The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 22, 2022
Filed:
Jun. 04, 2019
Inventus Holdings, Llc, Juno Beach, FL (US);
Marc Benedict C. Tinio, Juno Beach, FL (US);
Maikel Martin, Juno Beach, FL (US);
Hector K. Lopez, Juno Beach, FL (US);
Inventus Holdings, LLC, Juno Beach, FL (US);
Abstract
A system and a method for regulating charging and discharging of an energy storage device as part of an electrical power distribution network is described. The invention is a smart control algorithm for a bi-directional switch in which an energy storage device, such as a battery set, is charged when electricity prices are low and discharged when electricity prices are high. The invention uses two different types of pricing data: forecasted price data and real-time price data. The forecasted price data is used to set a threshold. When the real-time price data of electricity exceeds this threshold, the energy storage device is set to discharge and send power to the grid. Otherwise the energy storage device is set to charge. The threshold is set periodically, typically in 30 minute to several hour intervals to capture the latest data.