- Generac Holdings Inc's GNRC Smart Grid Ready capabilities are offered through the Enbala Concerto platform.
- Generac's line of home standby generators, commercial and industrial generators, and PWRcell solar + battery storage systems are being manufactured and offered as Smart Grid Ready.
- The feature allows customers to sell power back to the grid more quickly and offset their energy costs.
- Generac's Smart Grid Ready products become distributed energy resources (DERs), which form virtual power plants (VPPs) – collections of DERs capable of augmenting the grid services provided by traditional power generation.
- Current PWRcell and home standby generator customers can access the Concerto platform through a firmware update.
- Price Action: GNRC shares are trading higher by 1.85% at $426.65 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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