Generac : 2024 Report
GNRC
Published April 2025
A Message From Our Chairman, President and CEO
We are proud to be leading the evolution to more resilient, efficient and sustainable energy solutions across the globe as the total energy solutions company. We are continuing on our mission to Powering a Smarter World - to make a difference in energy resilience for our customers.
The need for reliable, affordable, and accessible power has never been more urgent. As aging infrastructure meets the growing demands of electrification, severe weather, and rising energy costs, Generac is well-positioned to lead-delivering solutions that help customers take control of their energy future and strengthen resilience across homes, businesses, and communities.
Since publishing our 2023 Sustainability and Impact Report, we've strengthened our internal processes to support continuous improvement, product safety and compliance, and enhanced data acquisition capabilities to ensure accurate, comprehensive disclosures.
2024 milestones include:
Mobilized our Storm Response team during five major hurricanes, handling 48,000 support calls and delivering 600+ emergency shipments.
Launched new clean energy products, including our first Electric Vehicle charger, Battery Energy Storage System for Commercial and Industrial markets, and expanded ecobee offerings.
Grew microgrid, battery storage, and manufacturing capabilities.
Invested $70 million in a new Commercial and Industrial facility in Beaver Dam, WI, supporting production and workforce development.
ecobee surpassed 5 million connected thermostats, helping customers save 41 terawatt-hours of energy.
This year's report reflects a more comprehensive, enterprise-wide view of how we manage risk, drive efficiency and align our business strategy with long-term energy resilience. It includes updated year-over-year metrics, expanded policy references and deeper insights into our environmental and social programs.
We are excited to continue this journey - and to share the ways we are working to make the world better through our products, our people, and the communities we serve.
Thank you,
Aaron P. Jagdfeld
Chairman, President, and Chief Executive Officer
Table of Contents
Introduction
About This Report 4-5
Our Company
Generac at a Glance 8-10
Corporate Values 11
Enterprise Strategy 12-14
Financial Overview 15
Making an Impact
Sustainability and Impact Highlights 17-18 Company Awards and Rankings 19
Commitment to Quality 20-21
Energy Resilience 22-26
Sustainable Development Goals 27
Environmental
Climate Resilience 29-31
Emissions 32
Energy 33-34
Water 35
Environmental Impact 36-37
Materials & Waste 38-39
Community
Our People 41-43
Health & Safety 44-45
Empowering Employees 46-47
Community Involvement 48-51
Human Rights 52
Governance
Corporate Governance 54-56
Business Ethics & Integrity 57-58
Risk Management 59
Supply Chain 60
Legal & Regulatory 61
Appendix
Key Performance Indicators (KPI) 63-64
Sustainable Development Goals (SDG) 65-66
Task Force on Climate-related Financial Disclosures (TCFD) 67 Sustainability Accounting Standards Board (SASB) 68-69
Global Reporting Initiative (GRI) 70-72
About This Report
Report Scope & Boundaries
This 2024 Sustainability and Impact Report (covering January 1 to December 31, 2024) builds on previously published reports and includes all Generac subsidiaries and international operations as described in our 2024 Annual Report unless otherwise noted.
Here we cover the overall Generac Sustainability and Impact strategy and how we're executing our mission to lead the energy evolution to more resilient, efficient and sustainable solutions. This is a valuable resource for stakeholders across our value chain to understand progress and performance on key Sustainability and Impact metrics.
We continue to report in alignment with material topics across the most established and recognized frameworks, guidelines and standards, including the Sustainability Accounting Standards Board ("SASB"), the United Nations Sustainable Development Goals ("SDGs"), the Task Force on Climate-related Financial Disclosures ("TCFD") and with reference to the Global Reporting Initiative ("GRI").
Any restatements of information made from previous reporting periods will be explained accordingly. The data included in this report has been collected based on Generac's internal systems and processes and is not externally assured. Select data and content have been reviewed by Generac's Internal Audit function.
Generac's Commitment to Transparency
We believe in the transparent sharing of various Sustainability and Impact metrics and progress toward our goals. All receive oversight by our Sustainability and Impact Executive Committee and Steering Committee, as well as board-level oversight by our Nominating and Corporate Governance Committee and other Board committees, as applicable. We encourage interested parties to share their questions and comments with us at [email protected].
