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Systems and methods for optimizing microgrid power generation and management with predictive modeling

  • US 10,261,536 B2
  • Filed: 05/01/2017
  • Issued: 04/16/2019
  • Est. Priority Date: 09/28/2011
  • Status: Active Grant
First Claim
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1. A method for optimizing distributed power generation and management, comprising:

  • providing a microgrid including at least one power generation equipment component for generating electrical power located at predetermined, distributed locations for providing power supply for use within the microgrid;

    providing a Price Resource Management System (PRMS) coupled with the at least one power generation equipment component;

    the PRMS providing predictive modeling of a real-time wholesale energy market price;

    the PRMS storing, monitoring and analyzing the real-time wholesale energy market price based on the predictive modeling for optimized power generation timing, management, storage, and/or distribution to the microgrid and/or a utility grid;

    at least one server computer automatically generating event instructions to a controllable device based on the predictive modeling of the real-time wholesale energy market price; and

    the controllable device automatically releasing and selling electrical power to the utility grid for distribution when the real-time wholesale energy market price is at least at a predetermined threshold.

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