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:
May. 12, 2026
Filed:
May. 07, 2024
Tata Consultancy Services Limited, Mumbai, IN;
Vishnu Padmakumar Menon, Pune, IN;
Yogesh Kumar Bichpuriya, Pune, IN;
Narayanan Rajagopal, Bangalore, IN;
Venkatesh Sarangan, Chennai, IN;
TATA CONSULTANCY SERVICES LIMITED, Mumbai, IN;
Abstract
The embodiments of present disclosure address a need of a framework to holistically utilize storage capacity of an Energy Storage System (ESS) to serve forecast errors of several Renewable Energy Generators (REGens) participating in a day-ahead market. Embodiments herein provide a method and system for optimizing the operation and price of an Energy Storage as a Service (ESaaS) framework. In anticipation of the forecast errors from REGens, the ESS operator takes suitable countermeasures such as charging/discharging of storage system through market transactions. This is done in a way to reduce imbalance in the market commitments made by individual REGens without reserving any storage volume for each REGen. Further, the system is configured to schedule the storage, determine the settlement volumes, and decide the service prices. The disclosed ESaaS framework is beneficial for all entities such as REGens (revenue outflow decreases), system operator (imbalance volume reduces), and ESS (revenue earned increases).