UL, a developer of software for modeling renewable energy, announced the release of HOMER Front.
The licensed web-based software platform will enable the design and optimization of complex energy storage systems (ESS) – whether stand-alone or in combination with solar or wind energy.
Equipped with battery distribution modeling and an intuitive user interface, HOMER Front performs technical and economic analysis to help developers optimize revenue from their energy storage or hybrid projects.
The software is reported to allow users to quickly test and analyze project size, architecture and wind, solar and battery technology. Consumers can also optimize strategies to increase batteries to participate in energy and capacity markets and to meet the requirements of the exemption agreement.
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With HOMER Front, UL hopes to provide energy developers in the United States, Canada, Europe, Asia, Oceania and Latin America with an economic insight into utility systems, including:
• Optimal sizing of the energy accumulator
• Strategies to reduce and increase battery capacity
• Strong sensitivity analysis for screening for economic viability projects and reducing the internal rate of return
• Analysis of the income stack from:
o Wholesale energy market with hourly and hourly prices
o Capacity markets, such as the adequacy of resources in the CAISO market
o Electricity purchase agreements, including requirements for the design or timing of supply capacity
“By providing accurate, detailed results for a variety of system configurations, HOMER Front allows developers and financiers to evaluate system performance and make critical design decisions with confidence,” said Colin Tareila, Renewables’ engineering manager in the Asset and Sustainability Group. UL.
“We are extremely pleased with the significant benefits we have seen that HOMER Front provides through our work on UL consulting projects and feedback from early users of the software. The opportunities will help advance the deployment of energy conservation projects around the world. “
HOMER Front aims to eliminate the need for downloads and installations, which would allow the use of any operating system by global teams and increase computing power.
Capacity markets and power purchase agreements, including the California Independent System Operator (CAISO) and the Texas Electricity Reliability Council (ERCOT), are modeled in the software.
HOMER Front is built on the HOMER software platform, which designs and optimizes micro-networks and distributed energy resources (DERs).