UL releases software to help developers evaluate the financial value of adding storage to their projects

Colorado — UL announced the release of HOMER® Front, a licensable web-based software platform for designing and optimizing complex utility-scale energy storage systems — whether standalone or in combination with solar or wind energy.

UL says HOMER Front performs technical and economic analysis that helps developers maximize the revenue of their energy storage or hybrid project. That the software allows users to rapidly test and analyze wind, solar and battery project size, architecture, and technology.

In conjunction, HOMER Front users can optimize battery augmentation strategies for participating in energy and capacity markets and meeting off-take agreement requirements.

UL says the product meets a critical need as utility-scale renewable project developers worldwide face more competition and a growing demand for supplying clean energy reliably. By adding storage to their projects, developers can offer dispatchable power, increase revenue, strengthen system reliability and support decarbonization goals.

“By providing accurate, detailed results for different system configurations, HOMER Front allows developers and financiers to evaluate the system’s performance and make critical project decisions with confidence,” said Colin Tareila, engineering manager of Renewables in UL’s Asset and Sustainability Performance group. “We’re extremely pleased with the significant advantages we’ve seen HOMER Front provide through our work on UL’s advisory projects and feedback from early users of the software. The capabilities will help advance deployment of energy storage projects worldwide.”

Important value streams for U.S. and global markets that rely on energy wholesale, capacity markets and power purchase agreements — including California Independent System Operator (CAISO) and Electric Reliability Council of Texas (ERCOT) — are modeled in the software.


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