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Generac Urges Homeowners to Make a Plan for Winter Power Outages

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Generac Power Systems (NYSE: GNRC) is urging homeowners to prepare for winter power outages amid rising outage rates across the United States. Americans experienced 1.2 billion hours without power in the first nine months of the year. According to NOAA's 2024-2025 Winter Outlook, a developing La Nina is expected to bring above-average precipitation to the Great Lakes and Pacific Northwest, with below-average temperatures from the Pacific Northwest through the Great Plains. The company has released a Cold Weather Preparedness Guide with tips and checklists for homeowners, including identifying warming centers, inspecting heating systems, building emergency kits, creating communication plans, and considering backup power solutions.

Generac Power Systems (NYSE: GNRC) esorta i proprietari di case a prepararsi per le interruzioni di corrente invernali, poiché i tassi di blackout aumentano negli Stati Uniti. Gli americani hanno vissuto 1,2 miliardi di ore senza energia nei primi nove mesi dell'anno. Secondo le previsioni invernali 2024-2025 della NOAA, si prevede che un La Nina in fase di sviluppo porterà precipitazioni superiori alla media nei Grandi Laghi e nel Pacifico Nordoccidentale, con temperature inferiori alla media dal Pacifico Nordoccidentale fino alle Grandi Pianure. L'azienda ha pubblicato una Guida alla Preparazione per il Freddo con consigli e liste di controllo per i proprietari di casa, inclusa l'identificazione di centri di riscaldamento, ispezione dei sistemi di riscaldamento, costruzione di kit di emergenza, creazione di piani di comunicazione e considerazione di soluzioni di energia di riserva.

Generac Power Systems (NYSE: GNRC) está instando a los propietarios de viviendas a prepararse para apagones invernales en medio de un aumento en las tasas de cortes de energía en los Estados Unidos. Los estadounidenses experimentaron 1.2 mil millones de horas sin electricidad en los primeros nueves meses del año. Según el Pronóstico Invernal 2024-2025 de NOAA, se espera que un La Nina en desarrollo traiga precipitaciones superiores a la media a los Grandes Lagos y al Noroeste del Pacífico, con temperaturas inferiores a la media desde el Noroeste del Pacífico hasta las Grandes Llanuras. La empresa ha publicado una Guía de Preparación para el Clima Frío con consejos y listas de verificación para propietarios de viviendas, que incluyen identificar centros de calentamiento, inspeccionar sistemas de calefacción, construir kits de emergencia, crear planes de comunicación y considerar soluciones de energía de respaldo.

Generac Power Systems (NYSE: GNRC)는 미국 전역에서 증가하는 정전율에 대비하여 주택 소유자들에게 겨울철 정전 대비를 촉구하고 있습니다. 미국인들은 올해 첫 아홉 달 동안 12억 시간 이상 전기가 끊겼습니다. NOAA의 2024-2025 겨울 전망에 따르면, 개발 중인 라니냐가 그레이트 레이크스와 태평양 북서부에 평균 이상의 강수량을 가져오고, 태평양 북서부에서 그레이트 플레인까지 평균 이하의 기온이 예상됩니다. 이 회사는 난방 센터 파악, 난방 시스템 점검, 비상 키트 작성, 통신 계획 수립, 백업 전원 솔루션 고려 등을 포함한 주택 소유자를 위한 팁과 체크리스트가 담긴 한겨울 준비 가이드를 발표했습니다.

Generac Power Systems (NYSE: GNRC) encourage les propriétaires à se préparer aux coupures de courant hivernales alors que les taux de coupure augmentent aux États-Unis. Les Américains ont connu 1,2 milliard d'heures sans électricité au cours des neuf premiers mois de l'année. Selon les prévisions hivernales 2024-2025 de la NOAA, un phénomène La Nina en développement devrait apporter des précipitations supérieures à la moyenne dans les Grands Lacs et le Nord-Ouest Pacifique, avec des températures inférieures à la moyenne du Nord-Ouest Pacifique jusqu'aux Grandes Plaines. L'entreprise a publié un Guide de préparation au froid avec des conseils et des listes de contrôle pour les propriétaires, y compris l'identification des centres de chauffage, l'inspection des systèmes de chauffage, la création de kits d'urgence, l'élaboration de plans de communication et la prise en compte des solutions de puissance de secours.

