🔒 Generac navigating growing pains as company moves into a clean energy future

Technology, By Offering, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" - https://www.reportlinker.com/p06222248/?utm_source=GNW
Thus, consumers will be able to optimize their renewable energy use. The HEMS and environmental sensors will provide data to the servers. The cost of energy can then be regulated by combining renewable and fossil fuel energy sources. Different servers and types of EMS will be networked as the use of smart grid grows. Power system operations will be further optimized as they are able to work together. This kind of interconnection is known as a smart network. Factors such as rapidly pervasive urbanization in developing countries, increased supply of connected devices through IoT, and increasing demand for power conservation solutions can expedite the growth of global home energy management devices in the forecasting period. COVID-19 Impact
The global home energy management system market went under a significant loss during the COVID-19 pandemic. Due to the government guidelines of closing of all the industries across the world to prevent COVID spread, production of all home energy management systems was stagnated. Along with this, the disruption in the supply-chain activities of electronic products and other required materials become another major reason for the halted production of home energy management systems. Moreover, there are various factors that indirectly impacted the home energy management system market such as reduced capital budgets and postponed projects. However, economies across the globe are slowly recovering from the COVID-19 impact and may witness a rise in the demand for home energy management devices again. But, the fact that the pandemic slammed the home energy devices market across the world cannot be reversed. Market Growth Factors
Ever-increasing power consumption in the residential sector
The power consumption in the residential sector which includes power used for lighting, heating, cooling, water heating, and consumer products, is constantly increasing. In addition, the power consumption of the residential sector is at its peak especially in developed countries. With the emergence of new consumer convenience technologies that require a huge amount of power, the need for an energy-efficient and cost-effective solution is also rising. Energy conservation initiatives
The continuously increasing initiatives being conducted by the government and Non-government organizations in numerous countries with the purpose to conserve power and restricting the wastage of energy are crucial factors in spreading awareness for saving and better managing energy. Due to the rising awareness of energy conservation, people around the world are more attentive toward leveraging the methods to save energy. Market Restraining Factors
Interoperability of home energy management systems
The issue of interoperability gets more serious due to the need of establishing a connection between traditional building equipment such as electric meters, roof-top chillers, and lighting control panels with advanced over the top instruments like sensors and switches in the electric power system to drive up the synchrony of energy flow and concurrent information and analysis flow. Setting up interoperability between smart homes and today’s EMS is a challenging task. Moreover, the interoperability of traditional home systems and advanced home energy management systems hampers the smooth functioning of different devices. Product Type Outlook
Based on Product Type, the market is segmented into Lighting Controls, Programmable Communicating Thermostats, Advanced Central Controllers, Intelligent HVAC Controllers, and Self-Monitoring Systems and Services. The programmable communicating thermostats are easy-to-interact devices that can be operated wirelessly through the connected device. The programmable communicating thermostats connect with the utility through a meter over a wide-area network. Technology Outlook
Based on Technology, the market is segmented into Ethernet, Z-Wave, ZigBee, Wi-Fi, and Other technologies. ZigBee is a wireless, cost-effective, and low-power mesh networking standard which is highly used to monitor the consumption of the energy in the premises. The cost-saving feature of this technology allows the user to use technology in wireless monitoring and control application without disruptions. Offerings Outlook
Based on Offering, the market is segmented into Software, Services, and Hardware. The software segment of the system is the major component that enables the user to monitor and control the home energy consumption and devices. It can be operated through apps and dedicated web portals. The key offerings of this segment are managing, monitoring, backup, and solar power. Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. APAC would exhibit a significant growth rate in the market throughout the forecast period. The ongoing technological developments in the region can be responsible for the rise in the demand of the home energy management solutions. The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Google, Inc. the major forerunners in the Home Energy Management Market. Companies such as Schneider electric S.E., Generac Holdings, Inc., Alarm.com Holdings, Inc. are some of the key innovators in the Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, General Electric (GE) Co., Intel Corporation, Honeywell International, Inc., Panasonic Corporation, Google LLC, Comcast Corporation, Vivint Smart Home, Inc., Alarm.com Holdings, Inc., and Generac Holdings, Inc. Recent Strategies Deployed in Home Energy Management Market
Partnerships, Collaborations, and Agreements:
