Strategic modeling for economic optimization of grid-tied energy assets

• Main Authors: Saha Bhaskar, Greene Daniel H, McHenry Robert S, Smullin Sylvia J, Garner Sean R, Schwartz David E
• Format: Patent
• Language: English
• Published: 19.12.2017
• Subjects: CALCULATING; CIRCUIT ARRANGEMENTS OR SYSTEMS FOR SUPPLYING OR DISTRIBUTINGELECTRIC POWER; COMPUTING; CONVERSION OR DISTRIBUTION OF ELECTRIC POWER; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; ELECTRICITY; GENERATION; PHYSICS; SYSTEMS FOR STORING ELECTRIC ENERGY; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

One embodiment of the present invention provides an energy-asset control system for utilizing an energy asset to provide one of more modes of operation services. The system includes an economic optimizer configured to identify at least one mode of operation opportunity based on current and/or future market conditions; a prognostics module configured to perform a prognostic analysis associated with the mode of operation opportunity for the energy asset using an existing model, and determine a confidence level associated with the prognostic analysis; and an operation controller. The economic optimizer is further to configured to, in response to the prognostics module determining the confidence level exceeding a predetermined threshold, determine an expected profit of the mode of operation opportunity based on outcomes of the prognostic analysis; and optimize, over a predetermined time period, a usage of the energy asset based on the expected profit of the mode of operation opportunity.