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Method and apparatus for storing and using energy to reduce the end-user cost of energy

  • US 20050138929A1
  • Filed: 10/27/2004
  • Published: 06/30/2005
  • Est. Priority Date: 10/27/2003
  • Status: Active Grant
First Claim
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1. A method of reducing the end-user cost of energy at a predetermined location, comprising:

  • creating at least one demand history for the predetermined location to help forecast and predict how much energy will be used at the predetermined location during an upcoming predetermined period of time;

    determining when energy will be available from an energy source at a relatively low first rate, and when energy will be available at a relatively high second rate, during the upcoming predetermined period of time;

    providing an energy storage system and connecting it to the energy source and adapting it to store energy during a first period during which the low first rate applies, and making the stored energy available during a second period during which the high second rate applies; and

    using the storage system to release the stored energy during the second period, to reduce the cost of energy used during the second period, and/or offset spikes or surges that may otherwise be experienced during the second period at the predetermined location.

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