27.06.2024 14:24:32 - dpa-AFX: Generac Buys SunGrid's PowerPlay Battery Energy Storage Systems Unit; Terms Not Disclosed
WASHINGTON (dpa-AFX) - Generac Power Systems (GNRC), a provider of energy
technology solutions, announced Thursday the acquisition of PowerPlay Battery
Energy Storage Systems, a division of SunGrid Solutions Inc. The terms of the
deal were not disclosed.
PowerPlay specializes in providing turnkey Battery Energy Storage Systems or
BESS solutions tailored for commercial and industrial or C&I projects up to 7
Mwh. Battery energy storage systems enable energy storage in multiple ways for
later use.
Following the acquisition, PowerPlay business will continue its operations in
Cambridge, Canada, and serve as a research and development facility for
Generac's C&I BESS solutions.
SunGrid Solutions will continue its energy storage EPC operations across the
United States and Canada, specializing in solutions ranging from 10 MWh to 1
GWh.
SunGrid CEO Jody Snodgrass, said, 'This acquisition by Generac is a testament to
the innovative spirit and dedication at SunGrid... . This strategic move allows
SunGrid to increase focus on our utility-scale EPC business, driving growth and
innovation.'
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