Abstract: Techniques for managing the charging and/or discharging of an energy storage device are disclosed. The techniques include obtaining clearing price data points spanning a plurality of dates and for each date: generating a distribution of the clearing price data points corresponding to the date; determining a lower quantile price point of the distribution based on a capacity of the device and a charge rate of the device; and determining an upper quantile price point of the distribution based on the capacity and a discharge rate of the device. The techniques include selecting a first set of the lower quantile price points from the lower quantiles and a second set of the upper quantile price points from the upper quantiles. The techniques include determining a buy bid based on the first set and a sell bid based on the second set and selectively transmitting the buy bid and/or the sell bid.
Type:
Grant
Filed:
March 12, 2014
Date of Patent:
March 29, 2016
Assignee:
Convergent Energy + Power
Inventors:
Christopher M. Streeter, Frank Genova, III, Johannes Rittershausen
Abstract: Techniques for managing the charging and/or discharging of an energy storage device are disclosed. The techniques include obtaining clearing price data points spanning a plurality of dates and for each date: generating a distribution of the clearing price data points corresponding to the date; determining a lower quantile price point of the distribution based on a capacity of the device and a charge rate of the device; and determining an upper quantile price point of the distribution based on the capacity and a discharge rate of the device. The techniques include selecting a first set of the lower quantile price points from the lower quantiles and a second set of the upper quantile price points from the upper quantiles. The techniques include determining a buy bid based on the first set and a sell bid based on the second set and selectively transmitting the buy bid and/or the sell bid.
Type:
Application
Filed:
March 12, 2014
Publication date:
September 18, 2014
Applicant:
Convergent Energy + Power
Inventors:
Christopher M. Streeter, Frank Genova, III, Johannes Rittershausen