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Sunrun Accelerates Momentum In Its New Homes Business With Addition of Two Top Industry Leaders

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Sunrun (Nasdaq: RUN), the leading provider of clean energy subscriptions, has announced a strategic investment in its new homes division by hiring two top industry leaders, Matt Brost and Ellen Struck. Both executives bring extensive experience from SunPower, where they led the largest new homes solar business in the U.S. This move aims to accelerate the growth of solar and storage installations in new construction and capitalize on Sunrun's market-leading platform across multiple segments.

Brost and Struck collectively bring over four decades of experience in the energy and solar industries. Sunrun's CEO, Mary Powell, expressed excitement about the potential impact of these additions on the company's growth and customer service. The company's focus on partnering with home builders to offer solar-plus-storage systems to new home buyers is part of its broader strategy to maintain strong market leadership across various segments, including its dealer business.

Sunrun (Nasdaq: RUN), il principale fornitore di abbonamenti per energia pulita, ha annunciato un investimento strategico nella sua divisione abitazioni nuove assumendo due importanti leader del settore, Matt Brost e Ellen Struck. Entrambi i dirigenti portano un'ampia esperienza da SunPower, dove hanno guidato il più grande business solare per nuove abitazioni negli Stati Uniti. Questa mossa mira ad accelerare la crescita delle installazioni solari e di stoccaggio nelle nuove costruzioni e a capitalizzare sulla piattaforma leader di mercato di Sunrun in più segmenti.

Brost e Struck portano insieme oltre quattro decenni di esperienza nei settori dell'energia e del solare. Il CEO di Sunrun, Mary Powell, ha espresso entusiasmo per il potenziale impatto di queste aggiunte sulla crescita dell'azienda e sul servizio clienti. L'attenzione dell'azienda a collaborare con i costruttori di abitazioni per offrire sistemi solari con stoccaggio ai nuovi acquirenti è parte della propria strategia più ampia per mantenere una forte leadership di mercato in vari segmenti, incluso quello dei concessionari.

Sunrun (Nasdaq: RUN), el proveedor líder de suscripciones de energía limpia, ha anunciado una inversión estratégica en su división de casas nuevas al contratar a dos líderes destacados de la industria, Matt Brost y Ellen Struck. Ambos ejecutivos aportan una amplia experiencia de SunPower, donde lideraron el mayor negocio solar de viviendas nuevas en EE. UU. