Sunrun Becomes the First Clean Energy Company to Surpass 1 Million Residential Solar Customers
20 Agosto 2024 - 5:30AM
Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy
as a subscription service, announced today that it is the first and
only storage-plus-solar company to surpass 1 million
customers—firmly establishing its position as the largest developer
of residential clean energy systems in the U.S. Sunrun now accounts
for one in every five home solar systems installed in the country,
providing benefits to 1 million families, or approximately 3
million people. This milestone comes after the company announced it
set records for storage system installations, emphasizing its
evolution from a solar-only to a multi-product, clean energy
business.
"The customer-led revolution to greater energy independence for
so many Americans is well under way. The aging and increasingly
costly power grid can no longer provide the stability, comfort, and
peace of mind that generating and storing your own clean energy
can," said Sunrun CEO Mary Powell. "Sunrun has positively impacted
so many lives; from easing the burden of rising energy costs to
keeping homes powered during extended outages, the countless
stories our customers share truly inspire us. Thank you to our
customers, partners, and employees for helping us reach this
remarkable milestone."
Sunrun revolutionized the solar industry in 2007 with its solar
as a subscription service, making home solar affordable and
accessible to families without any upfront costs. Subscription
customers benefit from a predictable energy price and peace of
mind, backed by 24/7 system monitoring, maintenance and repairs,
and a solar performance guarantee.
In 2016, Sunrun introduced battery storage to its core offering.
In 2023, the company pivoted to a storage-first strategy, enabling
customers to optimize their solar energy use and secure backup
power during increasing and prolonged outages. Since introducing
storage to its product lineup, Sunrun has provided customers with
over 2.8 million hours of backup power during 659,000 grid outage
events.
Today, Sunrun continues to lead the industry in innovation with
its suite of energy services, including electric vehicle charging
and the nation’s first bidirectional power flow system for the
all-electric Ford F-150 Lightning, which makes vehicle-to-home and
vehicle-to-grid capabilities a reality. Sunrun is the largest
single-owner operator of home solar and storage virtual power
plants, empowering tens of thousands of customers to participate in
the shared clean energy economy.
"As a multi-product, clean energy lifestyle company, we're
creating the power grid of the future — one that is centered around
the customer," said Sunrun President and Chief Revenue Officer Paul
Dickson. "As we deepen our storage-first approach and enhance the
customer experience, we’ll introduce more technologies to our
customers and build the largest network of smart, controllable, and
distributed energy resources that utilities and grid operators will
increasingly rely on. I’m excited for the future of this company
and what we’ll do with our next million customers."
To celebrate this achievement, three families from different
parts of the U.S., who recently installed Sunrun solar-plus-storage
systems, will join CEO Mary Powell in Times Square to ring the
Nasdaq opening bell on Tuesday, August 20.
"These three families, who represent our diverse customer base
of 1 million-strong, each have different energy needs and come from
various regions across the U.S.," said Powell. "But what they share
in common is the significant benefits they’ll receive from tapping
into the cleanest energy on earth and achieving greater energy
independence."
"We lost power during the derecho in May, and when Hurricane
Beryl hit Houston last month, we were without power for several
days," said Ana Otazo, a Sunrun customer from Texas. "After going
through those extended outages with our young children, we knew we
never wanted to be without power again during a storm."
"We are thrilled with the look of our new system and the
exceptional customer experience we’ve received," said Joseph Ortiz,
a Sunrun customer from New York. "Now we are powering our home with
our own solar power and sharing a portion of our stored energy with
our neighbors through a program with Surnun and our utility. We
love being part of a local solution."
"Our area is prone to power outages due to wildfires and storms.
Plus, power bills keep rising every year," said Tori Sandmark, a
Sunrun customer from California. "With our battery, we can avoid
peak utility rates and stay powered and comfortable during rolling
blackouts. It’s incredible to have this technology at our
home."
Since 2007, Sunrun home energy systems have generated more than
37 billion kilowatt hours of solar energy and saved customers
approximately $1.3 billion in energy costs. Sunrun customers’
systems have helped avoid an estimated 18 million metric tons of
carbon dioxide emissions—the equivalent of taking 4.3 million
gasoline-powered vehicles off the roads or 48 gas-fired power
plants offline for a year.
About SunrunSunrun Inc. (Nasdaq: RUN)
revolutionized the solar industry in 2007 by removing financial
barriers and democratizing access to locally-generated, renewable
energy. Today, Sunrun is the nation’s leading provider of clean
energy as a subscription service, offering residential solar and
storage with no upfront costs. Sunrun’s innovative products and
solutions can connect homes to the cleanest energy on earth,
providing them with energy security, predictability, and peace of
mind. Sunrun also manages energy services that benefit communities,
utilities, and the electric grid while enhancing customer value.
Discover more at www.sunrun.com
Media ContactWyatt SemanekDirector, Corporate
Communicationspress@sunrun.com
Investor & Analyst ContactPatrick JobinSVP,
Deputy CFO & Investor Relations Officerinvestors@sunrun.com
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