UL Acquires Clear Sky Analytics

UL, the global safety science leader and one of the world's leading advisors on the development, assessment, and optimization of renewable energy ventures, announced today the acquisition of the proprietary software platform and related assets of solar analytics company Clear Sky Analytics. Ajay Saproo and John Corson, co-founders of Clear Sky Analytics, will also join UL.

The proprietary software platform analyses the performance of solar assets and offers prescriptive insights. This acquisition broadens UL's solar offerings and strengthens its overall solar and wind renewables expertise, which includes consulting services through the project life cycle and supply chain, from due diligence to project development, certification, testing and evaluation, asset management, and reporting.

Clear Sky Analytics, founded by solar industry veterans Ajay Saproo and John Corson, specializes in distilling and interpreting operating PV solar plant data to maximize efficiency through actionable insights. Clear Sky Analytics' proprietary software platform combines data quality management, performance optimization, and analysis algorithms to create a complete and detailed accounting of energy produced and energy wasted due to specific reasons.

The Clear Sky Analytics platform acquisition expands UL's existing comprehensive portfolio of independent technical advisory, testing, inspection, certification, and software services to the solar energy industry. These services are intended to assist stakeholders such as developers, investors, financiers, owners, operators, utilities, grid managers, and policymakers in understanding the complexities of solar energy production and the ability to produce clean, renewable energy. They support all phases of the project life cycle, including feasibility, planning, design, construction, financing, investment, operations, and maintenance.

Since its launch in March 2017, Clear Sky has provided development and operational insight for over 150 solar projects across a wide range of geographies and designs. This includes Clear Sky and UL collaborations. Engagements have included UL consulting and laboratory and field inspection facilities along with Clear Sky's plant performance data analysis, resulting in optimized solar plant performance and significant operator cost savings.

The deal was completed on May 17, 2021. The acquisition's terms were not disclosed.

About UL

UL is the global leader in safety science. It provides testing, inspection, and certification (TIC), training and consulting services, risk management solutions, and essential business insights to its customers in over 100 countries, assisting them in achieving their safety, security, and sustainability objectives. The deep product experience and expertise through supply chains make it the go-to partner for customers facing complex challenges.

About Clear Sky Analytics

Clear Sky Analytics, a privately held company, distills and interprets efficiency data to provide actionable insight as a service to enhance the assessment and optimization of operating solar plants. Its proprietary software combines data quality enhancement, performance analysis, and analysis algorithms to provide a detailed and quantitative accounting of energy production and losses due to specific causes.



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