What is patent invention?

Mohammed A. Al-Khamis invention receives US Patent  February 12, 2013 – 09:20 am

king saud University King Saud University Mohammed A. Al-Khamis, a researcher with the Saudi Electricity Company Chair in Power System Reliability and Security,  recently received a United States Patent for his invention titled, “Method and Apparatus for Storing Energy.”  This invention was previously patented with both the Gulf Cooperation Council Patent Office (2011) and the European Patent Office (2012).


The goal of this invention is to successively arrange weights in a way to store electrical energy as potential or latent energy by lifting the weights to an artificial or natural elevated point.  Then, when needed, the weights are allowed to slide back down to generate turbines, recovering the stored energy and convert it back to electrical energy to operate electric generators.


The invention’s basic concept, making it different from previous inventions or technologies, is the use of the weights as the storage medium and not water, which would require collection in a very large artificial tank to acquire the potential energy.  This invention has great potential, especially as an alternative for the Kingdom’s desert regions where water is scarce.

Source: King Saud University - News Portal

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In Defense...continued

But a participatory economy enjoys advantages in managing this trade off compared to capitalism. Most importantly, direct recognition of 'social serviceability' is a more powerful incentive to innovation in a participatory economy, which reduces the magnitude of the trade off since more innovation will occur in a participatory economy than in capitalism for the same speed of adjustments. Secondl... Economy. Forthcoming.
Levy, David. 1991. Book Review: Seeking a Third Way. Dollars and Sense 171 November 1991: 18-20.
Pramas, Jason. 1991. A Roundtable on Participatory Economics. Z Magazine July/August 1991: 73-74.
Weisskopf, Thomas. 1992. Toward a Socialism for the Future in the Wake of the Demise of the Socialism of the Past. Review of Radical Political Economics 24 (3&4).

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