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Building management system with electrical energy storage optimization based on statistical estimates of IBDR event probabilities

  • US 10,190,793 B2
  • Filed: 08/25/2016
  • Issued: 01/29/2019
  • Est. Priority Date: 10/08/2015
  • Status: Active Grant
First Claim
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1. A building management system comprising:

  • building equipment configured to consume electrical energy and generate thermal energy for use in satisfying a thermal energy load of a building;

    thermal energy storage configured to store at least a portion of the thermal energy generated by the building equipment and to discharge the stored thermal energy;

    electrical energy storage configured to store electrical energy purchased from a utility and to discharge the stored electrical energy; and

    a controller configured to determine, for each time step within a time horizon, an optimal amount of electrical energy to allocate to an incentive-based demand response (IBDR) program by optimizing a value function that accounts for revenue predicted to result from participating in the IBDR program based on statistical estimates of IBDR event probabilities;

    wherein the controller is configured to estimate the IBDR event probabilities based on a history of past IBDR events, each of the past IBDR events comprising an invitation to participate in the IBDR program in exchange for a monetary incentive.

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