Generac Receives Up To $200 Million Award from U.S. Department of Energy to Supply Renewable Power to Puerto Rico's Most Vulnerable Residents

Core Insights - Generac Power Systems has been awarded a grant of up to $200 million from the U.S. Department of Energy as part of the $1 billion Puerto Rico Energy Resilience Fund to install residential solar and battery storage systems for disadvantaged households in Puerto Rico [1][6] - The installations are set to begin in August 2024, aiming to improve energy resilience for vulnerable communities that experience frequent power outages [1][6] - The initiative will also support local workforce development and job creation in Puerto Rico, enhancing the local economy [3][8] Company Overview - Generac Power Systems is a leading global designer and manufacturer of energy technology solutions, providing backup and prime power products, energy storage systems, and energy management services [4] - The company has a long history of providing reliable backup power solutions in Puerto Rico, particularly after Hurricane Maria [2] Program Details - The Programa Acceso Solar will focus on installing solar and battery systems in low-income areas and households with energy-dependent disabilities [6][7] - Local companies, including PathStone and the Interstate Renewable Energy Council, will assist in community outreach and workforce development [7] - Generac will collaborate with local contractors and businesses to ensure high-quality installations and support for residents [8]