Generac Holdings Inc., a leading global designer, and manufacturer of energy technology solutions and other power products announced this Wednesday the expansion of its energy storage portfolio after the acquisition of Off Grid Energy.
The acquired company is a designer and manufacturer of industrial-grade mobile energy storage systems. It has its headquarters in Rugby, United Kingdom. It is a leading and true innovator in the energy storage industry. The company offers a diverse range of energy storage solutions. All of which provide cleaner and more flexible energy for industrial and mobile applications.
Off Grid Energy’s products and missions are entirely focused on developing innovative solutions to improve efficiency; also, minimize environmental impacts by reducing fuel consumption and cutting CO2 and NOx emissions. The company has served various industrial sectors such as construction, utility, event, electrical vehicle charging, and behind-the-meter storage markets.
On the other hand, Generac is a leading global designer and manufacturer of a wide range of energy technology solutions. The company’s products go all around the world through a vast network of independent dealers; also, distributors, retailers, e-commerce partners, wholesalers, and equipment rental companies.
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Generac to accelerate growth after acquisition
Consequently, by acquiring Off Grid Energy, the company positions itself at the forefront of an innovative and growing market. About such matter, Aaron Jagdfeld, President and Chief Executive Officer of Generac, said. “Off Grid Energy’s product offerings are an excellent fit for Generac as we continue to play a critical role in bringing more sustainable power solutions to the market.”
He also remarked. “The combination of energy storage systems paired with the advanced technology of our generators being offered through our global distribution network will accelerate our growth into the fast-growing distributed energy and microgrid markets.”
On his side, Paolo Campinoti, Executive Vice President – EMEA, APAC, and South America of Generac, commented. “The technical and engineering expertise of the Off Grid Energy team will greatly assist us in accelerating our product roadmap and establishing a leading position in this growing segment.”
Finally, Danny Jones and Janene Dooler, the founders and Co-Managing Directors of Off-Grid Energy said. “The opportunity to continue developing and innovating our products and technology with the backing of Generac makes us excited and proud to be the newest members of the growing Generac team. We are looking forward to executing our strategic vision and driving growth through our relationships with our valued customers while also helping Generac build a complete and sustainable family of energy storage solutions for the future.”