Generac Power Systems has acquired a North American energy storage contractor PowerPlay battery energy storage systems, a division of SunGrid Solutions. PowerPlay specializes in providing turnkey, tailor-made BESS solutions for commercial and industrial projects up to 7 MWh.
“This acquisition supports our commitment to offering a more complete ecosystem of products and solutions to domestic commercial and industrial customers, helping them achieve their energy goals with a strong emphasis on resiliency, efficiency and sustainability,” said Aaron Jagdfeld, president and CEO of Generac.
“We are incredibly proud of PowerPlay and the talented team behind its success. This acquisition by Generac is a testament to the innovative spirit and dedication at SunGrid,” said Jody Snodgrass, CEO of SunGrid. “Our commitment to advancing the battery energy storage industry has been instrumental in the development of the PowerPlay product portfolio, and we are pleased that Generac recognizes its value and future success. This strategic move allows SunGrid to increase focus on our utility-scale EPC activities, driving growth and innovation.”
The PowerPlay business will continue operations in Cambridge, Canada, serving as a dedicated research and development facility for Generac’s C&I BESS solutions. SunGrid Solutions will continue its EPC energy storage activities in the United States and Canada, specializing in solutions ranging from 10 MWh to 1 GWh.
The transaction closed on June 26, 2024. Terms of the deal were not disclosed.
News item from Generac
