This paper presents economically optimized energy and power management strategies for grid-friendly hydrogen based Zero Energy Buildings (ZEBs). The proposed energy management strategy is an adaptative optimization-based strategy that minimizes the operation cost of the facility taking into account RES generation prediction errors. It is shown that with an Adaptative Optimized Five-step Charge Controller (AOFC2) the use of the different equipment is optimized and the overall operation cost is minimized considering the entire life of the facility. The proposed energy management strategy is coordinated with power management strategies to offer advanced functionalities (peak-shaving, reactive power control and back-up service) that provide added-value to the facility. The paper demonstrates by means of offline and real-time simulations, that an adequate energy and power management structure permits the optimal economic exploitation of an advanced ZEB (that includes an energy storage system), providing not only a zero energy annual balance but also interesting added-value features to the grid and to the local consumers. (c) 2010 Elsevier Ltd. All rights reserved.