System and method for management of electrochemical energy storage devices
Methods and software for electrochemical energy storage management including operation, planning, and valuation. The decision objective for operation is to maximize the total/remaining life-cycle benefit of electrochemical energy storage, subject to degradation and other operational constraints. The operational decisions are both short term and long term, to address the intertemporal trade-offs brought by degradation issues. Two metrics are proposed for operational and planning decisions respectively: marginal benefit of usage and average benefit of usage. A sample algorithm is provided to solve the multi-timescale optimization problem.
Whitacre, Jay↗