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Multi-tier benefit optimization for operating the power systems including renewable and traditional generation, energy storage, and controllable loads

  • US 7,315,769 B2
  • Filed: 10/31/2005
  • Issued: 01/01/2008
  • Est. Priority Date: 10/31/2005
  • Status: Active Grant
First Claim
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1. An intelligent renewable based system comprising:

  • a controller with a memory said memory having stored therein a program;

    a plurality of data structures forming said program;

    said program data structures controlling a multi-tier benefit optimization of a power grid;

    said power grid having renewable power generating assets, fossil fueled generating assets and controllable loads connectively disposed thereto; and

    said multi-tier benefit optimization program maximizes the sum of weighted direct and indirect benefits or penalties generated by said renewable power generating assets, fossil fueled generating assets and said controllable loads, such that economics of system operation and benefits or penalties of system operation unrelated to the reasons for which the system is primarily operational are quantified and together are optimized to achieve a desired multi-tier benefit.

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