Latest news with #ULSolutions
Mid East Info
5 days ago
- Automotive
- Mid East Info
Trina Storage Achieves Industry-First IEC 61508 Functional Safety Certification with Entire Safety Commitment
Recently, UL Solutions, a leading safety science authority, awarded Trina Storage the energy storage industry's first IEC 61508 Functional Safety Process Certificate – a milestone validated by ANAB (U.S.) and IAF (International Accreditation Forum) multilateral recognition. Dr. Sheng Yun, VP of Trina Storage's Product Research Institute, and Sam Wei, UL Solutions' Global & Strategic Accounts Director for Greater China, attended the certification ceremony. Standard – driven: Redefining Safety Benchmarks As the foundational international standard for functional safety, IEC 61508 regulates the safety requirements for electronic devices throughout the entire process, from design and development to operation and maintenance. IEC 61508 lays the foundation for industry specific standards such as ISO 26262 (automotive) and IEC 61511 (industrial) which have had a profound impact on global industries. By quantifying Safety Integrity Levels, the standard empowers Trina Storage to deploy proactive safeguards against critical risks – from thermal runaway prevention to battery management system (BMS) failure mitigation. Amid growing system complexity, Trina Storage's certification demonstrates unparalleled competency in risk control. Leveraging its vertically integrated R&D and manufacturing capabilities, the company has established a world-class functional safety framework spanning design, production, and operation & maintenance – significantly enhancing product reliability. Authoritative Certification: Powering the Industry Future Dr. Sheng Yun emphasized: 'This certification validates our holistic functional safety management system and reflects Trina Storage's engineering excellence. We'll continue advancing safety practices aligned with global leading methodologies and contributing to the development of the industry.' Sam Wei of UL Solutions noted: 'The energy storage sector relies on functional safety to maintain safe operating conditions for energy storage, whether through the use of a battery management system, charging station, inverters or other control systems for safe operation. We at UL Solutions are honored Trina Storage turned to us to apply our testing expertise to confirm their mitigation of potential safety risks.' As a global leader in energy storage solutions, Trina Storage is always committed to creating extremely safe products and a reliable service. In the future, Trina Storage will continue to collaborate closely with international authoritative institutions such as UL Solutions, leveraging innovation to empower clients with state-of-the-art energy solutions. -ENDS- About Trinasolar (688599. SH) Founded in 1997, Trinasolar Co Ltd (stock symbol: Trinasolar; stock code: 688599) is engaged mainly in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy comprises mainly PV power generation and operations and maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. We are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future. On June 10, 2020, Trinasolar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It was the first PV and energy storage company to go public on the STAR Market providing PV products and systems, as well as smart energy. For more information, please visit For media inquiries please contact: Mariam Agag – PR Manager, Trinasolar MEA Email: Lojayne Mohsen – Senior Consultant, Fekra Communications Email:
Zawya
5 days ago
- Automotive
- Zawya
Trina Storage achieves Industry-First IEC 61508 Functional Safety Certification with Entire Safety Commitment
Recently, UL Solutions, a leading safety science authority, awarded Trina Storage the energy storage industry's first IEC 61508 Functional Safety Process Certificate – a milestone validated by ANAB (U.S.) and IAF (International Accreditation Forum) multilateral recognition. Dr. Sheng Yun, VP of Trina Storage's Product Research Institute, and Sam Wei, UL Solutions' Global & Strategic Accounts Director for Greater China, attended the certification ceremony. Standard - driven: Redefining Safety Benchmarks As the foundational international standard for functional safety, IEC 61508 regulates the safety requirements for electronic devices throughout the entire process, from design and development to operation and maintenance. IEC 61508 lays the foundation for industry specific standards such as ISO 26262 (automotive) and IEC 61511 (industrial) which have had a profound impact on global industries. By quantifying Safety Integrity Levels, the standard empowers Trina Storage to deploy proactive safeguards against critical risks – from thermal runaway prevention to battery management system (BMS) failure mitigation. Amid growing system complexity, Trina Storage's certification demonstrates unparalleled competency in risk control. Leveraging its vertically integrated R&D and manufacturing capabilities, the company has established a world-class functional safety framework spanning design, production, and operation & maintenance – significantly enhancing product reliability. Authoritative Certification: Powering the Industry Future Dr. Sheng Yun emphasized: "This certification validates our holistic functional safety management system and reflects Trina Storage's engineering excellence. We'll continue advancing safety practices aligned with global leading methodologies and contributing to the development of the industry.' Sam Wei of UL Solutions noted: "The energy storage sector relies on functional safety to maintain safe operating conditions for energy storage, whether through the use of a battery management system, charging station, inverters or other control systems for safe operation. We at UL Solutions are honored Trina Storage turned to us to apply our testing expertise to confirm their mitigation of potential safety risks." As a global leader in energy storage solutions, Trina Storage is always committed to creating extremely safe products and a reliable service. In the future, Trina Storage will continue to collaborate closely with international authoritative institutions such as UL Solutions, leveraging innovation to empower clients with state-of-the-art energy solutions. About Trinasolar (688599. SH) Founded in 1997, Trinasolar Co Ltd (stock symbol: Trinasolar; stock code: 688599) is engaged mainly in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy comprises mainly PV power generation and operations and maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. We are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future. On June 10, 2020, Trinasolar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It was the first PV and energy storage company to go public on the STAR Market providing PV products and systems, as well as smart energy.
