Generac Power Systems has acquired North American energy storage contractor PowerPlay Battery Energy Storage Systems, a division of SunGrid Solutions. PowerPlay specializes in providing turnkey BESS solutions tailored for commercial and industrial projects up to 7 MWh.
“This acquisition supports our commitment to offer a more complete ecosystem of products and solutions to domestic commercial and industrial customers, empowering them to achieve their energy objectives with a strong emphasis on resilience, efficiency and sustainability,” said Aaron Jagdfeld, president and CEO of Generac.
“We are incredibly proud of PowerPlay and the talented team behind its success. This acquisition by Generac is a testament to the innovative spirit and dedication at SunGrid,” said SunGrid CEO Jody Snodgrass. “Our commitment to advancing the industry of battery energy storage has been instrumental in developing the PowerPlay product portfolio, and we are thrilled that Generac recognizes its value and future success. This strategic move allows SunGrid to increase focus on our utility-scale EPC business, driving growth and innovation.”
The PowerPlay business will continue its operations in Cambridge, Canada, and serve as a dedicated research and development facility for Generac’s C&I BESS solutions. SunGrid Solutions will continue its energy storage EPC operations across the United States and Canada, specializing in solutions ranging from 10 MWh to 1 GWh.
The transaction closed on June 26, 2024. Terms of the deal were not disclosed.
News item from Generac
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