Forward-Looking Statements
Certain statements made throughout this report, as well as other information provided from time to time by Generac or its employees, may contain forward-looking statements and involve risks and uncertainties that could cause actual results to differ materially from those in these forward-looking statements. Please see our SEC filings for a list of words or expressions that identify such statements and the associated risk factors.
Forward-looking statements give Generac's current expectations and projections relating to the Company's financial condition, results of operations, plans, objectives, future performance, and business. Such forward-looking statements are not guarantees of performance or results and involve risks, uncertainties (some of which are beyond the Company's control), and assumptions.
Top Materiality Topics
By prevalence and influence
1
Health & Safety
2
Human Capital Management
3
Cybersecurity
4
Energy Management
5
Stakeholder Engagement
6
Business Ethics
7
Social Impact of Supply Chain
8
Water Management
9
Human Rights
10
Materials & Waste Management
About This Report
Materiality Assessment
Generac has conducted a materiality assessment* to determine the relative importance of specific Sustainability and Impact topics.
We evaluated over 2,300 unique data points derived from Sustainability and Impact ratings agencies, peer disclosures and industry frameworks
to help guide our short-, medium- and long-term strategy for improvement and disclosure.
Key stakeholders included investors, customers, suppliers, as well as Generac employees, executives and directors.
*Generac completed its initial Materiality Assessment in 2022 and we annually review it for relevancy. As used in this Report, the term "materiality assessment" refers to a process of identifying those Sustainability and Impact topics that may be considered relevant to the Company, as determined through a series
of surveys and interviews. "Materiality" as used herein is not intended to be, and should not be construed as "materiality" or "material" as used in the U.S. securities laws, for financial reporting, or for any other purposes.
"
We're proud of the strides we've made this past year to support our communities, improve energy resilience, and help make energy more efficient and accessible for all."
Jen Anderson
Executive VP Global Corporate Strategy & Development
Stakeholder Engagement
Connecting and staying accountable across our value chain
Customers
We're committed to delivering peace of mind and dynamic service to our customers, including 24/7/365 personalized support. Customer Satisfaction and net promoter scores are evaluated quarterly.
Employees
Our People Promise is rooted in the four pillars of Inspire, Impact, Influence and Innovate. We
conduct annual goal setting, performance reviews and employee engagement surveys to ensure we're listening to our people.
Board of Directors
The Nominating and Corporate Governance committee reviews and assesses the progress of key Sustainability and Impact activities quarterly, at minimum.
Executive Leadership
The Executive Sustainability and Impact Committee engages monthly reviews and approves annual environmental performance.
Suppliers
Supplier Sustainability and Impact Initatives & Compliance are material topics in Quarterly Business Reviews with Critical and Strategic
Suppliers. Suppliers with significant growth and maturity in Sustainability and Impact topics are nominated for our annual Supplier Excellence in Sustainability Award.
Commercial Delivery Partners
Our network of dealers, wholesalers, retailers and e-commerce partners are invited to Generac's annual conference and engage regularly with dedicated account leaders.
Government & Trade Associations
Generac's Policy team collaborates with various stakeholders, including U.S. federal agencies, Congress officials, state public service commissions, energy offices, and other state executive branch agencies and legislatures.
Local Communities
We're committed to being a responsible member of the communities where we live and work, demonstrating corporate citizenship through engagement programs that include volunteering and giving.
Investors & Analysts
Executive leadership engages in quarterly Q&A, investor conferences and in regular dialogue both virtually and in-person.
Generac at a Glance
Corporate Values
Enterprise Strategy
Generac Holdings Inc. 2024 Sustainability and Impact Report | 6
Financial Overview
Our Company Making an Impact Environmental Community Governance Appendix Generac at a Glance Corporate Values Enterprise Strategy Financial Overview
Generac Holdings Inc. 2024 Sustainability and Impact Report | 7
Generac at a Glance
Founded in 1959 with engineering and manufacturing at its core, Generac introduced the first affordable backup generator - and later pioneered the entire automatic home standby generator category.
Today, Generac is a total energy solutions company.
As a globally leading designer, manufacturer and provider of a wide range of energy technologies, we provide power generation equipment, energy storage systems, energy management solutions and other power products for residential and commercial and industrial markets around the world.
Generac continues to expand and diversify wisely, to lead the energy evolution into the future.
Powering a Smarter World
In the face of an aging grid, increasingly volatile weather and growing energy demands, we're committed to providing more resilient, efficient and sustainable energy solutions.
Improving energy sustainability includes three key elements:
Decarbonization
Digitalization
Decentralization
With a dynamic and diverse approach, our experience in power generation and vision for future technology fuel our mission to Power a Smarter World and empower people to use energy on their terms.
Making an Impact
Environmental
Community
Governance
Appendix
Financial Overview
Enterprise Strategy
Corporate Values
Generac at a Glance
Our Company
Founded
1959
2024 Net Sales:
$4.3 BILLION
9,200+
Employees Worldwide
OMNI-CHANNEL DISTRIBUTION
Thousands of dealers, wholesalers, retailers and e-commerce partners
2024 Adjusted EBITDA*:
$789 MILLION
Company Overview
1,200+
Engineers Worldwide
Last Twelve Months Region Net Sales Mix:
84% DOMESTIC
16% INTERNATIONAL
Last Twelve Months Product Net Sales Mix:
57% RESIDENTIAL
32% C&I
11% OTHER
*To supplement our consolidated financial statements presented in accordance with U.S. GAAP, the Company provides the computation of Adjusted EBITDA attributable to the Company, which is defined as net income before noncontrolling interests adjusted for the following items: interest expense, depreciation expense, amortization of intangible assets, income tax expense, certain non-cash gains and losses including certain purchase accounting adjustments and contingent consideration adjustments, share-based compensation expense, certain transaction costs and credit facility fees, business optimization expenses, provision for certain legal and regulatory charges, certain other specific provisions, mark-to-market gains and losses on a minority investment, and Adjusted EBITDA attributable to noncontrolling interests. The provision for legal and regulatory charges adjusts for matters that are significant and not part of the ordinary routine litigation or regulatory matters incidental to the Company's business, such as large suits and settlements, class action lawsuits, government inquiries, and certain intellectual property litigation. The computation of Adjusted EBITDA is based primarily on the definition included in our Amended Credit Agreement.
Making an Impact
Environmental
Community
Governance
Appendix
Financial Overview
Enterprise Strategy
Corporate Values
Generac at a Glance
Our Company
Global Footprint
As of December 31, 2024, Generac is doing business in over 150 countries with over 9,200 employees including more than 1,200 engineers worldwide.
Global Headquarters
Waukesha, Wisconsin
Key Locations
Office, Warehouse, Sales,
Research & Development and Other
Manufacturing Operations
Conducted across 18 facilities globally, including 5 locations in Wisconsin, USA
Making an Impact
Environmental
Community
Governance
Appendix
Financial Overview
Enterprise Strategy
Corporate Values
Generac at a Glance
Our Company
Corporate Values
Corporate values are the responsibility of everyone at Generac to uphold. We promote a culture of continuous improvement through the development of policies, strategies, training and procedures that reinforce our values.
Integrity
We practice the highest ethical standards by honoring our commitments and treating everyone with fairness, trust, and respect.
Environment
We are committed to being a leader in environmental stewardship through sustainable operations and cleaner and more efficient power solutions.
Innovation
We inspire innovation and creativity, and make significant investments in gaining insights, developing and applying new technologies to deliver advanced energy solutions.
Agility
We move with urgency and precision to take advantage of market opportunities and out-execute competitors. We are progressive and focused on the future and improving every day. With our scale and resources, we shape market dynamics, not react to them.
People
Our success is directly tied to our employees' professional growth and personal well being, combined with strong families and communities. As an inclusive workplace, our employees embrace diversity, celebrate differences, and treat others with equality and respect.
Excellence
We are committed to delivering quality and performance by continuously reaching for excellence in everything we do, with a focus on product safety and compliance.