Jul-2021: Vivint partnered with Freedom Forever, a residential solar installation company, following this partnership, the companies would launch a portfolio of integrated Smart Energy. Through this partnership, the customers of Freedom Forever would have a Vivint smart home system perfectly installed as the first step in the solar installation process, and they have an opportunity of adding clean energy production. In addition, the company would also focus on enhancing its relations with homeowners by integrating solar in its portfolio. May-2021: Ecobee, a subsidiary of Generac Holdings came into a partnership with Alarm.com, a developer of Security and Smart Home Solutions. The partnership aimed to allow Alarm.com’s customers to integrate Ecobee thermostats into the smart home and security solutions of Alarm.com. In addition, the integration would allow the customers to control Ecobee thermostats through Alarm.com’s platform. The new solution would be focused on reducing costs, and helping develop a sustainable world. Mar-2021: Schneider Electric partnered with Workbench Energy, an artificial intelligence, machine learning, software, and consulting services provider. Through this partnership, the companies aimed to bring Energy Management Solutions to large-scale electrical users in Ontario. Together, the companies give abilities to the customers to manage and monitor the energy consumption during the peak time and significantly decrease their exposure to Ontario’s Global Adjustment (GA). In addition, this partnership would allow gathering data from connected devices and assists customers in making well-informed decisions regarding their energy patterns and behaviors. Mar-2021: Ecobee, a subsidiary of Generac Holding partnered with Parity, a developer of core blockchain infrastructure. Under this partnership, the companies would combine Ecobee’s smart thermostats into Parity’s software allowing it to connect with the HVAC system of the building to increase energy efficiency. Moreover, the integration would enable the solution to monitor and optimize the operating system of the building to conserve energy as well as save cost. Oct-2020: Schneider formed a technological and commercial partnership with SolarEdge, a provider of power optimizer, solar inverter, and monitoring systems for photovoltaic arrays, based in Israel. Through the partnership, the company aimed to expedite the residential solar market with a smart Home energy solution to offer impeccable energy management to homeowners in North America. In addition, the companies would fulfill the demands of their customers along with focusing on the sustainable and all-electric new energy world. Jun-2020: Panasonic came into a partnership with Span, a developer of a residential energy storage device base in the US. Through this partnership, the companies aimed to introduce a combined energy storage and management portfolio for homeowners to experience enhanced control of their battery backup power with instinctive energy management for the entire home. Under this partnership, the companies would fulfill the demand of their customers for better energy management solutions by providing this integrated solution to both the homeowners as well as the installers. In addition, the smart panel would be available as a complementary to the existing solar system or in a combination for new solar installation. Acquisitions and Mergers:
Dec-2021: Generac completed the acquisition of ecobee, a leading vendor of sustainable smart home solutions. Through this acquisition, Generac would expand its portfolio of intelligent home energy ecosystems by leveraging the energy management products of ecobee. Through this, the company aimed to assist homeowners to reduce the expenses of their energy consumption and help grid operators to balance demand and supply more affordably. Sep-2021: Generac took over Tank Utility, a company that streamlines energy delivery for those that rely on truck-delivered propane or oil. Through this acquisition, the companies aimed to integrate Tank Utility’s monitoring and analytics expertise into Generac’s propane-powered backup generators, home energy management, and battery storage portfolio intending to facilitate vendors enhancing their performance as total home energy advisors for homeowners and to keep up with customer’s evolving requirements for off-grid and backup capabilities. Product Launches and Product Expansions:
Sep-2021: Generac rolled out PWRmanager, a device that enables the customer to utilize their phone or tablet to easily operate circuits in their home. The new product aimed to allow customers to seamlessly experience extended battery runtime over long powercuts by de-energizing non-essential circuits. Mar-2021: Alarm.com launched the Alarm.com Connected Car system, a plug-in that connects cars with smart homes. Through this, the company would offer customers, a seamless experience of monitoring the status and real-time location of their car through their home automation system. In addition, customers would also be able to operate a few smart home functions through the connected car. Jan-2021: Schneider Electric launched enhancements in its Wiser smart home ecosystem at CES 2021 that focuses beyond smart to resilient and sustainable homes. Through the addition of sustainable energy products in its existing product offerings, the company aimed to enhance its proficiency, resilience, and sustainability. Moreover, the new enhancements would offer better safety and control while delivering sustainable energy management choices to homeowners. Mar-2020: Generac unveiled PWRview ATS, the first-ever automatic transfer switch with Home Energy Monitoring Capabilities. The new PWRview ATS provides any home which is integrated with a home standby generator to instantly access robust and cost-effective insights regarding the energy consumption of a home. Moreover, it is an effective solution for energy conservation. Feb-2020: Honeywell rolled out Honeywell Forge Energy Optimization, a cloud-based, closed-loop, machine learning solution. This new autoThe launch aimed to offer its first autonomous building sustainability solution that monitors and controls power usage of a building intending to regulate energy conservation across the globe. Moreover, the new product would focus on optimizing energy consumption along with meeting the customer’s requirements. Jan-2020: Schneider rolled out Square D Connected Home Suite in North America. The new product line includes devices and applications to consolidate connected homes, appliances, and energy management into an instinctive digital experience for homeowners. Moreover, the company also showcased a new range of dimmers, switches, plugs, receptacles, and sensors which would be launched in markets across the US, Mexico, and Canada in 2020. The company aimed to fulfill the demands of its customers for digital tools to enhance their daily experiences. Scope of the Study

