Anchor Power Solutions Releases EnCompass Version 7
Anchor Power Solutions is pleased to announce the release of EnCompass version 7. This release extends the capabilities of EnCompass to optimize the integration of renewables and storage and includes numerous usability features requested by the 40-plus client community.
EnCompass version 7 includes new features to accurately model the impacts of the recently enacted Inflation Reduction Act (IRA). Production tax credit rates can be set for each resource based on their eligibility for bonus credits for domestic content and energy communities. EnCompass automatically applies the production tax credits during the first 10 years of operation, eliminating the need to create separate resources and projects for each potential in-service year. For capacity expansion simulations, EnCompass estimates the value of the production tax credits and reduces the economic carrying charges accordingly.
The regulatory treatment of the Investment Tax Credit (ITC) is now an option in EnCompass, which allows the full value of the ITC to be taken during construction instead of normalizing over the life of the project. The IRA allows utilities to opt out of normalization for standalone storage projects, but still requires normalization for solar projects.
Storage & Electrolysis Limits
Batteries, pumped hydro, and power-to-gas resources like electrolysis can now have costs and limits placed on the electricity used to charge, pump, and create hydrogen. The limits include daily, weekly, and annual total energy, which may represent contractual limits for batteries or water availability for electrolysis.
Updates to the EnCompass engine will provide performance improvements for several types of scenarios. Additionally, advanced options for the optimization are now available, including a tuner that will automatically try several combinations of settings to find the ones that give the fastest runtime. A new version of SQL Server is also included, which provides additional performance improvements. Estimate of runtime improvements for nodal simulations:
Anchor Power Solutions provides planning software and consulting services for the power industry with a focus on market price forecasting, economic transmission analysis, integrated resource planning, budgeting, and risk analysis. Anchor Power Solutions developed EnCompass Software to accomplish all these functions in a single, easy-to-use system. For a custom demonstration, contact email@example.com.