Benzinga | Aug 25, 2021 02:48PM EDT

Generac To Offer Smart Grid Ready Capabilities Through Enbala Concerto Platform

* Generac Holdings Inc's (NYSE:GNRC) Smart Grid Ready capabilities are offered through the Enbala Concerto platform.

* Generac's line of home standby generators, commercial and industrial generators, and PWRcell solar + battery storage systems are being manufactured and offered as Smart Grid Ready.

* The feature allows customers to sell power back to the grid more quickly and offset their energy costs.

* Generac's Smart Grid Ready products become distributed energy resources (DERs), which form virtual power plants (VPPs) -- collections of DERs capable of augmenting the grid services provided by traditional power generation.

* Current PWRcell and home standby generator customers can access the Concerto platform through a firmware update.

* Price Action: GNRC shares are trading higher by 1.85% at $426.65 on the last check Wednesday.