Patent ID: 8718850

Claim:
A method for energy management, comprising: receiving parameters from management system components; with a processor, optimizing for one or more selected objective functions optimizing economic and environmental impacts using EVs as mobile energy storage systems for a microgrid powering home or office; generating an optimal operation schedule for the micro-grid management system components; optimizing operations of one or more electric vehicles (EVs) for mobile energy storage (MES); and analyzing economic and environmental impacts; formulating Maximization of Daily Profit Objective function; and modeling daily profit of the microgrid as: min ⁢ ⁢ p dc ⁢ C g dc + ∑ t = 1 T ⁢ τ ⁡ [ - p sp , t ⁢ C g , t sp + p g , t ⁢ C g , t s + ∑ i = 1 N l ⁢ c i , t + ∑ m = 1 N m ⁢ c m , t + ∑ f = 1 N f ⁢ c f , t + c pv om + c ses , t + c mes , t ] where τ is time interval, p is charging power, and where C g,t sp , C g,t s , and C g dc denote spinning reserve price, energy charges, and demand charges of the grid, respectively.