1. HOMER Front is a software platform that enables project owners, designers, and investors to evaluate the technical and economic performance of battery energy storage systems in various market opportunities. It can be used for battery system sizing, managing augmentation strategies, and modeling revenues.
2. ESS Inc. has received certification for its Energy Center iron electrolyte flow battery system to withstand seismic activity to the highest rating of the IEEE 693 standard. The flow battery can be deployed as critical energy infrastructure to provide resilience against seismic events and is configurable for different durations of storage.
3. NARDAC, a UK-based insurance underwriter, is offering underwriting services for battery energy storage system (BESS) projects, providing up to US$50 million in underwriting capacity to developers and operators worldwide. The company aims to address the insurance gap for emerging energy technologies and smaller projects.
HOMER Front is a software tool that allows project owners, designers, and investors to evaluate the technical and economic performance of battery energy storage systems (BESS) in various market opportunities. It can be used for sizing battery systems, modeling revenues, and considering factors such as energy market prices. The software now includes modeling specifically for applications best served by batteries, such as frequency regulation and capacity markets.
ESS Inc. has received certification for its Energy Center iron electrolyte flow battery system to withstand seismic activity. The flow battery can be deployed as critical energy infrastructure to provide resilience against seismic events and is configurable for different durations of storage. The product has undergone testing at the University of California and is the first non-lithium long-duration energy storage technology to receive this certification.
NARDAC, a UK-based insurance underwriter, is now offering underwriting services for BESS projects, providing up to $50 million in capacity to developers and operators worldwide. The company aims to address the growing need for insurance coverage for emerging energy technologies, particularly as projects become larger and more complex. The underwriting service is backed by eight triple-A rated syndicates in the Lloyds insurance marketplace and is managed by experts with deep knowledge of global energy markets.