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Energy · head to head

HOMER Energy vs Novity

HOMER Energy logo

HOMER Energy

Energy

Microgrid and distributed energy optimization software

From
$187.5/month
Rated
-
Full reviewWebsite
Novity logo

Novity

Energy

Hybrid physics and machine learning prognostics that estimate remaining useful life for process equipment

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: HOMER Energy now owned by UL Solutions rather than being independent; Novity novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • They diverge on capability: HOMER Energy covers Microgrid optimization, Novity covers TruPrognostics engine.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which HOMER Energy and Novity actually diverge.

Attributes where HOMER Energy and Novity differ
AttributeHOMER EnergyNovity
Starting price$187.5/monthOn request
Pricing modelsubscriptionquote
PlatformsWindows, WebWeb, Cloud
Founded2009Unknown

Identical on both: free tier (No), user rating (Not yet rated), category (Energy).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in HOMER Energy

  • Microgrid optimization
  • Techno-economic analysis
  • Component library
  • Sensitivity analysis
  • Energy storage sizing
  • Renewable integration
  • Load profile analysis
  • Financial modeling

Only in Novity

  • TruPrognostics engine
  • Cold-start modelling
  • Fault mode diagnosis
  • Remaining useful life
  • Existing sensor reuse
  • Recommended actions
  • Historian connectors
  • Asset class libraries

What people use each for

The jobs each tool is most often brought in to do.

HOMER Energy

  • Sizing and optimising off-grid and microgrid systemsnot Novity
  • Modelling the economics of solar, wind and battery combinationsnot Novity
  • Electric bill optimisation for grid-connected sites and EV chargingnot Novity
  • Utility-scale storage investment analysisnot Novity
  • Comparing least-cost configurations against load and resource datanot Novity

Novity

  • A gas processing plant that needs a defensible time-to-failure number before deferring a turnaroundnot HOMER Energy
  • An LNG terminal with critical compressors and no run-to-failure history to train a conventional modelnot HOMER Energy
  • A wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizonnot HOMER Energy
  • A generator operator supplying data centre load where an unplanned trip carries contractual penaltiesnot HOMER Energy

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

HOMER Energy

  • Now owned by UL Solutions rather than being independent
  • Split into three separate products, HOMER Pro for off-grid and microgrids, HOMER Grid for bill optimisation and HOMER Front for utility-scale, so the right one depends on project type
  • Pricing is not shown on the product pages

Novity

  • Novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • Physics-based models must be configured per equipment class, so each new asset type is an engineering engagement rather than a configuration screen, and rollout speed is limited by Novitys own capacity.
  • Prognostics depend on the quality and sampling rate of your historian data; plants recording ten-minute averages will not get useful remaining-useful-life estimates without new instrumentation.
  • Nothing about pricing is published and there is no self-service entry point, so evaluation always starts with a sales-led pilot on a handful of assets.
  • The deployment footprint is concentrated in oil and gas, LNG and water, so reference customers and pre-built asset models outside those industries are limited.

Pricing, plan by plan

HOMER Energy

$187.5/month
  • Base$187.5/month
    • No modules included; add individually
    • Basic support
    • Software updates
  • Professional$373.5/month
    • Any 4 modules included (Biomass Generation, Run of River Hydro, Advanced Grid, Advanced Load, etc.)
    • Basic support
    • Software updates
  • Expert$568.5/month
    • All modules included: Biomass, Hydro, Hydrogen, Advanced Grid/Load/Storage, Combined Heat & Power, Multi-Year, MATLAB Link
    • Basic support
    • Software updates

Novity

On request
  • TruPrognostics$undefined/year
    • Quoted per asset class and monitored equipment count
    • Model configuration and commissioning quoted as a project
    • Typically an annual subscription tied to a pilot then a rollout

Which should you pick?

Choose HOMER Energy if

  • You need microgrid optimization.
  • You work on Windows, Web.
  • You also want techno-economic analysis.
HOMER Energy review

Choose Novity if

  • You need truprognostics engine.
  • You work on Web, Cloud.
  • You also want cold-start modelling.
Novity review

Questions people ask

Is HOMER Energy or Novity better?
Neither clearly leads. HOMER Energy starts at $187.5/month and Novity at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, HOMER Energy or Novity?
HOMER Energy starts at $187.5/month and Novity at On request.
Does HOMER Energy or Novity run on more platforms?
HOMER Energy runs on Windows, Web. Novity runs on Web, Cloud.
What is HOMER Energy best used for?
HOMER Energy is most often used for sizing and optimising off-grid and microgrid systems, modelling the economics of solar, wind and battery combinations, electric bill optimisation for grid-connected sites and ev charging, utility-scale storage investment analysis. Of those, sizing and optimising off-grid and microgrid systems and modelling the economics of solar, wind and battery combinations are not what Novity is typically brought in for.
What can HOMER Energy do that Novity cannot?
HOMER Energy covers Microgrid optimization, Techno-economic analysis, Component library, Sensitivity analysis. Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life.

Answered from the vendors’ own pages

HOMER Energy: What are the pricing options for HOMER Energy?

HOMER Energy pricing information is not publicly available on their website. Customers must contact the vendor directly to obtain pricing information, trial access, and licensing options.

Source
Novity: What does Novity actually output?

A named failure mode and an estimated remaining useful life with a confidence band, not just an anomaly alert.

HOMER Energy: Does HOMER Energy offer a free trial or demo?

Trial or demo availability cannot be confirmed from publicly accessible pages. Visit the main website or contact HOMER Energy sales directly to inquire about evaluation options.

Source
Novity: Do we need failure history to train it?

No. The physics component is what lets it produce useful prognostics on equipment with little or no run-to-failure data.

Novity: Do we need new sensors?

Often not. It reads from your existing historian, but low sampling rates or missing measurements can require additional instrumentation.

Novity: Who backs the company?

It was spun out of Xerox PARC and took a strategic investment from Acario Innovation, the venture arm of Tokyo Gas, in 2026.

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