November 30, 2022
Boulder, Colo. – Nov. 30, 2022 – UL Solutions, a global leader in applied safety science and developer of renewable energy modeling software, today announced new features in HOMER Grid, the trusted software for designing grid-connected distributed generation projects. Now with added detail in cost calculations and improved ease and flexibility in setting utility tariffs, HOMER Grid release 1.9 enables energy professionals to complete more accurate cost and performance evaluations for a specific distributed energy project.
Today, microgrids increasingly include energy storage, making HOMER Grid’s newly enhanced cost detail for solar and energy storage projects critical for evaluating renewable energy systems’ technical and financial feasibility and potential performance. New cost categories include the module, installation, permitting, overhead, replacement, and land purchase and preparation. Users can also add information on taxes and create custom cost categories.
Additionally, users can create or edit custom utility tariffs directly in HOMER Grid’s advanced tariff builder interface – making it convenient and easy to adjust settings as utility rate structures evolve and enabling a more accurate assessment of utility costs in energy projects.
HOMER Grid’s 1.9 release also allows for a dedicated converter for battery storage, facilitating the modeling of standalone energy storage installations. The new release incorporates helpful ease-of-use features, including tooltips that can be filtered by utility rate settings, consolidated views of utility data, and a more streamlined organization of project tabs.
See a demonstration of the new features by registering for the Dec. 7, 2022, webinar, “HOMER Grid release 1.9: Mastering the power of detailed cost calculations and custom tariff modeling.”
Learn more about HOMER Grid for distributed generation modeling.
About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers’ products and reflect an unwavering commitment to advancing our safety mission. 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. Our science is your advantage.
T: +1 (847) 664.8425