Open-Source Software: Empowering Energy Analysts with Stochastic Technoeconomic Assessments with HERON

The Department of Energy is announcing the availability of an open-source software tool called HERON, which is designed to empower energy analysts with stochastic technoeconomic assessments. HERON is a modeling toolset and plugin for RAVEN that accelerates stochastic technoeconomic assessment, enabling precise economic viability analysis of various grid-energy system configurations. The tool is intended for energy analysts, engineers, academic researchers, government agencies, utility companies, and industry consultants. The primary advantages of HERON include accelerated analysis, stochastic optimization, comprehensive economic metrics, user-friendly interface, and open-source collaboration. • Accelerated analysis and stochastic optimization • Comprehensive economic metrics and user-friendly interface • Open-source collaboration and accessibility for various stakeholders • Applications in grid-energy system configuration, economic viability assessment, and educational and research development.