Generac in Talks for GRIP Grant to Boost California's Grid Resilience

Generac Holdings Inc. (GNRC) recently entered into a negotiation to secure a $50 million grant under the Grid Resilience and Innovation Partnerships (GRIP) Program from the U.S. Department of Energy ("DOE"). The program, established by the Bipartisan Infrastructure Law, is part of a $10.5 billion broader investment focused on transforming the U.S. power grid. It aims to boost grid flexibility, enhance power system resilience and ensure that communities have access to reliable, affordable energy, especially ...