MUMBAI, India, June 30 -- Intellectual Property India has published a patent application (202617055766 A) filed by Lg Energy Solution, Ltd. on May 01, 2026, for Systems And Methods For Optimizing The Charging And Discharging Of Batteries.
Inventors include Kumar, Kiran; and Pointer, Marielle.
The application for the patent was published on June 26, 2026, under issue no. 26/2026.
Abstract: Systems and methods for optimizing charging and discharging of a battery energy storage system (BESS) are disclosed. A pre-defined time period mapped to electricity price forecast data is partitioned into charging windows and discharging windows. A bidding profile may be generated by identifying combinations of charging windows and discharging windows that maximize a revenue value over the pre-defined time period. A power profile for the BESS derived from the bidding profile is generated, and a battery analytics profile derived from the power profile is generated. The battery analytics profile is assessed for compliance with convergence criteria. If the battery analytics profile complies with the convergence criteria, the bidding profile is transmitted to a server of an electricity market operator for approval, otherwise, the bidding profile is adjusted until the resulting battery analytics profile complies with the convergence criteria.
Disclaimer: Curated by HT Syndication.
