Articles from Sunrun Inc.

Sunrun scaled its grid services business in 2024 to include the nation’s largest single-owner virtual power plant, a new partnership with Tesla in Texas, and the country’s first vehicle-to-home grid support program in partnership with Ford and Baltimore Gas and Electric

SAN FRANCISCO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitization is Sunrun’s thirteenth securitization since 2015 and first issuance in 2025.

Earnings Release and Conference Call Scheduled for February 27, 2025

TIME recognizes Sunrun CEO for impactful climate leadership, advancing residential clean energy adoption to reduce fossil fuel usage and strengthen the nation’s energy grid

Storage Capacity Installed of 336 Megawatt hours in Q3, exceeding high-end of guidance range and representing 92% year-over-year growth, as storage attachment rates reach 60%

SAN FRANCISCO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced the appointment of John Trinta, former CEO of Deloitte Financial Advisory Services, as a member of the Company’s board of directors (the “Board”) and Audit Committee of the Board. Mr. Trinta brings nearly 40 years of expertise in tax and accounting, paired with a proven track record in driving strategic growth and leading organizations to new heights.

Innovative program is one of New York State’s first residential distributed power plants that supplies critical energy to the electric grid using rooftop solar paired with on-site batteries

Earnings Release and Conference Call Scheduled for November 7, 2024

Good Housekeeping’s trusted home renovation guide recognizes Sunrun’s solar-plus-storage subscription service for helping families protect against rising energy costs and power outages

Forbes honors Sunrun CEO for her vision and inspiration to reduce fossil fuel dependence while strengthening the grid with customer-focused, distributed clean energy solutions

SAN FRANCISCO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitization is Sunrun’s twelfth securitization since 2015 and third issuance in 2024.

Sunrun is positioned to become one of the nation's largest distributed power providers, serving as a vital resource for utilities and grid operators in protecting Americans

Cash Generation of $217 million in Q2, including working capital recovery

Sunrun partners with retail electricity provider Tesla Electric to create a customer-driven power plant in Texas using customers’ solar-plus-battery systems

SAN FRANCISCO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, announced today that its near and long-term greenhouse gas emissions reductions targets have been assessed and approved by the Science Based Targets initiative (SBTi). The SBTi has also verified Sunrun’s net-zero science-based target by 2050.

Sunrun customers utilized solar-plus-storage systems to keep their lights on, food refrigerated, and fans running during widespread outages that affected millions of Texans

The innovative program demonstrates how bidirectional electric vehicle charging can alleviate demand on the electrical grid and unlock additional value for participants

Sunrun announces strategic investment in its new homes division with the hiring of top industry leaders that will help accelerate the growth of solar and storage installations on new construction and capitalize on Sunrun’s strong, market-leading platform across multiple segments

More than 16,000 distributed home solar-plus-storage customers networked together to strengthen California’s electrical grid and prevent blackouts

Earnings Release and Conference Call Scheduled for August 6, 2024

SAN FRANCISCO, June 04, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitization represents the largest in Sunrun’s history and the largest residential solar securitization industry wide.

Seventh annual Impact Report highlights Sunrun’s continued progress toward its impact goals, social and environment stewardship, and operating responsibly

Exceeded high-end of Q1 guidance range for both Storage and Solar installations

Sunrun creates the country’s largest virtual power plant to participate in statewide program designed to strengthen California’s stressed electrical grid and reduce blackouts by providing load generation during extreme events

Utilizing thousands of Sunrun solar-plus-storage systems, Puerto Ricans are contributing critical energy to the island’s troubled electrical grid, helping keep the lights on for all residents

Earnings Release and Conference Call Scheduled for May 8

SAN FRANCISCO, April 10, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitized leases and power purchase agreements have been in service for an average of 6.75 years, and thus the vast majority of the portfolio is after the ‘flip point’ in tax equity structures.

