Wisconsin — Generac announced the acquisition of Chilicon Power, a designer and provider of grid-interactive microinverter and monitoring solutions for the solar market.
The deal further positions Generac as a leader in the residential energy technology market and dramatically increases the Company’s total addressable market opportunity.
California-based Chilicon’s unique approach to power inversion and monitoring technology maximizes PV production, lowers installation costs, and allows for easy integration of a battery or a generator, providing tremendous flexibility for installers and end-users.
“The extensive experience and technological expertise of the Chilicon team will further fuel the continued growth and development of Generac’s expanding Energy Technology solutions,” said Aaron Jagdfeld, President and Chief Executive Officer of Generac.
“Adding Chilicon’s robust microinverter solutions alongside Generac’s current PWRcell® solar and storage product offerings will create one of the broadest product offerings in the residential clean energy market,” said Russ Minick, President of Energy Technology and Chief Marketing Officer at Generac.
“We are thrilled to be joining Generac, which has a like-minded strategy in developing innovative and technologically advanced products for the solar plus storage market,” said Alex Kral, Co-Founder of Chilicon Power.
“As part of the Generac team, we are able to accelerate our vision for a greener, energy-independent future and provide our microinverter solutions to a significantly larger customer base using Generac’s global distribution network and proven go-to-market strategies,” said Christopher Jones, Co-Founder of Chilicon Power.
The acquisition closed on July 2, 2021. Terms of the deal were not disclosed.