Global Home Energy Management Market By Product Type, By Technology, By Offering, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027

By
Reading Time: 7 minutes
The Global Home Energy Management Market size is expected to reach $7,157. 36 million by 2027, rising at a market growth of 19. 70% CAGR during the forecast period. The cornerstone for future technology is a communications system made up of home servers and utility-owned system complicated servers. New York, Jan. 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Home Energy Management Market By Product Type, By Technology, By Offering, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06222248/?utm_source=GNW
Thus, consumers will be able to optimize their renewable energy use. The HEMS and environmental sensors will provide data to the servers. The cost of energy can then be regulated by combining renewable and fossil fuel energy sources. Different servers and types of EMS will be networked as the use of smart grid grows. Power system operations will be further optimized as they are able to work together. This kind of interconnection is known as a smart network. Factors such as rapidly pervasive urbanization in developing countries, increased supply of connected devices through IoT, and increasing demand for power conservation solutions can expedite the growth of global home energy management devices in the forecasting period. COVID-19 Impact
The global home energy management system market went under a significant loss during the COVID-19 pandemic. Due to the government guidelines of closing of all the industries across the world to prevent COVID spread, production of all home energy management systems was stagnated. Along with this, the disruption in the supply-chain activities of electronic products and other required materials become another major reason for the halted production of home energy management systems. Moreover, there are various factors that indirectly impacted the home energy management system market such as reduced capital budgets and postponed projects. However, economies across the globe are slowly recovering from the COVID-19 impact and may witness a rise in the demand for home energy management devices again. But, the fact that the pandemic slammed the home energy devices market across the world cannot be reversed. Market Growth Factors
Ever-increasing power consumption in the residential sector
The power consumption in the residential sector which includes power used for lighting, heating, cooling, water heating, and consumer products, is constantly increasing. In addition, the power consumption of the residential sector is at its peak especially in developed countries. With the emergence of new consumer convenience technologies that require a huge amount of power, the need for an energy-efficient and cost-effective solution is also rising. Energy conservation initiatives
The continuously increasing initiatives being conducted by the government and Non-government organizations in numerous countries with the purpose to conserve power and restricting the wastage of energy are crucial factors in spreading awareness for saving and better managing energy. Due to the rising awareness of energy conservation, people around the world are more attentive toward leveraging the methods to save energy. Market Restraining Factors
Interoperability of home energy management systems
The issue of interoperability gets more serious due to the need of establishing a connection between traditional building equipment such as electric meters, roof-top chillers, and lighting control panels with advanced over the top instruments like sensors and switches in the electric power system to drive up the synchrony of energy flow and concurrent information and analysis flow. Setting up interoperability between smart homes and today’s EMS is a challenging task. Moreover, the interoperability of traditional home systems and advanced home energy management systems hampers the smooth functioning of different devices. Product Type Outlook
Based on Product Type, the market is segmented into Lighting Controls, Programmable Communicating Thermostats, Advanced Central Controllers, Intelligent HVAC Controllers, and Self-Monitoring Systems and Services. The programmable communicating thermostats are easy-to-interact devices that can be operated wirelessly through the connected device. The programmable communicating thermostats connect with the utility through a meter over a wide-area network. Technology Outlook
