Patent ID: 8965594
Filing Date: 2015-02-24
Classification: G05B,G05F,G06Q,H02J,Y02E,Y04S

Abstract:
1. A system for encouraging the use of renewable energy sources and suitable for the conservation of energy resources through the efficient management of energy storage and delivery, the system comprising: a connection to a power source; a connection to an energy storage subsystem; a connection to a power grid; a power routing subsystem coupled to the power source and the power grid, and adapted to operate in a bypass mode, wherein energy is transferred from the power source to the power grid; a conversion subsystem coupled to the power routing subsystem and the storage subsystem, and switchable in substantially real-time between a storage mode, wherein energy is transferred from the power routing subsystem to the storage subsystem, and a generation mode, wherein energy is transferred from the storage subsystem to the power routing subsystem for delivery to the power grid; a trading subsystem for buying power from and selling power to a power trading market; a control subsystem for directing, based at least in part on a market factor comprising a future market price of energy or electricity, at least one of the conversion subsystem and the power routing subsystem to operate in a specific mode, and for directing the system to utilize power available from the power source, the storage subsystem, and the trading subsystem to fulfill contractual power service requirements.