Viridity Energy, Inc. announced that the U.S. Patent and Trademark Office has awarded it a patent for systems and methods used to generate an operating schedule for energy storage assets, such as batteries, used in connection with transport systems, such as rail operations, and with electric vehicles.
The patent reflects the value stacking capabilities of Viridity software, which maximizes the value of flexible load, energy assets and energy storage. The new patent addresses a variety of functions, including optimizing use of the storage asset to maximize the combined market revenue derived from integration of storage into regional markets, with cost savings associated with the capture of regenerative braking power from rail systems or electric vehicles.
“Our patented and market-proven solutions can help large metropolitan transit system operators better manage the power dynamics on their third rail systems, and reduce the cost of operations,” Viridity President Raj Chudgar commented.
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