Based on Technology, the market is segmented into Ethernet, Z-Wave, ZigBee, Wi-Fi, and Other technologies. ZigBee is a wireless, cost-effective, and low-power mesh networking standard which is highly used to monitor the consumption of the energy in the premises. The cost-saving feature of this technology allows the user to use technology in wireless monitoring and control application without disruptions. Offerings Outlook
Based on Offering, the market is segmented into Software, Services, and Hardware. The software segment of the system is the major component that enables the user to monitor and control the home energy consumption and devices. It can be operated through apps and dedicated web portals. The key offerings of this segment are managing, monitoring, backup, and solar power. Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. APAC would exhibit a significant growth rate in the market throughout the forecast period. The ongoing technological developments in the region can be responsible for the rise in the demand of the home energy management solutions. The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Google, Inc. the major forerunners in the Home Energy Management Market. Companies such as Schneider electric S.E., Generac Holdings, Inc., Alarm.com Holdings, Inc. are some of the key innovators in the Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, General Electric (GE) Co., Intel Corporation, Honeywell International, Inc., Panasonic Corporation, Google LLC, Comcast Corporation, Vivint Smart Home, Inc., Alarm.com Holdings, Inc., and Generac Holdings, Inc. Recent Strategies Deployed in Home Energy Management Market
Partnerships, Collaborations, and Agreements:
Jul-2021: Vivint partnered with Freedom Forever, a residential solar installation company, following this partnership, the companies would launch a portfolio of integrated Smart Energy. Through this partnership, the customers of Freedom Forever would have a Vivint smart home system perfectly installed as the first step in the solar installation process, and they have an opportunity of adding clean energy production. In addition, the company would also focus on enhancing its relations with homeowners by integrating solar in its portfolio. May-2021: Ecobee, a subsidiary of Generac Holdings came into a partnership with Alarm.com, a developer of Security and Smart Home Solutions. The partnership aimed to allow Alarm.com’s customers to integrate Ecobee thermostats into the smart home and security solutions of Alarm.com. In addition, the integration would allow the customers to control Ecobee thermostats through Alarm.com’s platform. The new solution would be focused on reducing costs, and helping develop a sustainable world. Mar-2021: Schneider Electric partnered with Workbench Energy, an artificial intelligence, machine learning, software, and consulting services provider. Through this partnership, the companies aimed to bring Energy Management Solutions to large-scale electrical users in Ontario. Together, the companies give abilities to the customers to manage and monitor the energy consumption during the peak time and significantly decrease their exposure to Ontario’s Global Adjustment (GA). In addition, this partnership would allow gathering data from connected devices and assists customers in making well-informed decisions regarding their energy patterns and behaviors. Mar-2021: Ecobee, a subsidiary of Generac Holding partnered with Parity, a developer of core blockchain infrastructure. Under this partnership, the companies would combine Ecobee’s smart thermostats into Parity’s software allowing it to connect with the HVAC system of the building to increase energy efficiency. Moreover, the integration would enable the solution to monitor and optimize the operating system of the building to conserve energy as well as save cost. Oct-2020: Schneider formed a technological and commercial partnership with SolarEdge, a provider of power optimizer, solar inverter, and monitoring systems for photovoltaic arrays, based in Israel. Through the partnership, the company aimed to expedite the residential solar market with a smart Home energy solution to offer impeccable energy management to homeowners in North America. In addition, the companies would fulfill