Making an Impact
Environmental
Community
Governance
Appendix
Financial Overview
Enterprise Strategy
Corporate Values
Generac at a Glance
Our Company
Megatrends Underpin Our Strategy
Lower Power Quality
More frequent severe and volatile weather impacting aging grid, causing increased power outage activity
Increasing intermittent generation sources and accelerating electrification trends drive supply/demand imbalances
Higher Power Prices
Investment required to upgrade grid infrastructure and build cleaner generation, storage, and T&D assets pushing prices higher
Rising prices causes home and business owners to adopt energy management solutions
Accelerating Artificial Intelligence Adoption
Significant power needs for data center buildout and AI adoption could drive further grid instability
Hyperscale and edge data center acceleration require significant backup power
Required Investment in Global Infrastructure
Upgrading of aging and underinvested legacy infrastructure systems
Expanding investment for increasingly critical technology infrastructure
Home as a Sanctuary
Increasing importance of the home with more people working from home and aging in place
More intelligent and connected home and desire for improved energy efficiency
Growing Demand for Cleaner Alternative Fuels
Natural gas and other alternative fuels are vital to the energy transition
Cleaner-burning sources of non-intermittent power generation and resiliency solutions
Making an Impact
Environmental
Community
Governance
Appendix
Financial Overview
Enterprise Strategy
Corporate Values
Generac at a Glance
Our Company
Our Company
Making an Impact Environmental Community Governance Appendix
Generac at a Glance
Corporate Values
Enterprise Strategy
Financial Overview
Home Energy Ecosystem of The Future
Multiple hardware devices connected to a single interface to optimize home energy generation & consumption.
Solar Inverter
Next-Generation Launch 2025
Prioritize energy resilience and independence
Deliver savings by optimizing for energy efficiency
Balance comfort and conservation
EV Charging
Wallbox partnership
PWRcell 2 Battery Cabinet
Next-Generation launch Q1 2025
PWRcell 2 Inverter
Power virtually any load in the home
Smart Disconnect Switch
Microgrid Interconnection Device
ecobee
Smart Thermostat Hub for Home Energy Management
Fuel Tracker
Propane Level Monitoring
Provides 24/7 backup power
Home Standby Generator
Offers 24/7 backup power
Generac Holdings Inc.
Power Generation & Storage | Monitoring & Management Devices Platform & Controls | Grid Services
Our Company
Making an Impact Environmental Community Governance Appendix
Generac at a Glance
Corporate Values
Enterprise Strategy
Financial Overview
Building Multi-Asset Commercial and Industrial Microgrids
Turnkey solutions managed through a single interface integrating multiple assets to optimize power generation and consumption.
EV
Power Generation and Storage
Energy Management Devices
Monitoring and Controls
Generac Holdings Inc.
Grid Services
EV Charger
Battery Energy Storage System
Transfer Switch/ Switchgear
Generator
Financial Overview
Generac's strong balance sheet and long-term cash flow generation allows for flexibility to execute on future shareholder-value enhancing opportunities.
Disciplined Capital Allocation Revenue Growth
Organic Growth
Investment in technology, innovation, R&D capabilities, capacity expansion, global systems, automation
$5.0B
~$4.3B
$4.5B
$4.0B
Strategic M&A
Accelerating "Powering A Smarter World" Strategy
$3.5B
$3.0B
$2.5B
Maintaining Healthy Balance Sheet
Target leverage 1-2x
$2.0B
$1.5B
Return of Capital
Opportunistic Share Buy-backs
'00
'02
'04 '06
'08
'10
'12
'14
'16 '18 '20 '22 '24
$1.0B
$0.5B
$
Making an Impact
Environmental
Community
Governance
Appendix
Financial Overview
Enterprise Strategy
Corporate Values
Generac at a Glance
Our Company
Sustainability and Impact Highlights
Company Awards and Rankings
Commitment to Quality
Generac Holdings Inc. 2024 Sustainability and Impact Report | 16
Energy Resilience
Sustainable Development Goals
Sustainability and Impact Highlights
It's the "why" we do what we do that matters…leading the evolution to more resilient, efficient and sustainable energy solutions.
