Generac began life in 1959 and became the first to bring to the market affordable home standby generators, developing an engine specifically designed for that use along the way.
Today, Generac offers the widest range of generators, from portable, residential, and commercial to industrial models for operation in a variety of industries and in the toughest of environments. It has seen an increasing demand for its technologically
advanced PWRcell® energy storage systems. The company believes this trend will continue because of rising utility rates, grid instability and power quality issues, environmental concerns, and rapid innovation in renewable energy and battery technology.
The company has been so successful that it is now the top manufacturer of home backup generators. They are to further increase production with the expansion of their manufacturing, assembly, and distribution
facility in Trenton, South Carolina in order to boost their distribution capacity in the southeastern United States.
Generac's products are available in over 150 countries through a network of independent dealers, distributors, retailers, e-commence partners, wholesalers and equipment rental companies, and are sold directly to certain end user customers.
The company leads the field in designing and manufacturing manual and fully automatic transfer switches and accessories for backup power applications up to two megawatts.
Besides a major involvement in generators, Generac was the first to introduce power washers specifically for the general public, and now has an extensive range of advanced power washers,
such as this one, for most uses including the toughest commercial and industrial applications.
Generac is responding to the public's growing concern over the need to protect the environment and understands the importance of developing products and processes that minimize their environmental impact. To this end, the company seeks to evolve into an Energy Technology Solutions company, partnering with organizations and stakeholders as a demonstration of leadership in the development of innovative technologies that contribute to the sustainable growth of the power generation industry.
The company is quoted on the New York Stock Exchange (NYSE) as GNRC, and publishes an annual report. Here is the
annual report for 2020. As of the end of 2020 Generac employed about 6,800 people. Revenue for 2020 amounted to US$2.5 billion, a 13% increase over the previous year.