UL is relied on by the public, regulatory authorities, the Governments, industries, and businesses for smarter decisions. Each section, such as Analytical and Digital solutions, Testing, Certification, and Independent Research and Standards development, aims to increment the global well-being. The company enables the secure adoption of new products and technologies, thereby empowering trust. UL applies science to resolve safety and sustainability challenges to better the world. The footprints of UL can be leveraged to extend into worldwide markets having demand. Both organizations have a similar primary aim of a superior service level for customers and enhancement of customers’ asset value through additional services. Peter Lilienthal, CEO-HOMER Energy remarked, It is exciting to combine with UL and expand services in the Renewable Energy market. The Renewable Power industry looks at the Distributed Energy market as a quickly expanding segment.ĭr. It is adaptable to a wide variety of projects.

The combination of the UL expertise in product testing certification and the HOMER Energy expertise in system design capabilities is expected to assist customers to realize more value in the microgrids value chain and enhance safety in the world. HOMER microgrid software provides the detailed rigor of chronological simulation and optimization in a model that is relatively simple and easy to use.

The acquisition terms were not revealed to the public. On December 16, 2019, the transaction between these two companies was closed. The employees of HOMER Energy have joined the Energy and Power Technologies division of UL. Now, UL is looking forward to extending its services across the renewable energy value chain. This marks the commencement of the combination of the experience and thought leadership in Solar, Wind, and Battery technology of UL and the system design ability and distributed energy project database of HOMER Energy.

UL, a worldwide Safety Science leader, has taken over Boulder, the Colorado-based HOMER Energy and a global leader in optimization software and modeling for microgrids.

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