Patent 10998732 was granted and assigned to Caterpillar Inc. on May, 2021 by the United States Patent and Trademark Office.
A hybrid micro-grid system for providing power to a load connected to a common bus. The system includes at least one renewable power source, at least one genset, at least one energy storage unit, and an asset management controller operatively coupled to the power sources supply power to the common bus. The AMC is configured to determine a renewable cost function, a genset cost function, and a storage cost function, then assigns a priority of each power source based on the corresponding cost function. The AMC determines a cascade of the power sources based on the determined priority and selectively distributes a power demand of the load between each power source based on the determined cascade.