Generac Strengthens Microgrid and Energy Storage Solutions with Acquisition of Ageto
Generac Power Systems (NYSE: GNRC) has acquired Ageto, a leading provider of microgrid controllers for the commercial & industrial (C&I) market. The acquisition, closed on August 1, 2024, strengthens Generac's microgrid and energy storage solutions. Ageto's technology seamlessly integrates and manages distributed conventional resources, renewable energy resources, and EV chargers.
Erik Wilde, EVP and president of Domestic C&I at Generac, stated that this acquisition enhances their ability to offer a complete energy technology ecosystem to domestic C&I customers with multi-asset sites. The integration of Ageto's microgrid controller and advanced software into Generac's systems simplifies asset integration, control, and optimization for customers, creating a competitive advantage for Generac.
Generac Power Systems (NYSE: GNRC) ha acquisito Ageto, un fornitore leader di controllori per microreti per il mercato commerciale e industriale (C&I). L'acquisizione, conclusa il 1° agosto 2024, rafforza le soluzioni di microreti e stoccaggio energetico di Generac. La tecnologia di Ageto integra e gestisce senza soluzione di continuità risorse convenzionali distribuite, risorse energetiche rinnovabili e ricaricatori per veicoli elettrici.
Erik Wilde, EVP e presidente del settore C&I domestico di Generac, ha dichiarato che questa acquisizione migliora la loro capacità di offrire un ecosistema tecnologico energetico completo ai clienti C&I domestici con siti a più asset. L'integrazione del controllore della microrete di Ageto e del software avanzato nei sistemi di Generac semplifica l'integrazione, il controllo e l'ottimizzazione degli asset per i clienti, creando un vantaggio competitivo per Generac.
Generac Power Systems (NYSE: GNRC) ha adquirido Ageto, un proveedor líder de controladores de microredes para el mercado comercial e industrial (C&I). La adquisición, cerrada el 1 de agosto de 2024, fortalece las soluciones de microredes y almacenamiento de energía de Generac. La tecnología de Ageto integra y gestiona de manera fluida recursos convencionales distribuidos, recursos energéticos renovables y cargadores para vehículos eléctricos.
Erik Wilde, vicepresidente ejecutivo y presidente del C&I doméstico en Generac, declaró que esta adquisición mejora su capacidad de ofrecer un ecosistema completo de tecnología energética a los clientes domésticos de C&I con sitios de múltiples activos. La integración del controlador de microred de Ageto y del software avanzado en los sistemas de Generac simplifica la integración, el control y la optimización de los activos para los clientes, creando una ventaja competitiva para Generac.
Generac Power Systems (NYSE: GNRC)는 상업 및 산업(C&I) 시장을 위한 마이크로그리드 컨트롤러의 선도 공급업체인 Ageto를 인수했습니다. 2024년 8월 1일에 완료된 이번 인수는 Generac의 마이크로그리드 및 에너지 저장 솔루션을 강화합니다. Ageto의 기술은 분산된 전통 자원, 재생 가능 에너지 자원 및 전기차 충전기를 원활하게 통합하고 관리합니다.
Erik Wilde, Generac의 국내 C&I 부문 EVP 및 사장은 이번 인수가 다중 자산 사이트를 가진 국내 C&I 고객에게 완전한 에너지 기술 생태계를 제공할 수 있는 능력을 강화한다고 밝혔습니다. Ageto의 마이크로그리드 컨트롤러와 고급 소프트웨어의 Generac 시스템 통합은 고객을 위한 자산 통합, 제어 및 최적화를 간소화하여 Generac에 경쟁 우위를 제공합니다.
Generac Power Systems (NYSE: GNRC) a acquis Ageto, un fournisseur leader de contrôleurs de micro-réseaux pour le marché commercial et industriel (C&I). L'acquisition, conclue le 1er août 2024, renforce les solutions de micro-réseaux et de stockage d'énergie de Generac. La technologie d'Ageto intègre et gère de manière transparente des ressources conventionnelles réparties, des sources d'énergie renouvelable et des chargeurs de véhicules électriques.
Erik Wilde, EVP et président du C&I domestique chez Generac, a déclaré que cette acquisition améliore leur capacité à offrir un écosystème technologique énergétique complet aux clients nationaux de C&I ayant des sites multi-actifs. L'intégration du contrôleur de micro-réseau d'Ageto et du logiciel avancé dans les systèmes de Generac simplifie l'intégration, le contrôle et l'optimisation des actifs pour les clients, créant un avantage concurrentiel pour Generac.
