TOWN OF GENESEE â On Tuesday, Generac Holdings Inc. acquired Chilicon Power, LLC , a company that specializes in technology used in the solar market.
Based in California, Chilicon is a designer and provider of grid-interactive microinverter and monitoring solutions for the solar market. According to the announcement, the deal further positions Town of Genesee-based Generac as a leader in the residential energy technology market and dramatically increases its total addressable market opportunity.
Generac is known for its generators and power products.
Chiliconâs approach to power inversion and monitoring technology maximizes PV production, lowers installation costs, and allows for easy integration of a battery or a generator, providing tremendous flexibility for installers and end-users.
Generac takes aim at microinverter market with Chilicon Power acquisition
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Generac acquires California-based solar equipment firm
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(NAPS)âMore Americans suffered extended power outages in 2020 than any year since Superstorm Sandy struck the New York area in 2012, according to Generac, owners of Power Outage Central, a real-time outage tracking service that monitors outages throughout the United States.
âIn 2020, more than one out of three Americans experienced a power outage, and the U.S. power grid suffered more outage hours than it has in years,â said Russ Minick, chief marketing officer for Wisconsin-based Generac. âWith people still working, learning and shopping from home, everyone must prepare earlier for outages that accompany severe weather.â
Outages are statistically much more common than many other threats to the home, according to Generacâs data. In fact, while about 12% of homes are at risk of flooding according to the First Street Foundationâs flood database1, every home is at risk of losing power. Unlike with floods, however, there are multiple ways to safeguard
Pointers On Preparing For Power Outages
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