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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.
A leading manufacturer of backup generator products is seeing a huge boost in demand, with California roiled by blackouts imposed by Pacific Gas and Electric (PCG).
As a damaging hurricane season continues to knock out power supplies to communities across the US, Generac Power Systems says it is recalling thousands of portable generators due to the risk of ...
On March 13, 2014, GE Capital announced that it would spin its North American consumer finance division off under the new name Synchrony Financial through an initial public offering (IPO). [84] On July 31, 2014, Synchrony Financial raised $2.9 billion in its IPO when GE sold 125 million shares (15%) of the company. [85]
The sequence of events is similar for manual or automatic synchronization. The generator is brought up to approximate synchronous speed by supplying more energy to its shaft - for example, opening the valves on a steam turbine, opening the gates on a hydraulic turbine, or increasing the fuel rack setting on a diesel engine.
Figure 1. A simple diagram of synchronverter operation environment. Synchronverters or virtual synchronous generators [1] [2] are inverters which mimic synchronous generators (SG) [3] to provide "synthetic inertia" for ancillary services in electric power systems. [4]