Maximize revenue and ROI

UL Solutions unveiled the new 1.10 version of HOMER Grid modeling software, developed to assist with speeding up and simplifying designing and optimizing renewable distributed energy-plus-storage powered electric vehicle (EV) charging stations, which may allow for the maximizing of their potential revenue and return-on-investment (ROI). HOMER Grid 1.10 enables users to rapidly calculate potential EV charging revenue based on user-defined charging prices and the costs of supplying electricity from the grid or using on-site renewable generation and storage. These new features join HOMER Grid’s modeling of on-demand fast charging and managed or deferrable smart mode charging when time-of-use energy rates are lowest. The software enables project developers to reduce the time and uncertainty of evaluating the ROI of a proposed, site-specific, renewable energy-plus-storage powered charging station, maximize the project’s value, and demonstrate that value to customers. Modeling results can also help speed the permitting process, reduce the time from quote to construction, and provide cost-savings and revenue generation data that mitigates project risk and may result in better financing terms. Databases for electric loads, utility tariffs, incentives, demand response programs, solar irradiance, and other weather data are integrated into HOMER Grid, allowing developers to analyze the feasibility of a prospective location and powering system configuration and compare multiple sites quickly. Other updates to HOMER Grid 1.10 include the addition of California’s Net Energy Metering (NEM) 3.0 tariffs. Additionally, HOMER Grid allows users to import project production data from other design software. A new enhancement enables users to import multiple data files, from multiple solar photovoltaic (PV) arrays, for example, to be combined into a single energy modeling project in HOMER Grid 1.10. With recently updated utility tariffs, HOMER Grid software integrates more than 90% of tariffs from the United States (U.S.), Mexico, and Canada. The software also allows the creation of custom tariffs, enabling more accurate modeling of energy project costs as utility pricing continues to evolve.

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