View source for 20240053715. BUILDING ENERGY STORAGE SYSTEM WITH PLANNING TOOL simplified abstract (Con Edison Battery Storage, LLC)

=BUILDING ENERGY STORAGE SYSTEM WITH PLANNING TOOL=


==Organization Name==

[[:Category:Con Edison Battery Storage, LLC|Con Edison Battery Storage, LLC]]


[[Category:Con Edison Battery Storage, LLC]]

==Inventor(s)==

[[:Category:Mohammad N. Elbsat of Milwaukee WI (US)|Mohammad N. Elbsat of Milwaukee WI (US)]][[Category:Mohammad N. Elbsat of Milwaukee WI (US)]]

[[:Category:Michael J. Wenzel of Grafton WI (US)|Michael J. Wenzel of Grafton WI (US)]][[Category:Michael J. Wenzel of Grafton WI (US)]]

[[:Category:Kirk H. Drees of Cedarburg WI (US)|Kirk H. Drees of Cedarburg WI (US)]][[Category:Kirk H. Drees of Cedarburg WI (US)]]

==BUILDING ENERGY STORAGE SYSTEM WITH PLANNING TOOL - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240053715 titled 'BUILDING ENERGY STORAGE SYSTEM WITH PLANNING TOOL

==Simplified Explanation==

The patent application describes an energy storage system for a building that includes a battery asset to store and discharge electricity for the building's electric load. A planning tool is used to identify functionalities of the system, generate a cost function for operating the system over a period, and optimize power setpoints for the battery asset.

* Energy storage system for a building with a battery asset
* Planning tool to identify functionalities and generate cost function
* Optimization of power setpoints for the battery asset
* Cost function includes terms for selected functionalities
* Optimization constraints based on functionalities, battery attributes, and electric load

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### Potential Applications
* Energy management in buildings
* Renewable energy integration
* Peak shaving and load shifting

### Problems Solved
* Efficient utilization of stored energy
* Cost-effective operation of energy storage system
* Optimization of power setpoints for battery asset

### Benefits
* Reduction in electricity costs
* Increased reliability of energy supply
* Enhanced sustainability and energy efficiency


==Original Abstract Submitted==

an energy storage system for a building includes a battery asset configured to store electricity and discharge the stored electricity for use in satisfying a building electric load. the system includes a planning tool configured to identify one or more selected functionalities of the energy storage system and generate a cost function defining a cost of operating the energy storage system over an optimization period. the cost function includes a term for each of the selected functionalities. the planning tool is configured to generate optimization constraints based on the selected functionalities, attributes of the battery asset, and the electric energy load to be satisfied. the planning tool is configured to optimize the cost function to determine optimal power setpoints for the battery asset at each of a plurality of time steps of the optimization period.



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