the demands of their customers along with focusing on the sustainable and all-electric new energy world. Jun-2020: Panasonic came into a partnership with Span, a developer of a residential energy storage device base in the US. Through this partnership, the companies aimed to introduce a combined energy storage and management portfolio for homeowners to experience enhanced control of their battery backup power with instinctive energy management for the entire home. Under this partnership, the companies would fulfill the demand of their customers for better energy management solutions by providing this integrated solution to both the homeowners as well as the installers. In addition, the smart panel would be available as a complementary to the existing solar system or in a combination for new solar installation. Acquisitions and Mergers:
Dec-2021: Generac completed the acquisition of ecobee, a leading vendor of sustainable smart home solutions. Through this acquisition, Generac would expand its portfolio of intelligent home energy ecosystems by leveraging the energy management products of ecobee. Through this, the company aimed to assist homeowners to reduce the expenses of their energy consumption and help grid operators to balance demand and supply more affordably. Sep-2021: Generac took over Tank Utility, a company that streamlines energy delivery for those that rely on truck-delivered propane or oil. Through this acquisition, the companies aimed to integrate Tank Utility’s monitoring and analytics expertise into Generac’s propane-powered backup generators, home energy management, and battery storage portfolio intending to facilitate vendors enhancing their performance as total home energy advisors for homeowners and to keep up with customer’s evolving requirements for off-grid and backup capabilities. Product Launches and Product Expansions:
Sep-2021: Generac rolled out PWRmanager, a device that enables the customer to utilize their phone or tablet to easily operate circuits in their home. The new product aimed to allow customers to seamlessly experience extended battery runtime over long powercuts by de-energizing non-essential circuits. Mar-2021: Alarm.com launched the Alarm.com Connected Car system, a plug-in that connects cars with smart homes. Through this, the company would offer customers, a seamless experience of monitoring the status and real-time location of their car through their home automation system. In addition, customers would also be able to operate a few smart home functions through the connected car. Jan-2021: Schneider Electric launched enhancements in its Wiser smart home ecosystem at CES 2021 that focuses beyond smart to resilient and sustainable homes. Through the addition of sustainable energy products in its existing product offerings, the company aimed to enhance its proficiency, resilience, and sustainability. Moreover, the new enhancements would offer better safety and control while delivering sustainable energy management choices to homeowners. Mar-2020: Generac unveiled PWRview ATS, the first-ever automatic transfer switch with Home Energy Monitoring Capabilities. The new PWRview ATS provides any home which is integrated with a home standby generator to instantly access robust and cost-effective insights regarding the energy consumption of a home. Moreover, it is an effective solution for energy conservation. Feb-2020: Honeywell rolled out Honeywell Forge Energy Optimization, a cloud-based, closed-loop, machine learning solution. This new autoThe launch aimed to offer its first autonomous building sustainability solution that monitors and controls power usage of a building intending to regulate energy conservation across the globe. Moreover, the new product would focus on optimizing energy consumption along with meeting the customer’s requirements. Jan-2020: Schneider rolled out Square D Connected Home Suite in North America. The new product line includes devices and applications to consolidate connected homes, appliances, and energy management into an instinctive digital experience for homeowners. Moreover, the company also showcased a new range of dimmers, switches, plugs, receptacles, and sensors which would be launched in markets across the US, Mexico, and Canada in 2020. The company aimed to fulfill the demands of its customers for digital tools to enhance their daily experiences. Scope of the Study

