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▶ 11:20 · Electric Vehicles · Electric Vehicles · Energy & Power Generation · Energy & Power Generation · Electric Vehicles · Lithium-ion battery safety standards reduce e-bike deaths in NYC
episode briefing
In Good Company with Nicolai Tangen

Jennifer Scanlon - CEO of UL Solutions | Podcast | In Good Company

2025-03-19 · 4 company · 21 thematic
sentiment
4 bull0 bear0 neu
speakers
nicolai tangen

Nicolai Tangen is the CEO of Norges Bank Investment Management, which manages the Norwegian Sovereign Wealth Fund, one of the world's largest sovereign wealth funds. He hosts the podcast 'In Good Company' where he interviews leaders across various fields.

jennifer scanlon

CEO of UL Solutions since 2019, led the company through rebranding from UL Inc. and its 2022 IPO. Previously CEO of USG Corporation. Background in manufacturing and industrial operations.

now playing · Electric Vehicles · Electric Vehicles · Energy & Power Generation · Energy & Power Generation · Electric Vehicles
Testing & Certification Servicestailwindscore 8/10jennifer scanlon
Third-party testing market growing on regulatory tailwinds, consumer awareness, and technology convergence
The testing and certification industry benefits from expanding third-party testing requirements (especially in the US), rising consumer safety awareness, and second-order safety effects fro…
AI Safety & Alignmenttailwindscore 8/10jennifer scanlon
UL Solutions building AI verification for PCs, servers and functional safety
As AI embeds into products from toys to industrial controls, UL Solutions is developing verification marks and convening standards groups to test algorithmic safety, data validity, and seco…
Cybersecuritytailwindscore 7/10jennifer scanlon
FCC cyber trust mark creates new consumer IoT safety certification market
The FCC named UL Solutions as lead administrator of the US cyber trust mark, creating a version-one product cybersecurity certification that consumers currently lack — baby monitors and con…
Cybersecuritytailwindscore 7/10jennifer scanlon
UL Solutions named lead administrator for US Cyber Trust Mark for consumer IoT security
The FCC selected UL Solutions as lead administrator for the US Cyber Trust Mark, a new certification program addressing consumer demand for verified cybersecurity in connected devices like…
Electric Vehiclestailwindscore 8/10jennifer scanlon
Lithium-ion battery safety standards reduce e-bike deaths in NYC, driving mandated testing demand
UL Solutions worked with New York City to turn lithium-ion battery safety standards into law after over a dozen deaths from e-bike fires; recent data shows deaths reduced significantly, dem…
Electric Vehiclestailwindscore 7/10jennifer scanlon
Lithium-ion battery safety standards reduce e-bike deaths in NYC
Electrification of everything creates significant battery safety risks — NYC saw over a dozen deaths from lithium-ion e-bike fires — but UL standards on battery enclosures and connectors, a…
Energy & Power Generationtailwindscore 7/10jennifer scanlon
Lithium-ion battery safety standards reducing e-bike fires and deaths in New York City
UL Solutions developed battery enclosure and connector standards adopted into NYC law after dozens of e-bike fire deaths, with early data showing significant fatality reductions, demonstrat…
Energy & Power Generationtailwindscore 7/10jennifer scanlon
Lithium-ion battery regulation reduces deaths, validating testing business model
New York City law mandating UL standards for e-bike lithium-ion batteries has significantly reduced fire deaths, demonstrating how regulation drives mandatory third-party testing and create…
Electric Vehiclestailwindscore 7/10jennifer scanlon
Lithium-ion battery safety standards reduce e-bike deaths in NYC
Lithium-ion battery fires from e-bikes caused over a dozen deaths in New York City, which UL Solutions helped prevent by working with the city to turn UL battery enclosure and connector sta…
Tech Regulation & Antitrusttailwindscore 7/10jennifer scanlon
Global tariff shifts and regulatory fragmentation drive retesting demand as manufacturers reshore and redesign supply chains
Tariff-driven supply chain changes (raw materials, suppliers, factory locations) force manufacturers to retest products to new standards; UL Solutions helps customers navigate 110 markets'…
Testing & Certification Servicestailwindscore 7/10jennifer scanlon
Global tariff shifts drive retesting demand as manufacturers reshore and re-engineer supply chains
Ongoing tariff changes force manufacturers to alter raw materials, suppliers, factory locations, and product designs, each change requiring retesting to new standards, creating a recurring…
Enterprise Softwaretailwindscore 7/10jennifer scanlon
Software reaches 10% of revenue with high-margin data analytics for retailers and manufacturers
UL Solutions' software-as-a-service revenue has grown to nearly 10% of total, driven by chemical regulatory compliance tools and derivative data uses for sustainability reporting, scope 3 t…
Data Center Infrastructuretailwindscore 7/10jennifer scanlon
Digital twins and AI simulation accelerating product safety testing cycles
UL Solutions is applying AI to predict long-term material degradation (e.g., plastics in thermal aging ovens) and partnering with industrial metaverse leaders to use digital twins for faste…
AI Safety & Alignmenttailwindscore 8/10jennifer scanlon
UL Solutions launching AI verified marks and convening standards groups for AI PCs and servers
As AI embeds into consumer and industrial products, UL Solutions is developing verified marks for AI PCs/servers and working with customers to establish safety standards and advocate for se…
AI Safety & Alignmenttailwindscore 7/10jennifer scanlon
UL launches verified mark for AI PCs and servers, convening industry groups to shape emerging AI safety standards
UL Solutions introduced a verified mark for AI PCs and servers with 10 testing categories, and is convening customer working groups with AI scientists to define safety requirements ahead of…
Enterprise AI Adoptiontailwindscore 7/10jennifer scanlon
AI embedded in products creates new safety testing category and standards gap
As AI gets embedded in everything from children's toys to industrial controls and vehicles, there are no existing standards or regulations for AI functional safety. UL Solutions launched a…
AI Infrastructuretailwindscore 7/10jennifer scanlon
AI embedded in products creates new safety testing category
AI is being embedded in everything from children's toys to industrial controls and complex vehicles, creating second-order functional safety risks that require new validation frameworks — U…
AI Safety & Alignmenttailwindscore 7/10jennifer scanlon
UL Solutions launches verified mark for AI PCs and servers
UL Solutions is developing verification standards for AI-enabled products, convening customer groups to define safety categories for AI PCs and servers as regulations lag technology.
AI Infrastructuretailwindscore 7/10jennifer scanlon
Digital twins and AI accelerate product safety testing
UL Solutions is applying AI and digital twin simulation to replace long-duration physical tests (e.g., 18-month thermal aging of plastics) with faster data-driven conclusions, while partner…
Advanced Manufacturingtailwindscore 7/10jennifer scanlon
Digital twins and AI simulation accelerating product testing cycles, but physical testing remains for high-risk applications
UL Solutions is applying AI to predict long-term material degradation (e.g., plastics in thermal aging ovens) to reduce 12-18 month test cycles, while acknowledging digital twins will gradu…
Data Center Infrastructuremixedscore 6/10jennifer scanlon
Digital twins may replace physical testing long-term, creating software transition risk and opportunity
Simulation and digital twin technology could gradually replace physical safety testing in lower-risk applications, pressuring traditional lab revenue but expanding UL's high-margin software…