A Generac portable generator at The Rental Show earlier this year.
A Generac portable generator at The Rental Show earlier this year.
A Generac portable generator at The Rental Show earlier this year.
A Generac portable generator at The Rental Show earlier this year.
A Generac portable generator at The Rental Show earlier this year.

Generac Invests in Propane Level Monitoring Services Provider

Aug. 31, 2016
Generac Holdings, manufacturer of power generation equipment and other engine-powered products, has made an equity investment to become a minority shareholder in Tank Utility Inc., a provider of propane level monitoring services.

Generac Holdings, manufacturer of power generation equipment and other engine-powered products, has made an equity investment to become a minority shareholder in Tank Utility Inc., a provider of propane level monitoring services. The companies further plan to enter into a separate commercial relationship to collaborate on the development of an app-based solution to monitor propane tank fuel levels. The solution will interface with Generac’s existing MobileLink monitoring platform to enable Generac customers utilizing liquid propane-powered home standby generators to better manage fuel levels.

“”Working with Tank Utility allows Generac to provide our customers who use propane to power their home standby generators clear visibility to real-time fuel level data and generator runtime before the tank needs to be refilled,” said Aaron Jagdfeld, Generac’s president and CEO. “We’ve been very impressed with the Tank Utility team and are excited to both invest in their future potential growth and bring a product to our customers that satisfies a need in our monitoring solutions platform.”

“Home standby generators are a perfect fit for remote fuel-level monitoring," said Amos Epstein, CEO and co-founder of Tank Utility. “Our platform will also allow Generac customers to notify propane suppliers when their generator runs low on fuel.”

The companies expect to unveil the new propane level monitoring system beginning in 2017.