Patent ID: 8862279

Claim:
A method for optimized power generation and management comprising the steps of: providing a microgrid distributed power generation system including at least one power generation equipment for generating electrical power located at predetermined, distributed locations for providing emergency back-up power supply for use at the locations of power generation; providing a Price Resource Management System (PRMS) connected to the at least one power generation equipment, the PRMS providing predictive modeling, and the PRMS further including: storing, monitoring and analyzing the real-time wholesale energy market price for use with the predictive modeling for optimized power generation timing, management, storage, and distribution to a micro grid; an analyzing device for storing and analyzing the real-time wholesale energy market price, and on a per power storage device basis, data indicative of the electricity remaining in the power storage device; at least one server computer, located centrally or distributed over a network, for monitoring and being responsive to the real-time wholesale energy market price fluctuation analysis analyzed for use with the predictive modeling, and operable for automatically generating event instructions to a controllable device based on the predictive modeling of the real-time wholesale energy market price for automatically releasing electrical power to the power grid for distribution when the real-time wholesale energy market price is at least at a predetermined threshold(s); a device interface for facilitating and producing communication of power releasing instructions to at least one controllable device on the power storage device; at least one controllable device associated with and preferably connected to the at least one power generator and electricity storage device, wherein each controllable device is operable for automatically selectively enabling and disabling the flow of electric power to an electric microgrid, for distribution to the grid or the microgrid; and selectively activating the power generation equipment to produce electricity for distribution over the microgrid and/or for storage until later distribution via the microgrid.