Patent ID: 8892264

Claim:
An apparatus for determining an operating schedule of a controller of at least one energy storage asset operated by an energy customer of an electricity supplier, so as to generate energy-related revenue, over a time period T, associated with operation of the at least one energy storage asset according to the operating schedule, wherein the energy-related revenue available to the energy customer over the time period T is based at least in part on a wholesale electricity market, the apparatus comprising: at least one communication interface; at least one memory to store processor-executable instructions and a mathematical model for the at least one energy storage asset, wherein the mathematical model facilitates a determination of the operating schedule for the controller of the at least one energy storage asset based at least in part on a first operation characteristic of the at least one energy storage asset, a second operation characteristic of at least one energy consuming asset in communication with the at least one energy storage asset, and a forecast wholesale electricity price associated with the wholesale electricity market; and at least one processing unit, communicatively coupled to the at least one communication interface and the at least one memory, wherein upon execution of the processor-executable instructions, the at least one processing unit: A) determines the operating schedule for the controller of the at least one energy storage asset using the mathematical model, wherein the operating schedule for the controller of the at least one energy storage asset specifies, during a time interval less than time period T, a proportion of an available state of charge (SOC) of the energy storage asset for use in an energy market and a remaining proportion of the available SOC of the energy storage asset for use in a regulation market; and B) controls the at least one communication interface to transmit to the energy customer the operating schedule for the controller of the at least one energy storage asset determined in A), and/or controls the at least one memory so as to store the determined operating schedule for the controller.