Open Access Technology International, Inc.

Guillermo Irisarri

Sasan Mokhtari

Ali Ipakchi

Farrokh Albuyeh

Abdolhossein Rahimi

Jose Medina Palomo

Farrokh Rahimi

Haso Peljto

Ilya William Slutsker

Behnam Danai

Carlos Gonzalez-Perez

Nelson Muller

Benham Danai

Scott Arcand

A process/method is provided for the next generation of electricity market systems that support competitive trading of electric energy and ancillary services within day-ahead and real-time market operation frameworks. The invention comprises the systems and methods related to advances in electricity market architecture, functionality, and performance. The systems and methods of the invention ensure system operation reliability and maximize market economic efficiency of energy and ancillary services trading in competitive market environment. A process/method comprising optimal clearing and competitive price formation for a variety of market commodities that are supplied and consumed by a numerous market entities of a variety of types. The solution process is arranged and facilitated in controllable and efficient manner.

Next-generation energy market design and implementation

A system and process/method of modeling demand-response (DR) and distributed-energy resource (DER) assets is provided, facilitating the aggregation of said assets in virtual power plants (VPPs), and using VPPs to provide energy balancing services needed to minimize the impact of Variable Energy Resources (VER) on power system. The method accurately accounts for assets by qualifying assets based on various parameters and by forecasting the capabilities of the resulting VPPs for provision of balancing services. Asset performance factors that may affect the aggregated VPP's capabilities are monitored and recalculated when necessary. Near-term forecasted VPP capability is compared to near-term forecasted imbalances in the electric-power-supply system, and the VPP is dispatched to minimize the system imbalances. The dispatch signal is disaggregated to control commands to individual assets. This process provides a reliable and cost effective approach to support higher penetrations of renewable generation in the electric power system.

Model and control virtual power plant performance

A system and process/method is provided, which economically optimizes the dispatch of various electrical energy resources. The disclosed process/method is linked to and communicates with various sources of input data, including but not limited to, EMS/SCADA legacy Energy Management Systems (EMS), legacy Supervisory Control and Data Acquisition (SCADA) Systems, Demand Response (DR) and Distributed Energy Resources (DER) monitor, control, schedule, and lifecycle management systems (DR/DER Management System), and Energy Markets, electrical energy commodity trading systems (Trading Systems), and Operations System (OPS) in order to compute optimal day-ahead, day-of, and real-time schedules of various durational length for generation, demand response and storage resources while taking into account bilateral contracts and market-based trade opportunities.

Systems and methods of determining optimal scheduling and dispatch of power resources

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Plymouth, MN, United States of America

Guillermo Irisarri