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Generac Holdings Inc. reports news on its energy technology and power products business, including generators, energy storage systems, energy management devices and outdoor power equipment for residential, commercial, data center, telecom, rental and industrial markets.
Recurring developments include earnings and segment updates for Residential and Commercial & Industrial, product launches such as diesel generators and DR Power outdoor equipment, storm-readiness initiatives tied to backup power, and distributed energy resource collaborations for resiliency, demand response and grid capacity. Company updates also cover investor presentations, manufacturing-industry governance participation, and market demand for home standby, portable and mission-critical power solutions.
Generac Holdings Inc. (NYSE: GNRC), a leader in energy technology solutions, released its 2022 Environmental, Social, and Governance (ESG) report on April 25, 2023. This report outlines Generac's commitment to sustainable, resilient energy solutions, focusing on product sustainability and corporate governance. It highlights the company's achievements since its inaugural ESG report in 2021 and emphasizes community support and transparency. The report includes initial infrastructure for assessing climate change risks in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) and other recognized frameworks such as SASB and the United Nations Sustainable Development Goals (SDGs). For the complete report, visit www.generac.com/esg.
Generac Holdings Inc. (GNRC) announced its plans to release Q1 2023 financial results on May 3, 2023, before the market opens. A conference call will take place at 10:00 a.m. EDT to discuss the earnings highlights. Interested participants can access the conference via a provided link or listen through a telephone dial-in. A replay of the call will be available on the company's website following the live event.
Founded in 1959, Generac is a key player in energy technology, offering backup and prime power systems, solar solutions, smart home devices, and power grid software. The company aims to innovate the clean energy sector.
Generac Power Systems (NYSE: GNRC) announced that ecobee has integrated its smart thermostats with Generac home standby generators, creating a unified home energy management system. This integration allows ecobee thermostat users to monitor their generator's status and receive alerts directly through the thermostat. Customers with ecobee Smart Thermostat Premium and Enhanced models can now view real-time generator status and receive notifications about potential issues.
This new feature enhances the user experience by providing a centralized interface for energy management, supporting homeowners in preparing for power outages. Further integration capabilities will soon be available for all ecobee smart thermostat models released since 2014.
Generac Industrial Power introduced its new SBE series of stationary battery energy storage systems (BESS) aimed at enhancing energy resilience while reducing carbon emissions and energy costs. The systems are available in capacities from 200 kWh to 1,000 kWh and can be paired with existing gas and diesel generators and on-site solar to provide backup during outages. The SBE series enables customers to lower energy expenses by managing peak charges and utilizing Time-of-Use rates from utilities. Additionally, users can monetize their energy storage assets to bolster grid resilience. This launch comes as companies increasingly prioritize balancing carbon reduction with energy savings, highlighting Generac's 60+ years of expertise in energy solutions.
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Generac (NYSE: GNRC) has announced the launch of the DR FB26E Electric Field and Brush Mower, one of the first battery-powered brush mowers in the landscape market. The mower features a high-capacity 2.5kWh removable battery, allowing for up to 90 minutes of mowing on a single charge. It effectively tackles tough terrains, including six-foot-tall weeds and four-foot-tall grass. The mower includes an easy-to-use control panel and a backup battery transport system. This launch reflects the growing demand for battery-powered landscaping equipment, enhancing Generac's product line.
Generac Power Systems (NYSE: GNRC) has launched its first fully portable solar + battery solution, the 100W GS100 Solar Panel. This product is designed to pair with the GB1000 and GB2000 Portable Power Stations, enabling efficient off-grid energy independence. The GS100 can work with up to four panels for a total of 400W charging power and features a tri-fold design that is waterproof and chemical resistant. In addition, Generac introduced Charge Enhancers for its power stations, including 200W and 450W options, which can recharge units up to 50% faster. The GS100 panel is priced at $299, with Charge Enhancers ranging from $99.95 to $139.00.
Generac Power Systems (NYSE: GNRC) announced a strategic minority investment in Rolling Energy Resources (RER), a company specializing in electric vehicle (EV) load management software. This investment, closed on March 3, 2023, aims to enhance EV charging solutions for utilities and consumers, addressing challenges posed by the growing EV demand. Generac’s collaboration with RER will leverage their telematics platform and existing smart EV charger integrations, facilitating effective monitoring and control of EV loads. Generac's executive team will also join RER's board, signaling a commitment to innovative energy solutions amid the expanding EV market.
Generac Power Systems (NYSE: GNRC) has partnered with Independent Electrical Contractors (IEC) to enhance training for electricians. The initiative will train over 3,000 apprentices and field contractors annually in various chapters across Rocky Mountain, Texas Gulf Coast, and Florida West Coast. Generac will provide certified installer training, technical content, and necessary equipment. This collaboration reflects Generac's commitment to fostering skilled tradespeople amidst growing demand for backup power and alternative energy solutions.
Mean Green, a subsidiary of Generac Power Systems (NYSE: GNRC), unveiled the FURY, a compact battery-powered stand-on mower designed for tight spaces. With a mowing width of 32 or 36 inches, it easily navigates narrow gateways and pathways. The FURY boasts an 11kWh battery, offering up to 7 hours of runtime and speeds of up to 9 mph, with a recharge time of approximately 5 hours. Accompanied by a 5-year or 1500-hour commercial battery warranty, this mower aims to cater to landscape professionals. The launch enhances Mean Green's existing lineup, which includes the larger VANQUISH mower.