Generac Announces Strategic Minority Investment in Rolling Energy Resources, EV Telematics Software Company
WAUKESHA, Wis., March 07, 2023 (GLOBE NEWSWIRE) -- Generac Power Systems, Inc. (NYSE: GNRC) (“Generac”), a leading global designer and manufacturer of energy technology solutions and other power products, today announced a strategic minority investment in Rolling Energy Resources (“RER”), a provider of electric vehicle load management software used by utilities and electric vehicle owners to monitor, control and optimize charging.
- WAUKESHA, Wis., March 07, 2023 (GLOBE NEWSWIRE) -- Generac Power Systems, Inc. (NYSE: GNRC) (“Generac”), a leading global designer and manufacturer of energy technology solutions and other power products, today announced a strategic minority investment in Rolling Energy Resources (“RER”), a provider of electric vehicle load management software used by utilities and electric vehicle owners to monitor, control and optimize charging.
- RER and Generac Grid Services are currently working together to provide utilities and consumers with EV load management solutions for charge monitoring, behavioral demand response, and automated smart charging through direct-to-vehicle communications.
- “We have worked closely with the RER team commercially over the past 12 months on several projects that support local grid reliability and are excited to deepen our relationship,” said James Carr, president of Generac Grid Services.
- The investment closed on March 3rd, 2023.