Generac Power Systems (NYSE: GNRC) hat Ageto, einen führenden Anbieter von Microgrid-Controllern für den Markt der gewerblichen und industriellen Anwendungen (C&I), übernommen. Die Übernahme, die am 1. August 2024 abgeschlossen wurde, verstärkt Generacs Lösungen für Microgrids und Energiespeicherung. Die Technologie von Ageto integriert und verwaltet nahtlos verteilte konventionelle Ressourcen, erneuerbare Energiequellen und Ladestationen für Elektrofahrzeuge.
Erik Wilde, EVP und Präsident des inländischen C&I bei Generac, erklärte, dass diese Übernahme ihre Fähigkeit verbessert, ihren inländischen C&I-Kunden mit mehreren Vermögenswerten ein komplettes Energietechnologie-Ökosystem anzubieten. Die Integration des Microgrid-Controllers von Ageto und der fortschrittlichen Software in die Systeme von Generac vereinfacht die Integration, Kontrolle und Optimierung für die Kunden und schafft einen Wettbewerbsvorteil für Generac.
- Acquisition strengthens Generac's microgrid and energy storage solutions
- Enhances Generac's ability to offer complete energy technology ecosystem to C&I customers
- Simplifies asset integration, control, and optimization for customers
- Creates a competitive advantage for Generac in the energy technology market
- Provides site-level system integration and control versus hardware only
- None.
The acquisition of Ageto by Generac is a strategic move to strengthen its position in the microgrid and energy storage solutions market. This deal enhances Generac's capabilities in the commercial & industrial (C&I) sector, particularly for multi-asset sites.
Ageto's microgrid controllers offer seamless integration of various energy resources, including conventional, renewable and EV chargers. This technology allows for optimized energy management, which is important for businesses looking to reduce costs and improve sustainability. The integration of Ageto's software with Generac's hardware creates a comprehensive energy ecosystem, potentially giving Generac a significant competitive edge.
While financial terms weren't disclosed, this acquisition likely represents a value-add for Generac shareholders. It expands the company's technological capabilities and market reach, potentially driving future revenue growth in the rapidly evolving energy management sector.
From a financial perspective, this acquisition appears strategically sound for Generac. By integrating Ageto's technology, Generac can potentially increase its market share in the growing microgrid and energy storage solutions market. This move may lead to enhanced revenue streams from more comprehensive offerings to C&I customers.
The lack of disclosed financial terms makes it challenging to assess the immediate impact on Generac's balance sheet. However, given their existing partnership since 2021, Generac likely has a clear understanding of Ageto's value. This acquisition could result in cost synergies and improved operational efficiencies in the long term.
Investors should monitor how quickly Generac can integrate Ageto's technology and translate it into tangible financial benefits. The success of this integration could be a key driver for Generac's future performance in the competitive energy technology sector.
"This acquisition enhances our ability to offer a complete energy technology ecosystem to domestic commercial & industrial customers with multi-asset sites," said Erik Wilde, EVP and president, Domestic C&I at Generac. "By integrating Ageto's industry-leading microgrid controller and advanced software into our systems, we're simplifying asset integration, control and optimization for our customers and creating a competitive advantage for Generac."
Generac has worked with Ageto since 2021, incorporating their microgrid controllers into Generac's Battery Energy Storage Systems (BESS) solutions and generator sets.
Ageto's microgrid controller helps enable users to coordinate, optimize, and monitor all components of their microgrid from one simple interface. Combining Ageto's software solution with Generac's BESS and microgrid multi-asset systems provides site-level system integration and control versus hardware only.
About Generac
Generac Power Systems (NYSE: GNRC) is a leading energy technology company that provides backup and prime power products and energy storage systems for home and business applications, as well as energy monitoring and management devices and services, along with other power products. Founded in 1959, Generac introduced the first affordable backup generator and later created the automatic home standby generator category. The Company has continued to expand its energy technology offerings in its mission to lead the evolution to more resilient, efficient, and sustainable energy solutions.
Media Contact: Jonathan Stern
Jonathan.Stern@Generac.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/generac-strengthens-microgrid-and-energy-storage-solutions-with-acquisition-of-ageto-302213039.html
SOURCE Generac Power Systems, Inc.
FAQ
When did Generac acquire Ageto?
What does Ageto's technology do for Generac (GNRC)?
How will the Ageto acquisition benefit Generac's (GNRC) customers?
What is the strategic importance of the Ageto acquisition for Generac (GNRC)?
