HOMER Energy, a subsidiary of UL Solutions, specializes in software solutions for the design and optimization of hybrid power systems. Serving over 250,000 system designers and developers across 193 countries, HOMER Energy operates in the renewable energy and microgrid markets. The company's flagship product, HOMER (Hybrid Optimization of Multiple Energy Resources) software, helps users navigate the complexities of building cost-effective and reliable hybrid microgrid and grid-connected systems. These systems combine traditional and renewable power sources, storage, and load management. HOMER Energy's business model revolves around software licensing, training, and consulting services. Revenue is generated through the sale of software licenses, subscription fees for online applications, and fees for professional training and consulting services. The company’s clients include energy professionals, utility companies, and developers who require accurate and efficient solutions for optimizing the technical and economic performance of hybrid energy systems.

Keywords: hybrid power systems, microgrid, renewable energy, optimization, software, energy storage, cost-effective, grid-connected, simulation, consulting.