41.2 TWh
Of energy savings since inception by customers using our ecobee Home Energy Management Systems
8.4 M
Tons of CO2e out of the atmosphere via ecobee thermostats
60,000+
Students participated in Generac sponsored STEM education programs in 2024
11,000+
Employee Volunteer hours since 2022*
1,200+
Engineers dedicated to developing a broad range of energy technology products and solutions
5.1%
Of revenue spent on research and development
$1.4 M+
Saved by implementing energy consumption reduction initiatives since 2022
51%
Reduction in Total Recordable Incident Rate (TRIR) since 2022
7
Employee-driven groups creating a sense of community and belonging
85%
Global participation across entire workforce in Generac engagement survey
64%
Of domestic GPS Sites have completed energy audits since 2021
82%
Of waste from global operations was recycled in 2024
259 GWh
Energy produced by PWRcell solar battery + storage units in 2024
100%
Independent Board committees
Board
Nominating and Governance Committee overseas our Sustainability and Impact activities including climate risk
*2022 is US and Canada only, 2023 and 2024 is global data.
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Sustainability and Impact Highlights
Commitment & Accountability to Our Value Chain
Continuous Improvement in Health and Safety
With prevention as our key focus, we achieved a ~50% lower TRIR than our NAICS code comparable peer set.
Advancing Our Supply Chain
90% of direct suppliers acknowledged our Code of Conduct Policy, a 10% YoY increase.
85% Engagement Survey Participation
Our ambitious employee engagement survey garnered record responses, informing our strategy to become an employer of choice.
Learning and Development
In 2024, over 1,000 professionals finished our online Introduction to Continuous Improvement course.
Empowering Energy Resiliency in
Low-and Moderate-Income Communities
In 2024, Generac advanced its commitment to energy resilience and sustainability through key federal projects in Puerto Rico and Massachusetts, while securing a new award to address industrial challenges in California.
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Company Awards and Rankings
Our focus on quality is tied to our enterprise strategy of Powering A Smarter World and our guiding principles, including excellence.
With a focus on product safety and compliance, we strive for excellence in everything we do. We continue to set the standard for excellence within
our industry.
Forbes
Three of Generac's Home Standby Generators made Forbes' list of the five best whole house generators for January 2025.
The New York Times
The New York Times recognized the ecobee Smart Thermostat Premium as their top pick for the best smart thermostat.
TIME
Generac's Commercial 4200 PSI pressure washer was recognized as the most powerful pressure washer on Time's list of the best pressure washers.
Southern Living
Generac's 28kW home backup generator earned the top spot on Southern Living's list of the best home generators.
CBS News
CBS News recognized Generac's Guardian 24kW whole-house generator as the best overall home generator and Generac's 7172 10kW home standby generator as the best value home generator in their list of the 5 best home generators to prepare for hurricane season.
MarketWatch
Generac's PWRcell battery solution was recognized on MarketWatch's list of the top solar battery options on the market.
U.S. Department of Energy
Generac was chosen for three federal grants to support grid resilience in Massachusetts's providing homes clean energy solutions, providing back up power to California's water utilities and supporting Puerto Rico's most vulnerable residents.
ENERGY STAR® -
2024 Partner of the Year
The U.S Environmental Protection Agency has named ecobee an ENERGY STAR Partner of the Year for the fourth consecutive year.
Great Place to Work® Canada
ecobee has been recognized by Great Place to Work® Canada and named one of the 2024 Best Workplaces For Giving Back™ for our commitment to creating an outstanding employee experience.
GOOD DESIGN Awards
GOOD DESIGN recognized 5 products- the GB1000, the GB2000, the MLTB Light Tower, the DR Power Equipment ZT5e and the PWRmanager- for their product design, graphics and innovation.
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Commitment to Product Quality
We're committed to producing safe, quality products designed to protect homes, businesses and critical infrastructure from energy instability.
Guided by our core Excellence value, Generac teams focus on continuous improvement and customer experience, working together to increase value and provide products that will safely and efficiently satisfy customer needs.
