As far as I can see, ther is not a requirement for an external battery to use as you suggested. Here is an excerp from Kepco on the DC fail flags for the HSP series inverters.
DCFAIL Indicator and Output Status Flags
The OUTPUT status flags and DCFAIL indicator LED are both controlled by the output fault detector circuit, which monitors both output voltage and module current to assess d-c output status. An output fault condition (DCFAIL indicator "ON") is generated if one of three fault conditions is detected: (1) Overvoltage fault or (2) Undervoltage Fault - output voltage is outside specified regulation limits, or (3) Undercurrent fault - the power supply module is supplying less than 70% of the current required by the circuit (as indicated by the load sharing signal) while the output voltage is within specification limits.
A fault condition is not generated for a combination of overvoltage and undercurrent indications, as these are mutually exclusive conditions for power supplies which are not part of a parallel-redundant configuration; this combination does, however, indicate proper operation for operational power supply modules which are part of a parallel-redundant power scheme in which one or more power supply modules are presenting overvoltage failures.
The Fault Detector Operation Table (below) provides an operating matrix of the DCFAIL status function; see timing relationships. The output voltage fault limits are ±5% of programmed output voltage, while the undercurrent fault limit is < 70% of required module current; signal reset requires output voltage recovery to within the specified ±1% regulation range and/or module current recovery to > 85% of required module current, respectively.
I know I do not have high/low voltage conditions, so that just leaves the current monitor on the ISHARE bus. They give no indication how to use it however, so I am stumped as to what it expects to see.