Generac acquires microinverter manufacturer Chilicon Power

Generac has acquired Chilicon Power, a designer and provider of grid-interactive microinverter and monitoring solutions for the solar market. Generac now adds microinverters to its suite of offerings that includes energy storage systems, power optimzers, rapid shutdown devices and energy software.

“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.”

The acquisition closed on July 2, 2021. Terms of the deal were not disclosed.

“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.

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Original Source: https://www.solarpowerworldonline.com/2021/07/generac-acquires-microinverter-manufacturer-chilicon-power/