Global Home Energy Management Market By Product Type, By Technology, By Offering, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027

Generac was an early minority investor in Tank Utility, which provides IoT propane tank monitoring to optimize propane fuel logistics. Sep 21st, 2021
Generac
WAUKESHA, WI — Generac Holdings Inc., a global designer and manufacturer of energy technology solutions and other power products, announced Sept. 20 the signing of a purchase agreement to acquire the shares of Tank Utility, Inc., a provider of IoT propane tank monitoring that enables the optimization of propane fuel logistics. The deal further expands Generac’s connectivity functionality and services with sophisticated remote monitoring capabilities for propane. “As an early minority investor in the company for the last five years, Generac has been impressed by the growth of the Tank Utility business,” said Kyle Raabe, executive vice president and president of Generac’s Consumer Power products. “Their solution has been able to help propane suppliers increase efficiency and reduce their emissions, and we believe that the Tank Utility monitoring platform can provide even further value to our dealers and peace of mind to our home standby generator owners.”
Both generator and fuel dealers are seeing increased demand for various power products to support consumers’ off-grid power needs and to protect from grid instability. Generac’s propane-powered backup generators, battery storage, and home energy management offerings paired with Tank Utility’s monitoring and analytics help dealers expand their expertise as total home energy advisors for homeowners and adapt to changing consumer demands for off-grid and backup capabilities. “We are thrilled to be joining the Generac team and to have this opportunity to leverage Generac’s extensive footprint to broaden Tank Utility’s presence in the global marketplace,” said Amos Epstein, chief executive officer and co-founder, Tank Utility. “With our deep experience in designing, building and delivering data-driven IoT products across energy markets, we look forward to driving growth and building upon Generac’s existing connectivity strategies.”
The acquisition is expected to close in October 2021. Union Square Advisors LLC served as exclusive financial advisor to Tank Utility in connection with the transaction. Generac Power Systems is an energy technology company that provides advanced power grid software solutions, backup and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms and engine- and battery-powered tools and equipment. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator - a market in which nearly eight of ten generators sold is a Generac. Tank Utility helps fuel suppliers digitize their businesses to deliver a better customer experience and earn higher profit margins. With easy-to-use 4G LTE tank monitoring devices connected with industry-leading software and analytics, Tank Utility optimizes everyday operational efficiency by offering real-time and actionable insight into customer propane tank levels. The added visibility provided by Tank Utility eliminates wasted deliveries and increases fuel drop sizes for greater efficiency per delivery. In addition, Tank Utility uniquely partners with fuel suppliers to improve customer engagement with value-added services that they can use to win and retain more homeowner and commercial customers. Latest in Mergers & Acquisitions

