Energy Toolbase, the software platform that models and analyses the economics of solar PV and energy storage projects, now caters to the residential market.
The platform now integrates the StorEdge inverter produced for homeowners by Israeli inverter company SolarEdge – meaning that clients can run residential storage dispatch simulations and savings analyses based on how that inverter would operate in the field when coupled with an LG RESU10H battery.
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The integration allows users to determine the optimal mode of operation for their residential energy storage system. The software will deduce the best schedule for operations based on the homeowner’s load profile, solar PV system specifications, time-of-use utility rate schedule, and net energy metering assumptions.
John Gurski, founder and CEO at the Florida-headquartered firm, said in a statement that StorEdge is the “first publicly available residential storage integration” to go live on the platform.
“This implementation streamlines the project development workflow for residential solar and energy storage developers and gives them confidence knowing they’re running validated simulations and economic analysis of StorEdge systems,” he said.
There is no additional cost for Energy Toolbase users to use the feature that simulates StorEdge.
Energy Toolbase, founded in 2014, claims to be used by more than 1,000 distributed energy organisations. In August 2019, the company came 1,011th in Inc’s annual scorecard of the 5,000 fastest-growing private companies in the US.