We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Generac Holding Inc | NYSE:GNRC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.98 | 1.31% | 153.20 | 153.28 | 150.16 | 150.18 | 590,166 | 20:27:22 |
Generac selected to negotiate its proposal to provide low-income single-family households with solar PV and battery storage
WAUKESHA, Wis., Nov. 7, 2023 /PRNewswire/ -- Generac Power Systems, Inc., (NYSE: GNRC) a leading global designer and manufacturer of energy technology solutions and other power products, announced the company has been selected by the U.S. Department of Energy (DOE) as one of several qualified vendors to enter award negotiations as part of an up to $440 million investment from the Puerto Rico Energy Resilience Fund. This funding will support residential solar and battery storage systems for up to 40,000 vulnerable Puerto Rican households with installations to potentially start in the spring of 2024.
This announcement marks a critical milestone in providing reliable electricity to Puerto Rico's most vulnerable residents and the first round of selections from the 2023 PR-ERF Funding Opportunity Announcement. The project will deploy rooftop solar PV and battery storage systems to the homes of eligible residents to both help increase their energy resilience and decrease their energy burden. Generac and its project partners in Puerto Rico will help provide clean energy to vulnerable low-income households including those in areas where an individual with an energy-dependent disability resides or those located in low-income areas that experience frequent and prolonged power outages. These installations can help improve household energy resilience for thousands of residents. This funding will also support clean energy jobs and help Puerto Rico achieve its renewable energy goals.
"Generac has been a trusted provider of resiliency backup power since 1959 and we are honored to be a part of this important Department of Energy program to provide Puerto Rico's most vulnerable communities with access to our clean energy sources," said Aaron Jagdfeld, president and chief executive officer of Generac. "As the island continues to grapple with extreme weather events and aging energy infrastructure, Generac's solar + battery storage solutions will help keep the power on, while also helping to support job growth within the clean energy sector."
Generac will be working with local partners to support the program, including:
For more information, visit the Grid Deployment Office website.
About Generac
Generac Power Systems, Inc. (NYSE: GNRC) is a leading energy technology company that provides advanced power grid software solutions, backup and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms and engine- and battery-powered tools and equipment. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid.
Media Contact: Stephanie Rodgers
Stephanie.Rodgers@Generac.com
Phone: 262.544.4811 Ext. 4456
View original content to download multimedia:https://www.prnewswire.com/news-releases/us-department-of-energy-announces-generac-power-systems-as-part-of-a-440-million-commitment-to-install-rooftop-solar-and-batteries-in-puerto-ricos-most-vulnerable-communities-301979134.html
SOURCE Generac Power Systems, Inc.
Copyright 2023 PR Newswire
1 Year Generac Chart |
1 Month Generac Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions