HOMER Energy software set the global standard for decision making concerning the optimal mix of resources, system configuration, and capital and operating costs of microgrids. HOMER Energy is a privately-owned company that provides training, advisory and analytic services, and community tools to industry, government, researchers, and enthusiasts in the energy industry. The acquisition combines UL’s experience and recognized thought leadership in solar, wind and battery technology with HOMER Energy’s system design capabilities and distributed energy project database enabling UL to expand services across the renewable energy value chain. – Decem– UL, a global safety science leader, announced the acquisition of Boulder, Colorado-based HOMER Energy, the world leader in modeling and optimization software for microgrids. Terms of the deal were not disclosed.NORTHBROOK, Ill.
The transaction is expected to close within thirty days. “As part of the Generac team, we can now accelerate our vision for a cleaner grid, leveraging our technology and capabilities that help continuously balance supply and demand while enabling rapid and profoundly beneficial changes in our energy markets.” “Together with Generac, we have an unprecedented opportunity to make our energy grids more efficient, resilient and economical,” said Bud Vos, president and CEO of Enbala. “Enbala and Generac will be able to harness the power of everything from solar + storage systems to our own generators to help limit the need for new power plants and maintain the convenience and flexibility of diversified power production.” “Distributed generation is a critical next step for utility companies faced with meeting peak demand while also dealing with capacity constraints and regulatory restrictions,” said Jagdfeld. Residential and C&I rooftop solar, behind-the-meter battery storage systems, electric vehicles and flexible electricity load management are key asset components of a healthy future for Generac and distributed energy resources management. This means otherwise dormant back up power generation assets can come online as part of a distributed energy solution and generate revenue for the asset owner.Īs utility companies adopt cleaner forms of energy while simultaneously dealing with power disruptions, the opportunities to optimize the grid with DERs are becoming more creative.
The Enbala Concerto software platform enables the connection of DERs to register and participate in distributed energy aggregation and control programs. With thousands of megawatts of residential and industrial standby power generation installed in the United States, Generac’s products can be leveraged in virtual power plant and distributed energy resource management system markets. We’re proud to be at the forefront of the Smart Grid 2.0 with these new capabilities.” “Enbala is a proven virtual power plant and distributed energy resource management platform, and we believe their business model can be incredibly synergistic with our business. “We’re on the leading edge of a remarkable transformation of the electrical grid, moving from a dated and centralized power distribution model to one that will be digitized, decentralized and more resilient,” said Aaron Jagdfeld, CEO of Generac. Its Enbala Concerto platform is being used by utilities and energy retailers around the world to leverage the power of distributed energy resources (DERs) to respond to the real-time energy balancing needs of power systems and energy markets. The deal solidifies Generac’s position as a market leader in Smart Grid 2.0 technologies and opens opportunities for the company as a grid services provider.ĭenver-based Enbala is one of the leading providers of distributed energy optimization and control software needed to ensure the operational stability of the world’s power grids. Generac announced the signing of an agreement to acquire Enbala Power Networks, a distributed energy resources technology company.
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