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Retrieved from "https://en.wikipedia.org/w/index.php?title=Generac_Power_Systems,_Inc.&oldid=1076383943"
Founded by Robert Kern in 1959, the company soon began producing portable generators for Sears, Roebuck and Co. under the Craftsman brand. During the 1970s, Generac expanded its offerings in the portable and recreational vehicle markets, and in the 1980s the company entered the commercial and industrial markets with its backup power generation systems.
Shares of Generac Holdings, the parent company of Generac Power Systems, closed at more than a two-year high last week. The company will report third-quarter earnings on Oct. 31.
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Generac Power Systems will provide battery storage systems and other equipment under a $440 million U.S. Department of Energy electric reliability improvement project in Puerto Rico.
The plant brings generator sets online and takes them offline depending on the demands of the system at a given time. An islanded power plant intended for a primary power source of an isolated community will often have at least three diesel generators, any two of which are rated to carry the required load. Groups of up to 20 are not uncommon.
U.S. NRC image of a modern steam turbine generator (STG). In electricity generation, a generator [1] is a device that converts motion-based power (potential and kinetic energy) or fuel-based power (chemical energy) into electric power for use in an external circuit.