Generac takes aim at microinverter market with Chilicon Power acquisition

Facebook
Twitter
LinkedIn
Reddit
Email
Chilicon Power’s microinverter range will add to Generac’s product line. Image: Chilicon Power.

Generac is to acquire Chilicon Power, a US-based microinverter and solar monitoring solutions provider, in a deal which will see the company take aim at the solar microinverter market.

Terms of the deal, which closed late last week but was only announced on Tuesday (6 July), were not disclosed.

Chilicon, which is based in California, manufactures microinverter and monitoring solutions for the residential solar market. Russ Minick, president of energy technology and chief marketing officer at Generac, said the addition of Chilicon’s microinverter products to his company’s solar and storage range would create “one of the broadest product offerings in the residential clean energy market”.

“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,” he said.

The deal puts Generac, among the US’ leading providers of domestic energy storage products, in direct competition with US-based microinverter provider Enphase Energy.

“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,” Christopher Jones, co-founder at Chilicon Power, said.

Read Next

February 1, 2022
Sunnova Energy and Generac Power Systems are expanding their strategic partnership, with Sunnova now able to offer its customers Generac’s newly updated technology to its current suite of offerings, which will include energy storage units and for the first time, standby home generators, microinverters, and load managers.
September 22, 2021
Generac Power Systems has bolstered its presence in the microinverter segment with the launch of a new product line that it says allows homeowners to take advantage of the full potential output of solar arrays.
July 29, 2021
Power product supplier Generac upgraded its forecast for 2021 after reporting an “exceptional” set of Q2 2021 results, boosted by strong sales growth in its residential and commercial and industrial (C&I) markets.
September 17, 2020
A round-up of the latest news from the US solar market, as Duke Energy unveils what it has described as “next generation net metering” in South Carolina and more details emerge of Sunpower spin-off Maxeon’s top table.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)