Markets GNRC

Generac Power Systems Acquires Ageto - Quick Facts

(RTTNews) - Generac Power Systems (GNRC) announced the acquisition of Ageto, a provider of microgrid controllers that seamlessly integrate, optimize and manage distributed conventional resources, renewable energy resources and electric vehicle chargers in the commercial & industrial market. The transaction closed on August 1, 2024.

Erik Wilde, EVP and president, Domestic C&I at Generac, said: "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 solutions and generator sets.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available