This paper describes a proposal on how to model formal requirements in Modelica for simulation-based verification. The approach is implemented in the open source Modelica_Requirements library. It requires extensions to the Modelica language, that have been prototypically implemented in the Dymola and Open-Modelica software. The design of the library is based on the FOrmal Requirement Modeling Language (FORM-L) defined by EDF, and on industrial use cases from EDF and Dassault Aviation. It uses 2-and 3valued temporal logic to describe requirements.