UL acquires solar software platform from Clear Sky Analytics
the has announced that it has acquired the proprietary software platform and related assets of the solar analytics company Clear Sky Analytics. Clear Sky Analytics co-founders Ajay Saproo and John Corson will also join UL.
The proprietary software platform analyzes solar energy performance and provides prescriptive insights. This acquisition expands UL’s solar offering and the overall depth of its solar and wind expertise, including consultancy services on the project lifecycle and supply chain from due diligence to project development, certification , testing and inspection, asset management and reporting.
“We are excited that the Clear Sky Analytics platform is now part of UL and will help create a safer, more secure and sustainable world,” said Jennifer Scanlon, president and CEO of UL Inc. “With Solar as Zero-Emission, Reliable By increasing and optimizing the energy source, communities worldwide can replace carbon-intensive energy sources and significantly reduce greenhouse gas emissions. The acquisition of Clear Sky advances how UL uses human, brand and financial capital to build our help customers take positive actions that benefit our planet, its people and the prosperity of future generations. ”
Clear Sky Analytics specializes in distilling and interpreting PV solar plant operational data to improve performance by providing actionable insights. Clear Sky Analytics’ proprietary software platform integrates data quality management, performance modeling and analysis algorithms to generate comprehensive and quantitative accounting of the energy produced and energy lost from specific causes.
The acquisition of the Clear Sky Analytics platform complements UL’s existing portfolio of independent technical advice, testing, inspection, certification and software services for the solar industry. These services are designed to help stakeholders, such as developers, investors, funders, owners, operators, utilities, grid operators and policymakers, understand the intricacies of solar energy production and the ability to produce clean, renewable energy, and support all phases of the project life cycle including feasibility, planning, design, construction, financing, investment, operation, maintenance and management of solar energy assets.
“Enabling our customers to plan, finance, build, operate and manage solar energy projects is key to the overall transition from our current fossil fuels to a sustainable future,” said Jason Fischer, president of Enterprise and Advisory at UL. “Clear Sky Analytics’ advanced prescriptive insight into the fast-growing solar market is the ideal complement to UL’s consulting, certification and testing services. We are delighted to welcome Clear Sky Analytics to UL and are confident that their deep solar expertise will contribute to continued innovation that will benefit our global customer base. ”
Since Clear Sky’s founding in March 2017, the company has provided development and operational insight for more than 150 solar energy projects across regions and designs. This includes collaborations between Clear Sky and UL. Leveraging the expertise of each organization, the assignments include UL consulting and laboratory and field inspection services coupled with the analysis of Clear Sky plant performance data that has resulted in optimized solar power plant performance and significant cost savings for operators.
“We are delighted to be part of the UL family to help customers worldwide reduce risk and optimize the return on their solar energy projects,” said Ajay Saproo, founder and CEO of Clear Sky Analytics. “Having previously worked with UL on several projects, we are confident that our combined capabilities will create value for our customers and drive technological advancements as we navigate the complexities of solar power plant management throughout the life cycle of the company. project. “
The transaction was closed on May 17, 2021. Terms of the acquisition were not disclosed.
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