storage

Generac Acquires Pika Energy, Enters Energy Storage Market

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Generac, headquartered in Wisconsin, has acquired Westbrook, Maine, battery storage company, Pika Energy.
Generac Acquires Pika Energy, Enters Energy Storage Market
Courtesy of Pika Energy

“Pika’s integrated battery storage solutions are a crucial component in developing a comprehensive system to store and consume clean energy,” said Aaron Jagdfeld, Generac president and CEO. “The visionary ideas and technology that Pika has developed give us a considerable edge as we expand into the rapidly developing market for energy storage.”

Pika develops advanced power electronics, software and controls for smart energy storage and management, and its integrated energy storage systems allow users to easily capture, store and use solar energy to reduce energy costs and minimize grid disruptions. The company was founded in 2010.

“Generac is dedicated to providing people with innovative and forward-thinking solutions to power their homes and businesses,” said Ben Polito, Pika Energy CEO and co-founder. “Pika energy storage technology, combined with Generac’s distribution strength and demand creation capabilities, will make this solution immediately available to more users. We are thrilled to be a part of the Generac team.”

The acquisition closed on April 26. Terms of the deal were not disclosed.

 

 

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