Through ongoing training, problem solving and communication, we cultivate a culture of ownership, safety and accountability where team members take pride
in contributing to our collective success
Our emphasis on product, customer and employee safety is integral
Aligned Goals
24/7/365 technical customer experience team provides support and plays a crucial role in establishing trust
in Generac
Generac Design Process includes hazard reviews to help identify and
design out potential safety risks
Product Safety Review Board manages the creation, implementation and continuous improvement of product
safety processes and procedures
Collaborative Teams
Corporate Quality Managers monitor the health of products in the field and drive improvements into our designs,
methods and supply chain
Our Drive to Zero program is designed to eliminate injuries, nonconformances
and waste in Generac operations
Continuously measuring and evaluating our plans, our work and our products drives business
performance
Continuous Improvement
Available Support
Reliable Products
Safer Products
Quality Results
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Commitment to Product Safety
Every Generac employee involved in the development, manufacture, sale, and service of each product is included in the training and instruction on the relevant aspects of product safety.
Our comprehensive processes and procedures include:
Safety by Design Supply Chain Processes
A cross-functional team from Engineering, Corporate Quality and Legal participates in hazard reviews as part of the Generac Development Process (GDP) for new products.
Our expectations extend beyond internal operations, providing all suppliers with product specifications related to safety and compliance.
Production & Quality Assurance Processes Ongoing Monitoring
Taken throughout manufacturing to help prevent and detect deficiencies. Changes in design, production and distribution are subject to control and documentation.
Once released for distribution, overall product field health (including safety concerns) is continuously monitored. The Generac Product Safety Review Board (PSRB) meets routinely to help ensure products meet applicable design and safety standards.
Corrective Action Records
The PSRB also issues any appropriate corrective action directives and reports to external regulatory agencies, such as the Consumer Product Safety Commission, when necessary.
Training
Product safety-related records are kept as required to help promote timely detection of product safety trends and to support traceability.
All Generac employees are required to complete the Generac Product Safety Compliance training online or in person. Role-specific training is also conducted continuously through classroom training, on-the-job training, publications, bulletins and other instructional methods.
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
PWRcell 2 is the next-generation system in the PWRcell line of products, which produced 259.2 GWh of clean energy in 2024.
Energy Resilience: PWRcell 2
Through Distributed Energy Resources (DERs), including solar + storage systems, energy management devices and standby generators, Generac is helping transform homes and businesses into resilient energy hubs.
In 2024, Generac unveiled the PWRcell 2 Solar Battery Storage System for residential homes. Designed to seamlessly integrate with our leading generator products and ecobee smart thermostats, PWRcell 2 creates a unified energy ecosystem that powers more of the home with clean, reliable power. Ultimately, PWRcell 2 offers homeowners greater energy independence and and provides peace of mind,
any time.
PWRcell 2 systems pair with ecobee smart thermostats, giving homeowners easy access to real-time alerts and energy usage insights, with automatic temperature adjustments during outages to preserve stored energy and extend backup duration.
These new solutions provide greater capacity and deeper energy saving opportunities for consumers, supporting up to 19.2 kW of energy from solar panels before needing grid power or stored battery energy.
By empowering people with smarter energy management tools, Generac is driving the adoption of DERs to help people take control of their energy and to shape a cleaner, more resilient energy future.
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Energy Resilience: Our Commitment to Natural Gas
We're also perfecting technology to efficiently pair natural gas generators with batteries and renewable energy resources, providing more resilient grid services, optimized energy management solutions and microgrids.
As Generac develops and deploys its range of clean energy technology solutions, we maintain our global leadership in residential, commercial and industrial generators powered by natural gas - an essential alternative to diesel and coal.
Our expertise and innovations in natural gas generators create efficiencies and versatility across various applications, including:
Addressing fuel storage challenges, environmental permitting and refueling for diesel-fueled generators
Reducing expenses and space requirements by replacing multiple generators with a single unit through Generac's Modular Power System
Decreasing sound emissions and enhancing fuel efficiency through integration of electronic fuel and ignition control, with low-speed exercises in most of our portable, residential, commercial and industrial units
Enhancing grid resiliency and reducing ownership costs by integrating home standby generators into virtual power plants
CO3
Natural gas combustion emits nearly 30% less carbon dioxide than diesel fuel.*
*Per unit of energy, as per the U.S. EPA's Inventory of U.S. Greenhouse Gas Emissions and Sinks: 1990-2020
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Energy Resilience: Supporting Grid Resilience and Our Communities
In 2024, Generac advanced its commitment to energy resilience and sustainability through key federal projects in Puerto Rico and Massachusetts, while securing a new award to address industrial challenges in California.