Generac Acquires Tank Monitoring Service Provider

Newest Addition to Further Expand Generac’s Suite of Energy Management and Monitoring Solutions
September 20, 2021 08:00 ET
Waukesha, Wisconsin, UNITED STATES
WAUKESHA, Wis., Sept.  20, 2021  (GLOBE NEWSWIRE) -- Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today announced the signing of a purchase agreement to acquire the shares of Tank Utility, Inc. (“Tank Utility”), a provider of IoT propane tank monitoring that enables the optimization of propane fuel logistics. The deal further expands Generac’s connectivity functionality and services with sophisticated remote monitoring capabilities for propane. “As an early minority investor in the company for the last five years, Generac has been impressed by the growth of the Tank Utility business,” said Kyle Raabe, executive vice president and president of Generac’s Consumer Power products. “Their solution has been able to help propane suppliers increase efficiency and reduce their emissions, and we believe that the Tank Utility monitoring platform can provide even further value to our dealers and peace of mind to our home standby generator owners.”
Both generator and fuel dealers are seeing increased demand for various power products to support consumers’ off-grid power needs and to protect from grid instability. Generac’s propane-powered backup generators, battery storage, and home energy management offerings paired with Tank Utility’s monitoring and analytics help dealers expand their expertise as total home energy advisors for homeowners and adapt to changing consumer demands for off-grid and backup capabilities. “We are thrilled to be joining the Generac team and to have this opportunity to leverage Generac’s extensive footprint to broaden Tank Utility’s presence in the global marketplace,” said Amos Epstein, chief executive officer and co-founder, Tank Utility. “With our deep experience in designing, building and delivering data-driven IoT products across energy markets, we look forward to driving growth and building upon Generac’s existing connectivity strategies.”
The acquisition is expected to close in October 2021. Union Square Advisors LLC served as exclusive financial advisor to Tank Utility in connection with the transaction. About Generac
Generac Power Systems, Inc. (NYSE: GNRC) is a leading energy technology company that provides advanced power grid software solutions, backup and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms and engine- and battery-powered tools and equipment. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator - a market in which nearly eight of ten generators sold is a Generac. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid. About Tank Utility
Tank Utility helps fuel suppliers digitize their businesses to deliver a better customer experience and earn higher profit margins. With easy-to-use 4G LTE tank monitoring devices connected with industry-leading software and analytics, Tank Utility optimizes every day operational efficiency by offering real-time and actionable insight into customer propane tank levels. The added visibility provided by Tank Utility eliminates wasted deliveries and increases fuel drop sizes for greater efficiency per delivery. In addition, Tank Utility uniquely partners with fuel suppliers to improve customer engagement with value-added services that they can use to win and retain more homeowner and commercial customers. Forward Looking Statements
Certain statements contained in this news release, as well as other information provided from time to time by Generac Holdings Inc. or its employees, contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements, including statements about the anticipated completion, timing and effects of the pending acquisition, give Generac's current expectations and projections relating to the Company's financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "forecast," "project," "plan," "intend," "believe," "confident," "may," "should," "can have," "likely," "future," “optimistic” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. Any such forward looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although Generac believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Generac's actual financial results and cause them to differ materially from those anticipated in any forward-looking statements, including whether and when the required regulatory approvals will be obtained, whether and when the closing conditions will be satisfied and whether and when the transaction will close, and whether the Company will be able to realize the expected financial results and growth effects of the transaction, and how customers, competitors, suppliers and employees will react to the transaction. Should one or more of these risks or uncertainties materialize, Generac's actual results may vary in material respects from those projected in any forward-looking statements. In the current environment, some of the above factors have materialized and may or will continue to be impacted by the COVID-19 pandemic, which may cause actual results to vary from these forward-looking statements. A detailed discussion of these and other factors that may affect future results is contained in Generac's filings with the U.S. Securities and Exchange Commission (“SEC”), particularly in the Risk Factors section of the 2020 Annual Report on Form 10-K and in its periodic reports on Form 10-Q. Stockholders, potential investors and other readers should consider these factors carefully in evaluating the forward-looking statements. Any forward-looking statement made by Generac in this press release speaks only as of the date on which it is made. Generac undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Generac to Acquire Tank Utility, Inc.

Schmitt Industries (SMIT) is a company that develops, manufactures, and sells balancers that are used in machine tool grinding work, laser measurement instruments, and other products.

Schmitt Industries

Schmitt Industries Announces Xact and Tank Utility Partnership — Serra Ventures

Xact Data Discovery (XDD) is an international discovery and data management company. The company provides streamlined forensics, processing, hosting, document review, project management, imaging and coding and paper discovery services. Xact Data Discovery also provides information management consulting services, for law firms, corporations and government agencies.

On April 20, 2021, Xact Data Discovery merged with Consilio.

Xact Data Discovery

xact

Kwicr

Banyan Water

EnerNOC

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

Smart Home & Consumer Electronics

Smart building tech covers energy management/HVAC tech, occupancy/security tech, connectivity/IoT tech, construction materials, robotics use in buildings, and the metaverse/virtual buildings.

Smart Cities

Seed VC

Seed VC - IV

Acquired

Tank Utility offers a remote propane monitoring system providing tank level data through wireless sensors and smartphone app for fuel deliveries. It was founded in 2014 and is based in Boston, Massachusetts. In September 20th, 2021, Tank Utility was acquired by Generac Holdings. Terms of the transaction were not disclosed.

Name	Work History	Title	Status
Amos Epstein	Kwicr, Banyan Water, and EnerNOC	Founder, Chief Executive Officer	Current
Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more

Name	Amos Epstein	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Work History	Kwicr, Banyan Water, and EnerNOC	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Title	Founder, Chief Executive Officer	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Status	Current	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more

Wells Fargo Success Story

Professional Services

Platform Overview

Tank Utility

Executives

Tank Utility Management Team

5 Team Members