You can perform some IPMI tests without real IPMI equipment. The OpenIPMI library provides a simple IPMI simulator that allows you to access your local network. Download the OpenIPMI library and read ./OpenIPMI-2.0.21/lanserv/README.vm .
It is not possible to emulate a real BMC, such as iLO or DRAC. However, this is enough for the first round of testing software with IPMI support.
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