Patent Document ID: 8996187
Application ID: 13543817
Patent Flag: 1

Claim One:
1. A system to manage energy system, comprising: means for receiving load forecasts and power generator forecasts with uncertainty specification; means for performing stochastic optimization on the load and power generation forecasts; means for determining an optimal storage sizing for energy balancing; means for validating the optimal storage sizing; and means for minimizing 
 C ES ·E S max +C PS ·P S max +C Einit ·E Sinit ∑ k = 1 N ⁢ [ π ⁢ ∑ i ⁢ ρ W k i ⁢ ρ L k i · max ⁢ { 0 , P L k i - P W k i - P S k } ] where C ES is an energy component and C PS is a power component, E S max is a maximum energy limit of a storage unit, P S max is a maximum rate of charge or discharge from the storage unit, C Einit is a cost term to reduce the dependence on initial stored energy of the storage unit E Sinit , π is a constant penalty term, Prob ⁡ ( = P W k i ) = ρ W k i and Prob ⁡ ( = P L k i ) = ρ L k i , P L k is a load in interval k, and P S k is a power discharged from a storage unit in interval k with a positive value indicating discharge and a negative value indicating charging of the storage unit, wherein the power generator is connected to an energy storage device with the optimal storage sizing.