Petar Ristanovic

Title: The Innovative Contributions of Petar Ristanovic

Introduction

Petar Ristanovic, an inventive mind based in Maple Grove, MN, has become a notable figure in the field of energy innovation. With a total of 11 patents to his name, Ristanovic's work has significantly impacted the ways in which energy imbalances are addressed in real-time scenarios in electricity markets.

Latest Patents

Among his latest contributions is the patent titled "Pricing apparatus for resolving energy imbalance requirements in real-time." This invention discloses a method and apparatus designed to resolve energy imbalances efficiently, by utilizing a plurality of market user interfaces coupled to an imbalance engine. The engine effectively determines optimal dispatch requirements reflecting the supply and demand of market participants while considering various limitations.

Another significant patent by Ristanovic outlines "Optimized load prediction for security constrained unit commitment dispatch using linear programming for electricity markets." This invention targets the optimization of security-constrained unit commitments in day-ahead wholesale electricity markets through advanced mixed integer linear programming techniques, providing essential support for submitting energy offers and bids while adhering to security constraints.

Career Highlights

Ristanovic's career has seen him work with prominent companies such as Siemens Power Transmission & Distribution, Inc. and Siemens Aktiengesellschaft. His extensive experience in these organizations has helped him hone his skills in energy management and innovative solution development.

Collaborations

Throughout his career, Ristanovic has collaborated with notable professionals including Haso Peljto and Milan Bjelogrlic. These partnerships have likely fostered an environment of innovation and creativity that contributed to his successful patent portfolio.

Conclusion

Petar Ristanovic's dedication to advancing energy solutions through his inventions not only marks him as a key innovator in the field but also showcases the potential of real-time solutions to improve efficiency in electricity markets. With a solid foundation of patents and collaborations, Ristanovic continues to shape the future of energy management.