Generac Power Systems to Further Expand Operations in South Carolina

Rhea-AI Summary

Generac Power Systems (NYSE: GNRC) is significantly expanding its manufacturing and distribution facility in Trenton, South Carolina, with a completion target set for Q3 2022. The expansion will add 200,000 square feet, enhancing the facility's size by nearly 50%. This growth aims to accommodate increasing demand for Generac's home standby generators, driven by aging infrastructure and rising power outages. The investment reflects Generac's commitment to supporting regional distribution capabilities and meeting consumer needs for reliable power solutions.

Positive

• Expansion of the Trenton facility will add 200,000 square feet, increasing capacity by nearly 50%.
• Investment aims to enhance distribution capabilities in the southeastern U.S.
• Growing demand for backup power solutions due to aging infrastructure and extreme weather conditions.

Negative

• None.

TRENTON, S.C., Nov. 1, 2021 /PRNewswire/ -- Generac Power Systems, Inc. (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced that the Company is further expanding its footprint and operations at its manufacturing, assembly, and distribution facility in Trenton, South Carolina. The move will increase the Company's distribution capacity in the southeastern United States.

The expansion, which is expected to be complete by the third quarter of 2022, will add 200,000 square feet to the facility, increasing the current size of the building by nearly 50 percent, and will create additional space for the warehousing of raw materials and storage of finished goods.

"Generac has experienced tremendous growth over the past decade and demand for our products continues to be exceptional as the combination of an aging grid and extreme weather are resulting in more frequent and longer lasting power outages, and that demand has only intensified in the last year and a half with more people needing backup power as they spend much more time at home doing everything from working to learning to shopping," said Aaron Jagdfeld, president and chief executive officer of Generac. "In further expanding our footprint in Trenton, we will be better able to meet the growing demand we are experiencing for Generac's home standby generators and associated energy technologies."

"Since beginning operations in South Carolina, we have quickly seen the positive benefits thanks to our dedicated workforce in Trenton and our strong partnerships with county and state leaders," said Tom Pettit, chief operations officer at Generac. "By further investing in our operations in Edgefield County, we are strengthening our distribution capabilities in the region."

Generac purchased the 421,000-square-foot facility located at 30 Generac Way in February 2021. Operations at the facility began in early July.

For more information about the Trenton site or other Generac news, visit www.generac.com.

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 - a market in which nearly eight of ten generators sold is a Generac. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid.

Contact:  Tami Kou
Tami.Kou@Generac.com 
262-544-4811 Ext. 3950

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SOURCE Generac Power Systems, Inc.

FAQ

What is Generac's expansion plan in South Carolina?

Generac is expanding its facility in Trenton, South Carolina, adding 200,000 square feet to meet increasing demand for power solutions.

When is Generac's facility expansion expected to be completed?

The expansion of Generac's facility is expected to be completed by the third quarter of 2022.

What factors are driving demand for Generac's products?

The demand for Generac's products is driven by an aging power grid and frequent power outages due to extreme weather.

How will the expansion benefit Generac's operations?

The expansion will enhance distribution capabilities and help Generac meet the growing consumer demand for home standby generators.