HOMER ENERGY LLC UPDATE
HOMER ENERGY LLC SOFTWARE

HOMER Energy is the developer and distributor of the HOMER software, the global standard for energy modeling tools that analyze solar-plus-storage microgrid and other distributed energy projects. Learn more about HOMER Grid, try or buy at While solar-plus-storage is the most popular combination, HOMER Grid also models wind, combined heat and power, natural gas and other energy components for hybrid renewable energy systems.

HOMER ENERGY LLC SOFTWARE

The HOMER Grid software rapidly performs complex calculations that determine the value of self-consumption, demand charge reduction and energy arbitrage. By accurately modeling and comparing the financial benefits of multiple distributed energy options, HOMER Grid users can reduce financial risk by determining the best mix of generation sources for the lowest cost. HOMER Grid gives commercial and industrial customers the potential to reduce their demand charges and other electricity costs through the design of cost-effective behind-the-meter projects. Using electric load data down to minute-long intervals, the new updates will allow for a more accurate simulation of many tariff structures including net metering. They can validate past utility tariffs to HOMER Grid's bill estimate, and calculate income potential from selling excess energy back to the grid. Users can model economic impacts of switching to a new tariff.

The new HOMER Grid incorporates the Genability database of utility rates forВ North AmericaВ and also allows users to create complex, custom and international tariffs in a more robust and useful manner. Users can create and model power systems with the exact brands and specifications they will use in an actual build as they simulate and compare possible grid-connected hybrid renewable energy systems. Unlike many energy modeling programs that only work with proprietary components, HOMER Grid has always been agnostic, providing the ability to simulate distributed energy systems with all equipment brands.

HOMER ENERGY LLC UPDATE

In addition to its extensive software library users can edit technical specifications to update existing or create entirely new components. Users of HOMER Grid 1.3 can now model any brand of power system components - such as solar photovoltaic cells, generators, batteries, wind turbines, inverters. 'We created HOMER Grid as a dedicated product to do this very well.' 'We have been modeling grid-connected systems for well over a decade, and valuing grid-connected storage requires a really rigorous approach,' says HOMER Energy founder and CEOВ Peter Lilienthal. Data center outages - for example - can cost companies up toВ $9,000В per minute. The report says that in 2017, 58% of manufacturing facilities reported an outage of an hour or more, and 18% reported losses of overВ $100,000В for their worst event. They are also costing companies more on an hourly basis according to a 2018 report by the S&C Electric Company. Power outages are increasing in the US, due to an aging electric grid and more frequent extreme weather events. The need for improved electric reliability is one of the key factors driving new commercial investments in distributed energy. HOMER Grid can accurately model the economic consequences of grid outages and help users estimate how the timing of random power failures might affect the energy economics of commercial and industrial facilities. HOMER Energy's powerful tool for simulating grid-tied solar-plus-storage and other hybrid renewable energy projects now has more powerful ways to estimate the costs of improving reliability and resilience. 9, 2019В /PRNewswire/ -В Today HOMER Energy is releasing important updates to its HOMER Grid software, designed to model distributed energy systems that will cut energy costs for commercial and industrial customers. Software Update Includes Enhanced Modeling of Outages, Renewable Energy Equipment, and Utility TariffsД«OULDER, Colo.,В Jan. Original Press Release: HOMER Grid Design Software Ready for the Surge in Solar+Storage Systems It is embedded with Genability database of utility rates for North America and enables user to model economic impacts of switching to new tariff. The software can model power system components such as solar photovoltaic cells, generators, batteries, wind turbines and inverters. It is able to model the economic consequences of grid outages and enables users to estimate the effect the timing of random power failures. The HOMER Grid Software is used for modeling distributed energy systems for cutting the cost of commercial and industrial customers.

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