The power industry continues to be a hotbed of patent innovation. Activity is driven by rising energy demand, renewable integration, and the need for grid stability and resilience, and growing importance of technologies such as artificial intelligence (AI), Internet of Things and digitization. In the last three years alone, there have been over 656,000 patents filed and granted in the power industry, according to GlobalData’s report on Artificial intelligence in power: power fault monitoring AI. Buy the report here.
According to GlobalData’s Technology Foresights, which uses over 70,000 patents to analyze innovation intensity for the power industry, there are 40+ innovation areas that will shape the future of the industry.
Power fault monitoring AI is a key innovation area in artificial intelligence
AI techniques, in particular machine learning and data analytics, have become effective tools for automating error detection and prediction procedures. Power fault monitoring AI is used to detect and track faults in a power distribution grid. AI may also be used to rectify the detected faults and address the faulty network or device to avoid a power grid failure cascade.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 150+ companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of power fault monitoring AI.
Key players in power fault monitoring AI – a disruptive innovation in the power industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to power fault monitoring AI
|Company||Total patents (2010 - 2022)||Premium intelligence on the world's largest companies|
|State Grid Corporation of China||381||Unlock Company Profile|
|China Southern Power Grid Co Ltd||141||Unlock Company Profile|
|Alphabet Inc||28||Unlock Company Profile|
|NARI Technology Co Ltd||23||Unlock Company Profile|
|Eos Energy Enterprises Inc||21||Unlock Company Profile|
|State Grid Information and Telecommunication Co Ltd||20||Unlock Company Profile|
|NARI Group Corp||15||Unlock Company Profile|
|Korea Electric Power Corp||14||Unlock Company Profile|
|Uni-President Enterprises Corp||13||Unlock Company Profile|
|Moixa Energy Holdings Ltd||10||Unlock Company Profile|
|Electricite de France SA||9||Unlock Company Profile|
|Siemens AG||9||Unlock Company Profile|
|State Grid NARI Nanjing Control System Co Ltd||8||Unlock Company Profile|
|State Grid Hebei Electric Power Supply Co Ltd||8||Unlock Company Profile|
|Uni-President China Holdings Ltd||8||Unlock Company Profile|
|Samsung Group||8||Unlock Company Profile|
|Panasonic Holdings Corp||8||Unlock Company Profile|
|Microsoft Corp||8||Unlock Company Profile|
|China General Nuclear Power Corp||8||Unlock Company Profile|
|China Huaneng Group Co Ltd||7||Unlock Company Profile|
|Zhiyang Innovation Technology Co Ltd||7||Unlock Company Profile|
|Fanuc Corp||7||Unlock Company Profile|
|Toshiba Corp||6||Unlock Company Profile|
|Huaneng Group Technology Innovation Center Co Ltd||6||Unlock Company Profile|
|State Grid Shanghai Municipal Electric Power Company||6||Unlock Company Profile|
|Apollo Global Management Inc||6||Unlock Company Profile|
|NEC Corp||5||Unlock Company Profile|
|Ennew Digital Technology Co Ltd||5||Unlock Company Profile|
|Tsubakimoto Chain Co||5||Unlock Company Profile|
|Oracle Corp||4||Unlock Company Profile|
|Shanghai Electric Group Corp||4||Unlock Company Profile|
|Hangzhou Power Supply Company State Grid Zhejiang Electric Power Co Ltd||4||Unlock Company Profile|
|Foshan Power Supply Bureau Guangdong Power Grid Corporation||4||Unlock Company Profile|
|Power Construction Corporation of China||4||Unlock Company Profile|
|Zhongshan Power Supply Bureau Of Guangdong Power Grid Company||3||Unlock Company Profile|
|State Grid Jibei Electric Power Co Ltd||3||Unlock Company Profile|
|Arizona Board of Regents||3||Unlock Company Profile|
|China Three Gorges Corp||3||Unlock Company Profile|
|Beijing Join Bright Digital Power Technology Co., Ltd.||3||Unlock Company Profile|
|Beijing Kedong Electric Control System Co., Ltd.||3||Unlock Company Profile|
|Jiangsu Fangtian Power Technology Co Ltd||3||Unlock Company Profile|
|International Business Machines Corp||3||Unlock Company Profile|
|Baidu Inc||3||Unlock Company Profile|
|Nanjing Nari Information Communication Technology Co Ltd||3||Unlock Company Profile|
|Xuji Group Corporation||3||Unlock Company Profile|
|Nanning Power Supply Bureau of Guangxi Power Grid Co Ltd||3||Unlock Company Profile|
|ABB Ltd||3||Unlock Company Profile|
|Jiangsu Electric Power Information Technology Co Ltd||2||Unlock Company Profile|
|China Mobile Communications Group Co., Ltd||2||Unlock Company Profile|
|Qingdao Power Supply Company Of State Grid Shandong Electric Power Company||2||Unlock Company Profile|
Source: GlobalData Patent Analytics
State Grid Corporation of China is one of the leading patent filers in power fault monitoring AI. The company’s core business includes the construction and operation of power grids. It focuses on research and development of ultra-high voltage (UHV) transmission and smart grid technologies. SGCC owns proprietary intellectual property rights and promotes the export of technology and related equipment. It also operates large-scale commercial UHV projects. SGCC supplies power to municipalities, provinces, and autonomous regions, servicing most of the territory in China. Some other key patent filers in the automotive industry include China Southern Power Grid, Alphabet, and NARI Technology.
In terms of application diversity, Eos Energy Enterprises leads the pack, while Zhangjiakou Power Supply and Eccom Network System stood in the second and third positions, respectively. By means of geographic reach, Eos Energy Enterprises held the top position, followed by Alphabet and Moixa Energy.
To further understand the key themes and technologies disrupting the power industry, access GlobalData’s latest thematic research report on Artificial intelligence (AI) in Power.