Home Solar Leader Sunrun Prevents Emission of Nearly 4 Million Metric Tons of Carbon
March 05 2019 - 9:00AM
Sunrun Inc. (Nasdaq: RUN), the nation’s leading home solar,
battery storage and energy services company, detailed in its second
annual Impact Report that its solar systems have prevented the
emission of almost four million metric tons of carbon, the
equivalent of eliminating more than 9 billion passenger vehicle
miles or almost 2 million metric tons of coal.
Sunrun installs a new solar system every 2.3 minutes on average
and has created more than 4,000 local jobs, and thousands more
through its partners. Sunrun customers have enjoyed clean,
reliable energy and saved more than $300 million on their
electricity bills.
"Sunrun is helping our country decarbonize and transforming the
way that we power our lives,” said Lynn Jurich, Chief
Executive Officer and co-founder of Sunrun. "Our work is
creating quality local jobs and reducing pollution in our air and
water. Sunrun’s business model benefits everyone: our customers and
employees, the communities in which we operate, and is a model for
a more effective energy system for the world.”
The report details Sunrun’s momentum in 2018 as the industry
leader, creating value for all stakeholders through its operations,
and embracing sustainability and responsibility across all aspects
of its business.
Highlights from the report include:
- Sunrun’s systems have now prevented greenhouse gas (GHG)
emissions totaling 3.7 million metric tons of carbon dioxide, the
equivalent to eliminating over 9 billion passenger-vehicle
miles.
- Sunrun’s systems continue to prevent the emission of other
forms of pollutants as well, including more than 1 million metric
tons of nitrogen oxide in 2018, an increase from 2016 and
2017.
- In 2018, Sunrun strengthened its commitment to expand access to
solar, which included a new goal of developing 100 megawatts of
solar on affordable housing in California by 2028.
- Sunrun committed to and achieved 100% gender pay parity for its
employees in 2018, becoming the first national solar company to do
so.
- Nearly 5,000 Brightbox solar-powered home battery systems have
been installed since launching the program in 2017.
- Consumers have saved an estimated $300 million on their
electricity bills using Sunrun’s ‘solar-as-a-service’ model.
- Sunrun installs a new solar system every 2.3 minutes on
average.
- The company launched its service in new markets, including
Illinois and Puerto Rico, and expanded its offering in Florida and
Massachusetts.
To read the full report, please visit: sunrun.com/impact
About SunrunSunrun (Nasdaq:RUN) is the nation’s
largest residential solar, battery storage and energy services
company. With a mission to create a planet run by the sun, Sunrun
has led the industry since 2007 with their solar-as-a-service
model, which provides clean energy to households with little to no
upfront cost and at a saving compared to traditional electricity.
The company designs, installs, finances, insures, monitors and
maintains the systems, while families receive predictable pricing
for 20 years or more. The company also offers a home solar battery
service, Sunrun Brightbox, that manages household solar energy,
storage and utility power. For more information, please visit:
www.sunrun.com.
Media ContactShane LevyMedia
Managerpress@sunrun.com+1 (201) 679-9507
Investor & Analyst Contact: Patrick Jobin
Vice President, Finance & Investor Relations
investors@sunrun.com +1 (415) 510-4986
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/97054bb2-2328-4630-b9ef-25a7f43f48fa
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