Green Roadway is auctioning its patent portfolio today. Published accounts describe the project as ”a series of patents from Genedics Clean Energy that will allow developers to build its system of renewable energy projects along highway right-of-ways.”
The auction, which is being managed by Ocean Tomo, invites investors to submit sealed bids on July 24, 2009 for an exclusive license for a U.S. state. After paying the license fee, the licensee would then have exclusive license rights to the specified state.
The NYTimes green blog writes that “the project’s patent portfolio includes specifications for small wind turbines – 25 feet high or less – powered by both natural wind and the “dirty wind” generated by passing cars and trucks. Another patent covers the deployment of millions of tiny turbines an inch in length or less that could be attached to median guardrails, road signs or noise-barrier walls.”
Minimum bids are set state by state. South Dakota is cheap at $125,000 but the minimum price for California is a whopping $1.5 million.
There are a little more than 20 U.S. patents or patent applications in the portfolio but fewer than 10 have actually been granted. The claims cover everything from the infrastructure for a roadway energy distribution system to a system and method for water desalinization from renewable energy.