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 Mobile has launched the new GLT LED light tower, which features enhanced runtimes, integrated fuel containment, and improved serviceability. The GLT offers up to 20% longer runtimes compared to previous models and is designed for both mobile and stationary use. It boasts over 200 hours of runtime, 48 US gallons of fuel capacity, and a 1000-hour service interval. With four 320W LED fixtures, the GLT provides maximum lighting efficiency while consuming less power. It is set to be available for quoting in Q1 2022.
Generac Mobile has launched the MBE30 Energy Storage System, a portable power supply designed to work with diesel generators. This hybrid system reduces fuel consumption, lowers emissions, and operates quietly, meeting nighttime noise restrictions. The MBE30 can store energy for efficient use and automatically activates the generator as needed. Available with lead-acid or Li-Ion battery technology, it will be released in 2022. The product enhances Generac's reputation as an innovator in the energy sector while offering economic benefits and improved performance for users.
Generac Mobile has launched the MLTB, an innovative battery light tower, marking a significant advancement in sustainable lighting solutions. The MLTB, powered by Generac's Green Lithium Battery technology, is the first DOT-certified high-intensity light tower with low noise and zero emissions. It features a 22 kWh lithium-ion battery offering up to 75 hours of runtime, and is designed for various applications including jobsites and entertainment venues. The unit reduces maintenance costs by up to 60% compared to diesel counterparts and will be available for order in Q1 2022.
On Sept. 28, 2021, Generac Power Systems (NYSE: GNRC) announced the release of its inaugural Environmental, Social, and Governance (ESG) report. The report emphasizes sustainability in products and operations, social responsibility, and corporate governance commitments. CEO Aaron Jagdfeld highlighted the internal ESG Steering Committee's role and board-level oversight, aiming to enhance accountability to stakeholders and communities. This inaugural report serves as a baseline for future ESG performance evaluations, framing Generac's commitment to resilient and sustainable energy solutions.
Generac Power Systems (NYSE: GNRC) has introduced the PWRgenerator, a novel DC generator aimed at enhancing energy independence for homeowners. This device complements the PWRcell Battery by enabling rapid recharging and creating a residential nano-grid with solar and battery storage systems. PWRgenerator operates quietly on natural gas or LP and is part of a Smart Grid Ready framework that allows customers to participate in virtual power plant programs. Set for release in early 2022, the PWRgenerator promises efficiency and reliability, especially during outages.
Generac Power Systems (NYSE: GNRC) announced the launch of PWRmanager, a new load management system designed for its PWRcell Energy Storage System. This innovation allows homeowners to manage power distribution during outages by controlling which circuits receive energy. PWRmanager enhances battery runtime and integrates seamlessly with existing systems, requiring no new load panel for installation. Priced competitively, it automates control of numerous circuits and is aimed at improving user comfort during power outages. It will be available for purchase starting Spring 2022.
On September 21, 2021, Generac Power Systems (NYSE: GNRC) announced the launch of PWRmicros, innovative solar microinverters that optimize solar energy output. The lineup includes the PWRmicro 2:1, a dual-module, 720W microinverter, and the PWRmicro 1:1, a single-module unit. These products improve energy efficiency, allowing homeowners to maximize solar production without clipping output. Set for early 2022 availability, PWRmicros aim to simplify installation for solar professionals, establishing Generac's leadership in the solar technology market.
Generac Holdings to Acquire Tank Utility
Generac Holdings Inc. (NYSE: GNRC) has announced the purchase agreement to acquire Tank Utility, a provider of IoT propane tank monitoring solutions. This acquisition aims to enhance Generac’s energy management offerings, leveraging Tank Utility’s advanced monitoring capabilities. With anticipated closing in October 2021, Generac expects this move to bolster its market position and provide added value to its dealers and customers, especially in off-grid applications and backup power solutions.
Generac Holdings Inc. (NYSE: GNRC) announced a virtual webcast for its 2021 Investor Day, scheduled for September 29, 2021. The event will feature President and CEO Aaron Jagdfeld alongside the management team discussing key strategic priorities and growth opportunities. The live presentation begins at 9:30 a.m. EDT and is expected to conclude by 1:30 p.m. EDT. Interested parties can register for the webcast and access presentation slides through Generac's website.
Generac Power Systems and Enchanted Rock announced a 5-year collaboration to develop advanced natural gas generators and control systems. This partnership aims to enhance power resiliency solutions across the U.S., utilizing Generac's technology to support Enchanted Rock's ultra-low emissions Dual Purpose Microgrids. These microgrids provide reliable backup power and assist electric grid operators in adopting renewable energy. The new generator units will be produced in Generac's Oshkosh, Wisconsin facility, ensuring high-quality and efficient power solutions.