UL Solutions HOMER® Front Software Adds Frequency Regulation Modeling for Utility-Scale Battery Storage
Summary
, /PRNewswire/ — UL Solutions, a global leader in applied safety science, announced the release of the new 1.0 version of HOMER® Front software, adding expanded performance and financial forecasting capabilities to the subscription-based online application for designing, optimizing and maximizing the revenue and return on investment of complex utility-scale energy storage, solar, wind and hybrid systems. This ancillary service represents a significant additional revenue stream for energy storage projects — whether as standalone or hybrid systems that include solar and wind. The simple, intuitive user interface enables robust modeling for multiple revenue streams, system size, battery dispatch and augmentation strategies. Sensitivity analysis helps users evaluate technical and financial performance as key parameters fluctuate — such as solar irradiance, wind speeds or energy market prices. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains and grow sustainably and responsibly into the future.