US Patent Issued to Tyco Fire & Security on Aug. 19 for "Asset sizing with utility use constraints" (Wisconsin Inventors)

ALEXANDRIA, Va., Aug. 20 -- United States Patent no. 12,393,999, issued on Aug. 19, was assigned to Tyco Fire & Security GmbH (Neuhausen am Rheinfall, Switzerland).

"Asset sizing with utility use constraints" was invented by Mohammad N. Elbsat (Milwaukee) and Michael J. Wenzel (Grafton, Wis.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An energy optimization system includes an asset sizing system to determine an asset size and to cause a new asset to be purchased or installed. The energy optimization system uses a cost function dependent on a cost of operating a building system and on an initial purchase price of the new asset. The new asset may be a heat recover chiller, a solar energy system, a hydroelec...