Yahoo
6 days ago
- Business
- Yahoo
UL Solutions Inc. (ULS): A Bull Case Theory
We came across a bullish thesis on UL Solutions Inc. (ULS) on Kairos Research's Substack. In this article, we will summarize the bulls' thesis on ULS. UL Solutions Inc. (ULS)'s share was trading at $70.14 as of 10th June. ULS's trailing and forward P/E were 42.25 and 40.98 respectively according to Yahoo Finance. A technician conducting an in-line inspection of a pipeline using specialized tools. UL Solutions operates in the Testing, Inspection, and Certification (TIC) industry with a powerful combination of brand trust, regulatory entrenchment, and global scale. The UL mark, one of the world's most recognized safety certifications, is stamped on billions of products annually and viewed as synonymous with trust. This branding advantage, reinforced by a 99% retention rate among its top 500 customers, is difficult to replicate. UL's regulatory moat is equally compelling—it is embedded in over 1,300 standards committees, contributes to more than 1,700 safety standards via its sister organization UL Standards & Engagement, and participates in mandatory certification processes often linked to building codes and insurance requirements. This ecosystem of standards creation, technical research, and product certification creates a self-reinforcing loop of recurring revenue and technical leadership. The company's growth strategy is three-pronged: organic growth through cross-selling and new industry verticals, inorganic expansion via disciplined M&A in a fragmented market, and long-term EBITDA margin expansion, with a target of 24%. It has acquired 56 companies since 2010, while keeping leverage under control. Financially, UL Solutions is stable and profitable, with ~20% EBITDA margins, high customer stickiness, and 6–7% revenue growth. Yet, valuation remains rich at ~17x EV/EBITDA, a premium to peers. Risks include pricing pressure from global competitors, AI-enabled disruption, and over-reliance on regulatory tailwinds. Furthermore, governance concerns arise from UL Standards & Engagement's dominant ownership, which limits investor influence. While this is a high-quality compounder with structural advantages, its current valuation and ownership dynamics may give some investors pause absent a wider margin of safety. Previously, we covered a standout on Acuren (TIC) from the same author, which framed its NV5 merger as transformative, driving scale, cross-selling synergies, and EBITDA uplift. Kairos's take on UL Solutions (ULS) instead emphasizes structural moats from branding and regulation. Both bets hinge on consolidation and durability, but only UL presents as a pure-play compounding platform. UL Solutions Inc. (ULS) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held ULS at the end of the first quarter which was 36 in the previous quarter. While we acknowledge the risk and potential of ULS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Associated Press
19-06-2025
- Automotive
- Associated Press
UL Solutions Takes Aim at Lithium-Ion Battery Fire Risks with Innovative New Certification Programs for Battery Containment Enclosures and Micromobility Charging Equipment
NORTHBROOK, Ill.--(BUSINESS WIRE)--Jun 18, 2025-- UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced its new testing and certification program for battery containment enclosures, including the battery charging or storage cabinets that are becoming more common on city sidewalks and in apartment buildings to address growing concerns around hazards of lithium-ion batteries for e-bikes. This press release features multimedia. View the full release here: UL Solutions' new battery containment enclosure and micromobility charging equipment certification programs help address growing concerns and incidents around lithium-ion battery safety risks and thermal runaway events. Safety-certified battery containment enclosures are growing in popularity for use with e-bikes and other micromobility products, and are supported by fire departments, including the Fire Department of the City of New York (FDNY), for their ability to contain fire and other hazards associated with thermal runaway. UL Solutions also launched services for micromobility charging equipment that can further help mitigate safety risks. Battery containment enclosures often resemble cabinets and are designed with safety features to contain battery thermal runaway fires and gases. They can be used to store and charge batteries, such as e-bike or power tool batteries, and help protect people around them if a thermal runaway event or battery fire occurs despite following proper battery maintenance and usage instructions from the manufacturer. 'The use of e-bikes is on the rise, and new products enter the market daily that tap the convenience and sustainability of batteries,' said Dr. Robert Slone, senior vice president and chief scientist at UL Solutions. 'Our new battery containment enclosure and micromobility charging equipment engineering evaluation, testing and certification services can help reduce the risks associated with the storage and charging of lithium-ion batteries and devices.' UL Solutions conducts engineering evaluations and tests battery containment enclosures per UL 1487, the Standard for Battery Containment Enclosures, a binational Standard for the United States and Canada. The FDNY Hazmat Command played an integral role in crafting this document. 