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Servotech Power Systems files two patents for energy management technologies

23 Oct 2023 Evaluate

Servotech Power Systems has filed two patents for innovative energy management technologies in order to facilitate grid service optimization through a battery energy storage system and to effectively channel renewable energy into BESS for maximum value, enabling the transition to sustainable energy. These innovations will transform energy management and will improve overall efficiency.

The first patent, titled ‘System and Method for Controlling Load Shifting by Third Party’ relates to a system and method for enabling third-party entities to control load shifting in a Battery Energy Storage System (BESS). The technology allows third-party entities, such as utilities or aggregators, to optimize the use of BESS assets to provide grid services. The second patent, titled 'System and Method for Effective Energy Channelization from a Renewable Energy Source' relates to a system and method for effectively channeling energy from a renewable energy source, such as solar or wind, into a BESS. The technology optimizes the use of renewable energy by ensuring that it is stored in the BESS when it is most valuable.

Both of these cutting-edge technologies possess applicability across a broad spectrum of fields, including solar and electric vehicle charging systems. The technologies are covered under two pending applications.

Servotech Power Systems is engaged in manufactures and sells inverters, uninterruptible power source products, and servo stabilizers under the SERVOTECH brand name in India, south-east Asia, Africa, Europe, and the Middle East.

Peers
Company Name CMP
Havells India 1273.80
Siemens 3344.20
Apar Inds 11106.95
ABB India 6829.75
Waaree Energies 3335.40
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