Waukesha-based energy company Generac said Tuesday that it plans to significantly expand its presence in Wisconsin by adding 700 new jobs and investing $53 million in its operations.

Generac`s business building power generator equipment for homes and businesses has been booming after strong storms knocked out power for millions and raised concerns about the dependability of the electric power grid. And with more employees working from home, the need for power and electricity has become even more of a necessity, the company says.

“Generac is experiencing phenomenal demand and growth as the combination of an aging (electricity) grid and extreme weather are resulting in more frequent and longer-lasting power outages,” said Aaron Jagdfeld, president and CEO of Generac.

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