Generac is a leading energy technology solutions company that provides backup and prime power generation systems for residential and commercial & industrial (C&I) applications, solar + battery storage solutions, energy management devices and controls, advanced power grid software platforms & services, and engine- & battery-powered tools and equipment. As an energy technology solutions provider that is “Powering a Smarter World”, the Company’s purpose is to lead the evolution to more resilient, efficient, and sustainable energy solutions around the world. Generac has a long history of providing power generation products across a variety of applications and maintains a leading position in power equipment markets in North America with an expanding presence internationally. The Company has one of the widest product ranges in the marketplace, including residential, commercial, and industrial standby generators, as well as portable and mobile generators. In recent years, the Company has been evolving its business model to focus on building out residential and C&I ecosystems of energy technology products, solutions, and services. Generac has made significant investments into rapidly growing markets such as residential clean energy storage, solar microinverters, and energy monitoring & management devices, all of which are distributed energy resources (DERs) that can be aggregated into virtual power plants (VPPs) within grid services programs. In addition, a key strategic focus for the Company has been leveraging its leading position in the growing market for cleaner burning natural gas fueled generators to expand into applications beyond standby power. Generac has also made investments in next-generation platforms and controls for both residential and C&I applications that facilitate the connection of our products to the grid as DERs through grid services programs. As the traditional centralized utility model evolves over time, a more decarbonized, digitized, and decentralized grid infrastructure is expected to build-out, and the Company’s energy technology solutions are uniquely and strategically positioned to participate in this next-generation grid referred to as "Grid 2.0". Generac’s solutions are available globally through an extensive network of independent dealers, distributors, retailers, ecommerce partners, wholesalers, and equipment rental companies, as well as sold direct to certain national and regional account customers and to individual consumers.
Generac Holdings ()
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