Generac Strengthens Microgrid and Energy Storage Solutions with Acquisition of Ageto.
Generac Power Systems (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, today announced the acquisition of Ageto, a leading provider of microgrid controllers that seamlessly integrate, optimize and manage distributed conventional resources, renewable energy resources and electric vehicle (EV) chargers in the commercial & industrial (C&I) market. The transaction closed on August 1, 2024. Terms of the deal were not disclosed.
Erik Wilde, EVP and president, Domestic C&I at Generac, said:
This acquisition enhances our ability to offer a complete energy technology ecosystem to domestic commercial & industrial customers with multi-asset sites.
“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.
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Generac Strengthens Microgrid and Energy Storage Solutions with Acquisition of Ageto. source
