LEHI, Utah, Sept. 12, 2017 /PRNewswire/ -- Vivint Solar,
Inc. (NYSE: VSLR), a leading full-service residential solar
provider, today announced a strategic agreement with ChargePoint,
the world's largest electric vehicle (EV) charging network, to
offer ChargePoint® Home charging solutions and custom
installations directly to residential customers.
Vivint Solar will work with ChargePoint and other strategic
collaborators to provide Fully Integrated Solar, the industry's
most comprehensive residential product suite featuring a solar
energy system, EV charger, home battery and smart home technology
for intelligent energy management. By leveraging best-in-class
energy technologies, Fully Integrated Solar from Vivint Solar
enables consumers to build their own clean-energy ecosystems at
home.
"We're proud to work with ChargePoint and our other partners to
assemble this impressive suite of sustainable energy solutions that
we refer to as Fully Integrated Solar," said David Bywater, CEO of Vivint Solar. "Vivint
Solar is the only residential solar provider that offers rooftop
solar customers a one-stop shop to meet their clean energy needs
with this suite of capabilities. Homeowners who want to embrace
clean energy can trust Vivint Solar to make their transition easy
and simple by either purchasing the complete home solar solution or
by buying the elements they need now with the option of adding
others later. It is completely flexible and customizable."
Compatible with any EV, ChargePoint Home brings innovation to
the home garage, offering the smartest, smallest and most advanced
home charging solution for EV drivers. The first and only home
charger with ENERGY STAR certification, ChargePoint Home charges
EVs up to six times faster than a standard 110V outlet, delivering
up to 25 miles of Range Per Hour and using 40 percent less energy
than a standard EV charger when not charging. ChargePoint Home
features a compact, slim design and is easy to manage with an app
that enables drivers to schedule charging, start charging remotely
and track energy usage and all charging in one place.
When EV drivers need to charge away from home, they can count on
more than 40,000 ChargePoint charging spots across North America. ChargePoint is the only
charging company that offers a suite of solutions to serve EV
drivers everywhere they go: at home, at work, around town and on a
trip.
"We're committed to getting everyone behind the wheel of an EV
with solutions that enable drivers to charge everywhere they live,
work and play," said Colleen Jansen,
chief marketing officer, ChargePoint Inc. "Along with unprecedented
EV adoption, we're seeing growing interest in solar among drivers,
so we're excited to partner with Vivint Solar to offer a complete
solution that not only enables people to choose to drive electric,
but also charge up conveniently at home with
solar energy."
Vivint Solar provides consumers an expansive solution for
powering their homes and vehicles with renewable energy. Earlier
this year, Vivint Solar expanded its core rooftop solar offering to
include smart home energy management capabilities and home energy
storage. With today's addition of ChargePoint Home residential
chargers, Vivint Solar is now consumers' simplest way to find,
install and service the most comprehensive suite of renewable
energy technologies for the home.
Fully Integrated Solar from Vivint Solar will help enable
customers to optimize both their energy production and consumption.
First, the customer's Vivint Solar photovoltaic system produces
clean energy, which can then be stored in a home battery storage
system. Without any effort from the consumer, the battery system
intelligently delivers energy to the home depending on electricity
rates, and provides a backup power source for the home if the grid
goes down. An integrated energy management system from Vivint Smart
Home uses artificial intelligence to help customers further reduce
their energy usage. For example, a smart thermostat can reduce
heating and cooling costs by 10-15 percent. Finally, the addition
of ChargePoint Home enables the customer to charge their EV at home
while expanding the benefits of solar energy to their mode of
transportation.
This new fully integrated offering reflects the ongoing effort
of Vivint Solar to directly respond to the needs of customers.
According to a study from Research Now, many consumers are
interested in bundling a residential solar energy system with other
emerging energy technologies, such as a smart home system (54
percent), home battery storage (46 percent), and an EV charging
station (28 percent).
Vivint Solar will offer the ChargePoint EV solution directly to
homeowners in select markets in California. Customers will be able to buy the
complete home solar solution – or customize a package based on
their needs – through Vivint Solar's personal sales
representatives.
Learn more about Fully Integrated Solar from Vivint Solar at
www.vivintsolar.com.
About ChargePoint
ChargePoint is the largest electric vehicle (EV) charging
network in the world, with charging solutions in every category EV
drivers charge, at home, work, around town and on the road. With
more than 40,000 independently owned charging spots and more than
7,000 customers (businesses, cities, agencies and service
providers), ChargePoint is the only charging technology company on
the market that designs, develops and manufactures hardware and
software solutions across every use case. Leading EV hardware
makers and other partners rely on the ChargePoint network to make
charging station details available in mobile apps, online and in
navigation systems for popular EVs. ChargePoint drivers have
completed more than 27 million charging sessions, saving upwards of
27 million gallons of gasoline and driving more than 647 million
gas-free miles. For more information,
visit www.chargepoint.com or contact the Media Relations
team at media@chargepoint.com.
About Vivint Solar
Vivint Solar is a leading full-service residential solar
provider in the United States.
With Vivint Solar, customers can power their homes with clean,
renewable energy. Offering integrated residential solar solutions
for the entire customer lifecycle, Vivint Solar designs and
installs the solar energy systems for its customers, and offers
monitoring and maintenance services. In addition to being able to
purchase a solar energy system outright, customers may benefit from
Vivint Solar's affordable, flexible financing options, power
purchase agreements, or lease agreements, where available. Through
an exclusive collaboration, Vivint Solar also offers solar plus
storage systems with Mercedes-Benz Energy home batteries. For more
information, visit www.vivintsolar.com or
follow @VivintSolar on Twitter.
Note on Forward-looking Statements
This press release contains forward-looking statements as
defined within the meaning of the federal securities laws,
including statements regarding Vivint Solar's comprehensive
residential product suite to leverage best-in-class technologies,
the growth in solar energy interest among drivers, and the ability
of customers to optimize both their energy production and
consumption. Forward-looking statements should not be read as a
guarantee of future performance or results, and they will not
necessarily be accurate indications of the times at, or by, which
such performance or results will be achieved, if at all. These
statements are based on current expectations and assumptions
regarding future events and business performance as of the date of
this press release, and they are subject to risks and uncertainties
that could cause actual performance or results to differ materially
from those expressed in or suggested by the forward-looking
statements, including but not limited to the risks set forth in the
registration statements and reports that Vivint Solar files with
the U.S. Securities and Exchange Commission, which are available on
the Investor Relations section of its website at
www.vivintsolar.com. Vivint Solar does not undertake any obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future developments or
otherwise.
Press Contacts
Vivint Solar
Helen Langan, Director of Public
Relations
385-202-6577
pr@vivintsolar.com
Agency Contact
Ashlyn Hewlett, Method
Communications
801-461-9772
ashlyn@methodcommunications.com
ChargePoint
Darryll Harrison, Jr., Director of
Global Communications
669-237-3380
darryll.harrison@chargepoint.com
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SOURCE Vivint Solar