Video: Modeling software supports utility-scale energy storageS. Himmelstein | June 15, 2022
A licensable web-based software platform for designing and optimizing complex utility-scale energy storage systems has been developed by UL. HOMER Front is designed to optimize such energy storage systems, either as standalone storage or when paired with solar photovoltaic or wind energy sources.
The platform is built with battery dispatch modeling and performs technical and economic analysis aimed at maximizing revenues. Users can align battery augmentation strategies for participating in capacity and energy markets and meeting off-take agreement requirements. By adding storage to their projects, developers can offer dispatchable power, increase revenue, strengthen system reliability and support decarbonization goals.
Energy developers in the U.S., Canada, Europe, Asia, Oceania and Latin America can use HOMER Front to analyze optimal sizing of energy storage in utility-scale systems, battery capacity degradation and augmentation strategies to maximize revenue and minimize expenses and screen projects for economic viability.
HOMER Front is built on the HOMER software platform originally developed at the U.S. National Renewable Energy Laboratory, which has performed more than 250,000 project calculations in over 190 countries.