'It's really important to have third-party experts test and certify battery containment enclosures and micromobility charging equipment to make sure they meet safety standards,' said Chief of Fire Prevention Thomas Currao, FDNY. 'For battery enclosures especially, this kind of testing shows they can contain dangerous situations like thermal runaway, which will help stop fires or explosions from spreading.' These tests evaluate a battery containment enclosure's ability to withstand battery thermal runaway events, including fire, explosion and shrapnel. Thermal runaway occurs when the lithium-ion battery enters an uncontrollable self-heating state that can produce fire, flammable and toxic smoke, and extremely high temperatures while ejecting harmful particulates. 'That kind of protection matters, whether it's in an apartment building, office or industrial space,' Currao added. 'Choosing certified equipment means we're taking smart steps to prevent battery hazards and make our city safer for the public and for our members.' UL Solutions evaluates and tests micromobility charging equipment per UL 4900, the Standard for Micromobility Charging Equipment, which is also a binational Standard for the United States and Canada. This Standard addresses the electric shock and fire risks of the charging infrastructure. About UL Solutions A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. View source version on CONTACT: Media contacts: Tyler Khan UL Solutions [email protected] T: +1 (847) 664.2139Steven Brewster UL Solutions [email protected] T: +1 (847) 664.8425 KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS NEW YORK INDUSTRY KEYWORD: OTHER ENERGY HARDWARE BATTERIES ENERGY LAW ENFORCEMENT/EMERGENCY SERVICES TECHNOLOGY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SCIENCE OTHER TECHNOLOGY OTHER SCIENCE PUBLIC POLICY/GOVERNMENT SOURCE: UL Solutions Inc Copyright Business Wire 2025. PUB: 06/18/2025 07:15 PM/DISC: 06/18/2025 07:16 PM
Business Wire
18-06-2025
- Automotive
- Business Wire
UL Solutions Takes Aim at Lithium-Ion Battery Fire Risks with Innovative New Certification Programs for Battery Containment Enclosures and Micromobility Charging Equipment
NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced its new testing and certification program for battery containment enclosures, including the battery charging or storage cabinets that are becoming more common on city sidewalks and in apartment buildings to address growing concerns around hazards of lithium-ion batteries for e-bikes. Safety-certified battery containment enclosures are growing in popularity for use with e-bikes and other micromobility products, and are supported by fire departments, including the Fire Department of the City of New York (FDNY), for their ability to contain fire and other hazards associated with thermal runaway. UL Solutions also launched services for micromobility charging equipment that can further help mitigate safety risks. Battery containment enclosures often resemble cabinets and are designed with safety features to contain battery thermal runaway fires and gases. They can be used to store and charge batteries, such as e-bike or power tool batteries, and help protect people around them if a thermal runaway event or battery fire occurs despite following proper battery maintenance and usage instructions from the manufacturer. 'The use of e-bikes is on the rise, and new products enter the market daily that tap the convenience and sustainability of batteries,' said Dr. Robert Slone, senior vice president and chief scientist at UL Solutions. 'Our new battery containment enclosure and micromobility charging equipment engineering evaluation, testing and certification services can help reduce the risks associated with the storage and charging of lithium-ion batteries and devices.' UL Solutions conducts engineering evaluations and tests battery containment enclosures per UL 1487, the Standard for Battery Containment Enclosures, a binational Standard for the United States and Canada. The FDNY Hazmat Command played an integral role in crafting this document. 'It's really important to have third-party experts test and certify battery containment enclosures and micromobility charging equipment to make sure they meet safety standards,' said Chief of Fire Prevention Thomas Currao, FDNY. 'For battery enclosures especially, this kind of testing shows they can contain dangerous situations like thermal runaway, which will help stop fires or explosions from spreading.' These tests evaluate a battery containment enclosure's ability to withstand battery thermal runaway events, including fire, explosion and shrapnel. Thermal runaway occurs when the lithium-ion battery enters an uncontrollable self-heating state that can produce fire, flammable and toxic smoke, and extremely high temperatures while ejecting harmful particulates. 'That kind of protection matters, whether it's in an apartment building, office or industrial space,' Currao added. 'Choosing certified equipment means we're taking smart steps to prevent battery hazards and make our city safer for the public and for our members.' UL Solutions evaluates and tests micromobility charging equipment per UL 4900, the Standard for Micromobility Charging Equipment, which is also a binational Standard for the United States and Canada. This Standard addresses the electric shock and fire risks of the charging infrastructure. About UL Solutions A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
