- Generac Holdings Inc. GNRC subsidiary Generac Grid Services has secured a multi-year contract from Arizona Public Service (APS) to deliver additional grid capacity from residential battery storage systems.
- The agreement leverages Generac Grid Services' Concerto distributed energy resource management system (DERMS) to provide the requested capacity and advanced grid services (AGS).
- Generac Grid Services will begin to aggregate residential energy from Generac PWRcell batteries over a 5-year term, beginning in January 2023.
- Generac Grid Services will leverage its dealer network to identify and recruit residential customers to participate in the DDSR Aggregation Tariff.
- Price Action: GNRC shares are trading lower by 1.55% at $267.96 on the last check Tuesday.
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