation and validation. Changes in the concept description, product, pricing, or input assumptions will almost certainly change results.
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| Listing #: USA.76.112509.006 |
Page 4 of 5 |
Date Posted: 2009-12-04 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
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 Annual Sales - Probability Forecast - Canada |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$1 |
$190,000 |
$1.1 M |
| Low Support |
$2.9 M |
$5.8 M |
$10.1 M |
| Medium Support |
$26.0 M |
$38.8 M |
$56.1 M |
| High Support |
$74.1 M |
$107.8 M |
$151.9 M |
| Ultra High |
$137.3 M |
$199.3 M |
$281.0 M |
 Annual Sales - Probability Forecast - United Kingdom |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$3 |
$330,000 |
$2.0 M |
| Low Support |
$5.1 M |
$10.3 M |
$17.9 M |
| Medium Support |
$46.1 M |
$68.8 M |
$99.5 M |
| High Support |
$131.5 M |
$191.2 M |
$269.4 M |
| Ultra High |
$243.6 M |
$353.6 M |
$498.5 M |
Forecast are calculated based on population, (PPP) purchasing power parity, International Trade, Urbanization and the Human Growth Index.
Forecast can be skewed for some industries, so for best results, adjusting the number of final decision makers for every country is recommended.
| Listing #: USA.76.112509.006 |
Page 5 of 5 |
Date Posted: 2009-12-04 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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