These projects tackle the pressing need to ease the burden on electric grids increasingly strained by aging infrastructure, electrification demands and extreme weather. Central to these initiatives is a focus on supporting vulnerable communities and generating job opportunities in those areas.
A Vision for the Future
These DOE-funded projects exemplify the power of public-private partnerships to address urgent energy challenges, while creating tangible benefits for communities.
By combining cutting-edge technologies with an emphasis on equity and sustainability, these initiatives are building a stronger, cleaner and more resilient energy future.
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Energy Resilience: Supporting Grid Resilience and our Communities
In July 2024, Generac began the second phase of the energy resiliency project awarded in 2023 known as Programa Accesso Solar (Solar Access Program), funded through the Puerto Rico Energy Resilience Fund (ERF).
This initiative brings clean, grid-resilient energy storage to low-income communities prone to frequent and prolonged power outages, as well as to homes with residents reliant on energy for medical needs.
Powering Resilience in Puerto Rico
Our Massachusetts initiative leverages federal funding to bolster grid resilience through advanced energy solutions.
The project involves installing energy technologies such as Wi-Fi thermostats, batteries and optimized electric heat pumps in disadvantaged communities across the Commonwealth.
These systems not only improve reliability for residents but also demonstrate Generac's ability to integrate energy technologies into cohesive solutions. The initiative provides resiliency and incentives for low-to middle-income residents and creates a model for sustainable energy transitions for the broader grid in other regions.
Enhancing Grid Stability in Massachusetts
Generac was awarded new federal funding in 2024 to support California's water utilities and Disadvantaged Communities (DACs) through advanced microgrid technology.
These microgrids, managed by Distributed Energy Resource Management systems (DERMs) will be capable of delivering reliable load
reductions during periods of grid stress.
Beyond reducing strain on the electric grid, this project is expected to improve air and water quality, enhance reliability and create operational cost savings.
Powering Resilience in California
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Product Innovation: 2024 Highlights
In 2024, Generac continued to invest and develop across new and sustainable energy solutions.
GLT Series Light Towers
We launched a new range of mobile lighting towers that offer long operating times, a digital controller and foldable drawbar for greater stability.
PWRcell 2
Our new PWRcell2 Home Energy Storage System product
series was launched to give homeowners more power and reliability.
ecobee Smart Thermostat Lite
ecobee announced its new ecobee Smart Thermostat Lite and released a new update to its eco+ Community Energy Savings feature.
EV Charger Level 2
We announced the availability of our first electric vehicle (EV) charger, a state-of-the-art level 2 charger that's powerful, efficient, reliable and is WiFi/Bluetooth enabled.
Mean Green
Mean Green introduced the world's largest electric
zero-turn mower that included a 96" deck and a 44kWh battery for up to 8 hours of continuous mowing.
PWRmicro
Powerful, installer-friendly and with a 25-year warranty, we introduced our first Generac-branded microinverter to help
homeowners maximize their solar ROI.
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Advancing the Sustainable Development Goals
The 17 United Nations Sustainable Development Goals (SDGs) address challenges facing the developing world and ignite global change. We support these goals through our operations, products and supply chain to help make a positive impact.
Details of how Generac advanced SDGs in 2024 are available in the appendix.
Our commitment to employees includes a Total Rewards program structured around four wellness pillars: Physical, Emotional, Financial and Social.
In 2024, almost 40% of our corporate and Foundation giving was directed towards STEM education and youth initiatives that reached over
62,000 students.
Our purpose to lead the evolution to resilient, efficient, and sustainable energy solutions drives our strategy of powering a smarter world.
As an employer of 9,200+ people, we foster an exceptional employee
experience and cultivate a remarkable workplace culture.
Innovation is one of Generac's core corporate values. In 2024, we developed a range of new products to accelerate the energy transition to help customers with energy resiliency.
An energy industry leader, Generac is committed to producing sustainable products and technologies that benefit families, businesses and communities.
We continuously seek opportunities to minimize our environmental impact, including water and energy usage, waste generation and air emissions.
