20240044986. SYSTEMS AND METHOD FOR MANAGING DISPATCH AND LIFECYCLE OF ENERGY STORAGE SYSTEMS ON AN ELECTRICAL GRID, INCLUDING MANAGEMENT OF ENERGY STORAGE SYSTEMS FOR PROVISIONING OF MULTIPLE SERVICES simplified abstract (Jupiter Power, LLC)
Contents
- 1 SYSTEMS AND METHOD FOR MANAGING DISPATCH AND LIFECYCLE OF ENERGY STORAGE SYSTEMS ON AN ELECTRICAL GRID, INCLUDING MANAGEMENT OF ENERGY STORAGE SYSTEMS FOR PROVISIONING OF MULTIPLE SERVICES
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 SYSTEMS AND METHOD FOR MANAGING DISPATCH AND LIFECYCLE OF ENERGY STORAGE SYSTEMS ON AN ELECTRICAL GRID, INCLUDING MANAGEMENT OF ENERGY STORAGE SYSTEMS FOR PROVISIONING OF MULTIPLE SERVICES - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Original Abstract Submitted
SYSTEMS AND METHOD FOR MANAGING DISPATCH AND LIFECYCLE OF ENERGY STORAGE SYSTEMS ON AN ELECTRICAL GRID, INCLUDING MANAGEMENT OF ENERGY STORAGE SYSTEMS FOR PROVISIONING OF MULTIPLE SERVICES
Organization Name
Inventor(s)
Audrey Fogarty of Chicago IL (US)
Martin P. Downey, Jr. of Montgomery TX (US)
Mandhir S. Sahni of Irving TX (US)
Andrew Bowman of Austin TX (US)
SYSTEMS AND METHOD FOR MANAGING DISPATCH AND LIFECYCLE OF ENERGY STORAGE SYSTEMS ON AN ELECTRICAL GRID, INCLUDING MANAGEMENT OF ENERGY STORAGE SYSTEMS FOR PROVISIONING OF MULTIPLE SERVICES - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240044986 titled 'SYSTEMS AND METHOD FOR MANAGING DISPATCH AND LIFECYCLE OF ENERGY STORAGE SYSTEMS ON AN ELECTRICAL GRID, INCLUDING MANAGEMENT OF ENERGY STORAGE SYSTEMS FOR PROVISIONING OF MULTIPLE SERVICES
Simplified Explanation
The abstract of this patent application describes systems and methods for managing the dispatch of an energy storage system using projected outcomes. These projected outcomes are generated based on a model that includes a set of defined operating states, which represent a specific energy-market allocation approach. An outcome is projected for each operating state, and an optimal outcome is selected from the set of projected outcomes.
- The patent/application is about managing the dispatch of an energy storage system.
- It uses projected outcomes generated from a model with defined operating states.
- The operating states represent a particular energy-market allocation approach.
- An outcome is projected for each operating state.
- An optimal outcome is selected from the set of projected outcomes.
Potential Applications:
- Energy storage system management in renewable energy integration.
- Optimization of energy dispatch in microgrids.
- Efficient utilization of energy storage in electric vehicle charging infrastructure.
Problems Solved:
- Uncertainty in energy market conditions and optimal dispatch decisions.
- Lack of a systematic approach to manage energy storage system dispatch.
- Inefficient utilization of energy storage resources.
Benefits:
- Improved accuracy in projecting outcomes for different operating states.
- Enhanced optimization of energy storage system dispatch.
- Increased efficiency and cost-effectiveness in energy market operations.
- Better integration of renewable energy sources into the grid.
Original Abstract Submitted
systems and methods for managing dispatch of an energy storage system through use of projected outcomes. the projected outcomes are generated based on a model that includes a set of defined operating states. the operating states represent a particularized energy-market allocation approach. an outcome is projected for each operating state. an optimal outcome is selected from the set of projected outcomes.
