Sunrun Partners With California Community Energy Groups to Enhance Resiliency With Local Clean Power
July 30 2020 - 09:00AM
Sunrun Inc. (Nasdaq:RUN), the nation’s leading residential solar,
battery storage and energy services company, has signed three new
agreements with leading community energy suppliers in the Bay Area
to provide affordable, clean solar and battery backup power to
customers who are facing rising electricity costs and power
shutoffs.
Sunrun has secured exclusive partnerships with three Bay Area
Community Choice Aggregators (CCAs), which collectively provide
power for approximately one million homes. The partnerships are
with East Bay Community Energy (EBCE), which supplies power to
Alameda County, Silicon Valley Clean Energy (SVCE), which supplies
power to Santa Clara County, and Peninsula Clean Energy, which
supplies power to San Mateo County. The CCAs sought options to help
increase the use of clean, affordable energy while also providing
backup power to more of their customers following forced blackouts
by PG&E that affected hundreds of thousands of customers in the
Bay Area. The customers of the CCAs benefit from affordable clean
energy along with backup power capabilities, while each CCA can
benefit from stronger customer relationships and optimized
procurement of clean capacity resources. Sunrun benefits from the
co-marketing initiatives and advanced data-driven targeting and
optimization enabled by the partnerships, which can enhance the
value provided to each customer.
The partnerships initially target providing solar energy and
emission-free backup power to up to 6,000 households over the next
three years in areas vulnerable to emergency power shutoffs during
wildfire season. Over 10 percent of the households will be
low-income households, a population that is particularly vulnerable
during power shutoffs. In total, the partnerships envision building
out more than 13 megawatts of home-sited capacity resources.
“Sunrun’s Brightbox rechargeable solar battery system can help
families power through blackouts and better manage energy costs
when they need it most,” said Lynn Jurich, Sunrun co-founder and
Chief Executive Officer. “We’re excited to partner with these
innovative energy providers to begin paving the way towards a
cleaner, more resilient and affordable energy system.”
In addition to providing backup power in case of a power shutoff
at each home, these resources can be networked together to build
virtual power plants, which can help reduce peak power demand, and
effectively enable the use of local resources to stabilize the
operation of California’s electrical grid in real time. This need
has historically been met through purchasing electricity supply
capacity from distant, centralized power plants. Sunrun’s
agreements with the three community suppliers will shift a portion
of those purchases to new, local solar and battery systems that
provide the benefits of backup power directly to local homes.
People will be able to use power near where it’s produced, which
reduces the need for expensive transmission and distribution system
upgrades.
About SunrunSunrun Inc. (Nasdaq: RUN) is the
nation’s leading home solar, battery storage, and energy services
company. Founded in 2007, Sunrun pioneered home solar service plans
to make local clean energy more accessible to everyone for little
to no upfront cost. Sunrun’s innovative home battery solution,
Brightbox, brings families affordable, resilient, and reliable
energy. The company can also manage and share stored solar energy
from the batteries to provide benefits to households, utilities,
and the electric grid while reducing our reliance on polluting
energy sources. For more information, please visit
www.sunrun.com.
Media Contact: Andrew
Newboldpress@sunrun.com816-516-5809
Investor & Analyst Contact:Patrick
JobinSVP, Finance & IRinvestors@sunrun.com(415) 373-5206
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