Table A.4
Overview of BESS modeling tools: market coverage and core capabilities.
| Tool | Market Coverage | Core Capabilities / Use Cases |
|---|---|---|
| HOMER Energy | Mainly US | Microgrid modeling; simulates battery storage dispatch strategies; considers various market participation options |
| Emulate Energy | Scandinavia and the US | Proprietaiy control algorithms; supports multi-market participation: simplifies connection of BESS to energy markets |
| Fractal Model | Mainly US | Financial modeling and project lifecycle analysis; simplifies BESS integration; optimizes revenue and dispatch |
| Chronos (Aurora Energy Research) | Multiple European electricity markets | Advanced modeling of BESS revenue streams; long-term scenario and policy impact analysis; European market focus |
| COSMOS (Clean Horizon) | Multiple European electricity markets | Comprehensive interface for simulating BESS participation; ancillary services and capacity markets; adaptable to European conditions |
| Mode (Modo Energy) | Well known for the UK market | Real-time and historical market data analytics; benchmarks BESS performance and revenue across segments |
| EnerStorage Pro (enervis) | Mainly Germany | Comprehensive techno-economic modeling: detailed simulations of market strategies, revenue stacking, and sensitivity analyses |
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