We are steadfast in our commitment to energy resiliency, which includes integrating the development of more sustainable and efficient power solutions into our enterprise strategy.
Generac collaborates with trade associations, peer networks, academic institutions and engages stakeholders across our value chain to ensure we meet corporate goals and contribute to supporting the SDGs.
Our Company
Environmental
Community
Governance
Appendix
Sustainable Development Goals
Energy Resilience
Commitment to Quality
Company Awards and Rankings
Sustainability and Impact Highlights
Making an Impact
Climate Resilience
Emissions Energy
Generac Holdings Inc. 2024 Sustainability and Impact Report | 28
Water
Environmental Impact
Materials & Waste
Governance
Generac's Nominating and Corporate Governance Committee oversees Sustainability and Social Impact, including climate risks. The EVP, Global Corporate Strategy and Development oversees the day-to-day management of Generac's climate management and social impact programs.
Climate Resilience
Strategy
In the face of an aging grid, increasingly volatile weather and growing energy demands, we have centered our strategy around energy resilience. We are committed to providing more resilient, efficient and sustainable energy solutions
for our customers. We believe that improving energy sustainability includes three key elements: decarbonization; digitalization, and decentralization. In order to proactively address energy resiliency within our business, we engage our leaders annually through the strategic planning process to identify sustainability risks and opportunities that may affect business groups and strategic initiatives in the short (0-3 year), medium (3 to 10 year), and long-term (10 - 25 year).
We recognize that addressing climate change isn't merely an environmental responsibility - it's also essential for our long-term business success. That's why Generac includes climate-related risks and opportunities in our strategic planning and risk management processes.
Risk Management
Generac manages its climate-related risks and opportunities through our annual enterprise risk assessment process, business continuity plans and annual strategic planning process.
To aid in this effort, we're pleased to include a summary of climate-related reporting in accordance with the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD).
For details, please refer to the appendix.
Metrics & Targets
In 2022, Generac launched a greenhouse gas inventory plan, prioritizing Scope 1 and 2 emissions calculations in alignment with the Greenhouse Gas Protocol Corporate Standard.
RISKS
Generac recognizes the potential physical risks to communities from climate change, such as severe storm activity and wildfires, as well as market risks inherent in the transition to a lower-carbon economy.
OPPORTUNITIES
Generac's product mix promotes resource efficiency and lower-carbon options for our customers and communities while improving overall grid resiliency.
Our Company
Making an Impact
Community
Governance
Appendix
Materials & Waste
Environmental Impact
Water
Energy
Emissions
Climate Resilience
Environmental
Climate Resilience
Providing Climate Resiliency to Our Customers
As a leading provider of home standby power in the US, Generac helps customers manage power outages after significant climate events.
Before a storm strikes, we alert customers of potential weather impacts. After the storm, we take our expertise on the road, deploying our Storm Response Team to the areas impacted by the disaster.
Outage Preparedness
Generac offers free guides to empower our customers in preparing for hurricane season, high winds, tornadoes and thunderstorms.
Plus, our free Power Outage Central link consolidates utility outage data from across the nation into a user-friendly interface. This tool enables users to easily visualize the impact of power outages at both local and statewide levels in near real-time.
Storm Response Dispatch
Our Storm Response Team consists of trained Generac employee volunteers who travel to areas affected by a disaster to help residents and communities restore access to power as quickly as possible.
In 2024,
there were:
27 confirmed weather/ climate disaster events
5 major hurricanes made landfall in 2024...
...with losses exceeding
$1 billion each
The Storm Team was dispatched three times in 2024 for Hurricanes Beryl, Helene and Milton, providing support to over 350 families and small businesses.
"
We will continue seeing increased severe weather activity result in power outages - which pose immense risk to safety and security. Backup power is the cornerstone of a well thought out preparedness plan."
Aaron Jagdfeld
Chairman, President and Chief Executive Officer at Generac
Our Company
Making an Impact
Community
Governance
Appendix
Materials & Waste
Environmental Impact
Water
Energy
Emissions
Climate Resilience
Environmental
Disclaimer
Generac Holdings Inc. published this content on April 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 29, 2025 at 16:56 UTC.