America’s leading clean energy company partners with Carhartt to outfit field employees with durable and protective uniforms as they connect homes to the cleanest energy on earth

SAN FRANCISCO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Sunrun Inc. (Nasdaq: RUN) (“Sunrun”) today announced the pricing of $475 million aggregate principal amount of 4.00% convertible senior notes due 2030 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Sunrun also granted the initial purchasers of the notes the option to purchase up to an additional $75 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes are first issued. The notes will be issued at an offering price of 99.75%. The sale of the notes is expected to close on February 27, 2024, subject to customary closing conditions.

SAN FRANCISCO, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Sunrun Inc. (Nasdaq: RUN) (“Sunrun”) today announced that it intends to offer, subject to market conditions and other factors, $475 million aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Sunrun also intends to grant the initial purchasers of the notes the option to purchase up to an additional $75 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes are first issued.

Storage Capacity Installed of 219.7 Megawatt hours in Q4, exceeding guidance range and representing 154% year-over-year growth

Sunrun will be Lowe's largest national home solar and storage partner

New solar project at St. Mary’s Gardens will offset two-thirds of affordable housing community’s energy usage, providing residents with clean energy and immediate monthly savings

Earnings Release and Conference Call Scheduled for February 21, 2024

New rooftop solar system at The Knolls affordable housing community in Orange County is one of California’s largest and provides monthly energy savings for 260 apartment homes

131% year-over-year growth in Storage Capacity Installed as storage attachment rates surge to 33% of installations; recent storage attachment rates exceeding 40% nationally on new sales

Adding a battery to an existing solar system provides outage protection, the ability to shift solar energy consumption to evening use and bolsters the state’s energy system

SAN FRANCISCO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of residential solar, storage and energy services, sets the record straight in response to another deceptive report issued today by short-seller Muddy Waters.

Sunrun recognized on annual list of companies and nonprofits that have built cultural relevance and impact through compelling branding and efforts that naturally extend their presence into communities

Earnings Release and Conference Call Scheduled for November 1, 2023

SAN FRANCISCO, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of residential solar, storage and energy services, today announced it has closed the securitization of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering, and raised additional subordinated non-recourse financing.

Sunrun reaffirms commitment to creating a personalized, multi-decade energy experience and increasing customer value with appointments of Dr. Marcus Mueller and Rachit Srivastava

SAN FRANCISCO, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of residential solar, storage and energy services, today announced it has priced a securitization of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering.

Storage Capacity Installed of 103 Megawatt hours in Q2, 35% growth year-over-year, reaching 918 Megawatt hours of Networked Storage Capacity, as storage attachment rates surge to 18% of new installations

First-of-its-kind program increases enrollment to 8,500 customers as California braces for high temperatures and growing energy demand during evening hours

Distributed power plant aims to keep communities powered with energy from thousands of residential solar-plus-storage systems when unreliable, polluting oil- and gas-plants go down

Earnings Release and Conference Call Scheduled for August 2, 2023

Rooftop solar system at Blossom Trail Commons public housing community provides solar energy savings for 48 apartment homes

Solar Energy Capacity Installed of 240 Megawatts, exceeding the high-end of guidance

Nearly 350 families at Villa Loma Apartments in Carlsbad, CA, to save hundreds each year with new rooftop solar energy system

Sixth annual Impact Report highlights company's progress toward long-term sustainable value, profitable growth, and operating responsibility

New innovative subscription will maximize the value of residential solar energy for California residents under the state’s new rooftop solar policy

Earnings Release and Conference Call Scheduled for May 3, 2023

Net Subscriber Value expands significantly to $16,569, reaching the highest level reported in Sunrun’s history

First-of-its-kind program will offer financial incentives for up to 7,500 customers in exchange for turning their residential batteries into a collective energy resource during periods of peak demand

Earnings Release and Conference Call Scheduled for February 22, 2023

Financings result in advance rate exceeding 85% of contracted Subscriber Value, above the high-end of prior guidance range, and demonstrates robust access to capital across multiple markets

Net Subscriber Value expands significantly to $13,259, exceeding guidance

As reliable power continues to be an issue for millions of Puerto Ricans, Sunrun’s innovative solution will help harden the island’s fragile grid and lower energy costs for all

Local leaders attend ribbon cutting to celebrate solar expansion in Illinois

Thousands of clean home energy systems networked together to reduce peak energy costs and provide grid stability in New England