Generac Power Systems (NYSE: GNRC) fordert Hausbesitzer auf, sich auf Stromausfälle im Winter vorzubereiten, da die Stromausfälle in den Vereinigten Staaten zunehmen. Amerikaner erlebten in den ersten neun Monaten des Jahres 1,2 Milliarden Stunden ohne Strom. Laut den Winterprognosen 2024-2025 der NOAA wird erwartet, dass ein sich entwickelndes La Nina überdurchschnittliche Niederschläge in die Großen Seen und den pazifischen Nordwesten bringt, mit unterdurchschnittlichen Temperaturen vom pazifischen Nordwesten bis zu den Großen Ebenen. Das Unternehmen hat einen Leitfaden zur Vorbereitung auf kaltes Wetter mit Tipps und Checklisten für Hausbesitzer veröffentlicht, einschließlich der Identifizierung von Heizzentren, der Inspektion von Heizsystemen, dem Bau von Notfallkits, der Erstellung von Kommunikationsplänen und der Berücksichtigung von Backup-Stromlösungen.

Positive
  • Record-high power outages (1.2 billion hours) create increased market opportunity for Generac's backup power solutions
  • NOAA's winter forecast suggests conditions favorable for backup power demand
Negative
  • None.

Insights

This press release highlights significant market dynamics affecting Generac's business prospects. The record-breaking 1.2 billion hours of power outages in just nine months, combined with NOAA's forecast for extreme winter conditions, signals strong potential demand for Generac's backup power solutions. The La Nina weather pattern's expected impact on temperatures and precipitation across key U.S. regions creates a compelling market opportunity.

The timing of this announcement is strategic, positioning Generac's products as essential home safety investments before peak winter season. While this is primarily a marketing initiative, the underlying market conditions - aging power infrastructure, increasing outage frequency and severe weather predictions - support positive business momentum for Generac's residential segment, which represents a substantial portion of their revenue.

The Company's Cold Weather Preparedness Guide is an Easy Tool for Navigating Winter Outage Planning

WAUKESHA, Wis., Nov. 12, 2024 /PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, is encouraging homeowners across the United States to plan well in advance for winter weather-related power outages, as power outage rates continue to rise across the United States.

According to NOAA's 2024-2025 Winter Outlook, a slow-developing La Nina is expected to impact winter weather conditions across most of the United States. Much of the Great Lakes and Pacific Northwest is expected to receive above-average precipitation, while the Pacific Northwest through the Great Plains are expected to receive below-average temperatures this winter. Both factors can potentially contribute to power outage events, as high precipitation can damage an aging power infrastructure, and cold weather can create greater demand on the electrical grid.

"Americans experienced an all-time high of 1.2 billion hours without power in the first nine months of the year, and we only expect that to continue to rise through the winter," said Kyle Raabe, president of Consumer Power for Generac. "As low temperatures and harsh conditions strain the country's electrical grids, winter power outage preparation has become more important than ever."

Power outages can be especially dangerous during winter weather in most regions of the country for various reasons, so it's critical for homeowners to have an emergency plan. Generac's Cold Weather Preparedness Guide contains an abundance of facts, tips, and checklists to help homeowners understand the potential impacts of winter weather on the power grid and prepare for blackouts.

When planning for a winter power outage, homeowners should take the following steps:

  • Identify your nearest warming centers, when they will open and, if applicable, which ones allow pets.
  • If you use a fireplace or wood stove for heating, be sure to have your chimney or flue inspected annually ahead of cold weather.
  • Build an emergency kit. Generac's Cold Weather Preparedness Guide contains a checklist of essential components.
  • Have relevant family and trusted contact information handy in a wallet or purse. Create a communication plan in case of an outage.
  • Install carbon monoxide alarms on each level of your home and outside separate sleeping areas. Test alarms monthly and replace batteries as needed.
  • Consider investing in a source of backup power, like a portable or home standby generator, to power critical loads during an outage.

From portable generators and home standby generators to solar energy storage systems, Generac offers a variety of energy solutions for every family and every home. To learn more about Generac's complete line of home backup power solutions, contact your local dealer or visit www.generac.com.

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 | (312) 402-7167

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/generac-urges-homeowners-to-make-a-plan-for-winter-power-outages-302302131.html

SOURCE Generac Power Systems, Inc.

FAQ

What is Generac's response to the record 1.2 billion hours of power outages in 2024?

Generac (GNRC) has released a Cold Weather Preparedness Guide and is urging homeowners to prepare for winter outages with steps including identifying warming centers, building emergency kits, and considering backup power solutions.

How might NOAA's 2024-2025 Winter Outlook affect Generac (GNRC) business?

The forecast for above-average precipitation in some regions and below-average temperatures could increase power outage risks and potentially drive demand for Generac's backup power solutions.

What preparedness steps does Generac (GNRC) recommend for winter power outages?

Generac recommends identifying warming centers, annual chimney inspections, building emergency kits, creating communication plans, installing carbon monoxide alarms, and considering backup power solutions like portable or home standby generators.

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