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Energy Storage Dispatch Optimization Model for Maximizing Electrical Cost Savings
Energy usage in the industrial sector has been increasing since 2007 and has been the largest energy consuming sector in the US (e.g., at nearly 33 quadrillion Btus in 2018). Industrial facilities are not only the largest end-use consumer of energy, but account for one-third of the total peak power demand in the US. This creates several challenges...
Published: 8/29/2023   |   Inventor(s): Joseph Elio, Miguel Peinado-Guerrero, Jesus Villalobos, Ryan Milcarek
Keywords(s): Electric Power Engineering, Energy, Energy Efficiency, Energy storage, PS-Energy and Power
Category(s): Computing & Information Technology, Energy & Power, Physical Science