Generac Holdings now has a microinverter to offer solar installers as part of its growing focus on the residential solar + storage segment. The company acquired Chilicon Power, a designer and provider of grid-interactive microinverter and monitoring solutions for the solar market. The acquisition closed on July 2, 2021. Terms of the deal were not disclosed.
Solar installers have preferred microinverters and module-level power electronics (MLPE) the last several years, with 90 percent of the market leaning that way, so this could provide a boost to Generac’s position. Generac says Chilicon’s techology 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. “Generac has a proven track record of developing leading energy solutions, and together with Chilicon, we believe we can replicate this success within the microinverter market.”
“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. “Putting Chilicon’s microinverters in the hands of our global network of Generac dealers and distributors will strengthen our competitive position in this rapidly expanding market.”
“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.
The Chilicon system includes an assortment of microinverter models as well as their Cortex Gateway module and installation materials. Chilicon’s power inversion and monitoring system technologies maximize PV system production, lower installer operational cost, and promote end-user satisfaction. Information on Chilicon Power’s products can be found at Chiliconpower.com.Tags: Chilicon Power, Generac, Microinverters