Select your language

Generac acquired ecobee for $770 million

Generac adquirió a ecobee

International. Generac's acquisition of "ecobee" seeks to create a clean, efficient and reliable energy ecosystem for the home, which provides benefits to grid owners and operators.

Generac Power Systems announced the purchase of the sustainable solutions company ecobee Inc, for a figure that reached 770 million dollars. This union allows both companies to meet their goal of providing a sustainable and excellent quality energy future for their customers.

Ecobee, a pioneer in the smart thermostat market, was founded in 2007 and is headquartered in Toronto, Canada. It has a team of more than 500 employees worldwide and offers several Energy Star certified thermostats, as well as a suite of home monitoring products, all designed with a focus on sustainability and comfort. One of the best features of the thermostats of this brand is that they optimize the heating and cooling systems to offer significant energy savings. So, with more than two million homes connected, ecobee customers in North America have saved around 20TWh (Terawatt-hour), which equates to saving enough energy to disconnect, for example, every home in Los Angeles for a year.

Aaron Jagdfeld, president and CEO of Generac, said that residential HVAC systems represent the most energy-intensive device in the home, so "ecobee's smart thermostats and sensors offer the smartest way to balance comfort with conservation. In addition, the ability to combine ecobee's cutting-edge technologies with Generac's energy generation, storage and management devices will allow us to create a clean, efficient and reliable home energy ecosystem, which will not only save homeowners money, but also help grid operators cope with the challenges of an electrical grid under enormous stress, providing solutions to better balance supply and demand."

- Publicidad -

In this union ecobee is highly benefited, as it will be able to take advantage of Generac's global presence and its extensive distribution network, to maximize its growth opportunities. Stuart Lombard, founder and CEO of ecobee, said: "We are excited to join the Generac team to deliver a cleaner, more resilient and sustainable energy future for our customers and communities.


No comments

• If you're already registered, please log in first. Your email will not be published.

Leave your comment

In reply to Some User
Technology, efficiency and innovation at the Virtual HVAC Pre-Congress 2025

Technology, efficiency and innovation at the Virtual HVAC Pre-Congress 2025

International. As a prelude to the Refriaméricas 2025Academic Congress, the Virtual HVAC Pre-Congress will be held on July 8, a free technical conference that will bring together experts and leading...

Chile leads with a gender focus in regional meeting on the Montreal Protocol

Chile leads with a gender focus in regional meeting on the Montreal Protocol

Costa Rica. Within the framework of the Meeting of Networks of National Ozone Officers of Latin America, held from June 17 to 19 and organized by the United Nations Environment Program, Chile stood...

ASHRAE Launches 2025–2028 Strategic Plan to Accelerate the Transformation of Healthy and Sustainable Buildings Globally

ASHRAE Launches 2025–2028 Strategic Plan to Accelerate the Transformation of Healthy and Sustainable Buildings Globally

United States. ASHRAE officially unveiled its 2025–2028 Strategic Plan, with the goal of driving a healthier, more sustainable, and resilient built environment. The roadmap focuses on global...

U.S. Senate Approves Bill Eliminating Key Tax Incentives for HVAC

U.S. Senate Approves Bill Eliminating Key Tax Incentives for HVAC

United States. The U.S. Senate on Monday night approved a controversial bill that eliminates four tax incentives widely used by the HVAC industry, bringing them closer to disappearing as of 2026.

CALA Awards 2025 finalists announced for best HVAC/R installation in Latin America

CALA Awards 2025 finalists announced for best HVAC/R installation in Latin America

International. The most innovative and sustainable projects in air conditioning and refrigeration have been selected as finalists for the CALA Awards 2025, the most important award in the HVAC/R...

World Refrigeration Day: essential technology for modern life and sustainable development

World Refrigeration Day: essential technology for modern life and sustainable development

International. Every June 26, World Refrigeration Day is commemorated, a date that seeks to recognize the fundamental role that this technology plays in health, food, comfort and the global economy,...

Midea Celebrates its HVAC Latin America 2025 Partner Summit and Presents Roadmap to Lead the Sector in the Region

Midea Celebrates its HVAC Latin America 2025 Partner Summit and Presents Roadmap to Lead the Sector in the Region

Brazil. With the participation of 170 representatives from 18 countries, Midea held the second edition of its HVAC Latin America Partner Summit at the Grand Hyatt Hotel in São Paulo. The event...

RefriAméricas 2025: the academic program is available and the registration discount is in force

RefriAméricas 2025: the academic program is available and the registration discount is in force

Dominican Republic. A little more than a month after its implementation, RefriAméricas 2025 continues to advance in its agenda. The event, which will be held on July 23 and 24 in Santo Domingo,...

New Board of Directors to Lead ADOMTRA for 2025-2027

New Board of Directors to Lead ADOMTRA for 2025-2027

Dominican Republic. The Dominican Association of Refrigeration and Air Conditioning Technicians announced the formation of its new Board of Directors for the period 2025-2027, elected during the...

Bogota to host key building automation event in Latin America

Bogota to host key building automation event in Latin America

Colombia. On July 11, the Tequendama Suites Hotel will be the meeting point for leaders in the technology sector with the Building Automation Days by KNX LATAM Colombia, an event that will bring...

Free Subscription
Remember Me
SUBSCRIBE TO OUR NEWSLETTER
DO YOU NEED A SERVICE OR PRODUCT QUOTE?
LASTEST INTERVIEWS
SITE SPONSORS










LASTEST NEWSLETTER
Ultimo Info-Boletin