Patent ID: 11887140

Abstract:
Embodiments for distributing energy for an energy system having an energy generation source, an energy storage system and a load. The method including identifying a risk level for the energy system, the risk level having objectives prioritized relative to one another. Calculating an objective function based on values including energy market values, electricity rates, and power producing, storing and consumption. Identifying an Optimized solution for charging or discharging the energy storage system based on the objective function. Controlling the distribution of energy to the energy storage system for charging according to the Optimized solution based on the objective function and discharging according to the Optimized solution. The objective function is Optimized using feasibility constraints, again Optimized using technical constraints and additional constraints. The Optimized solution maximizes an expected total pool market revenue and an expected total future market revenue, while minimizing an expected total energy cost for the energy system.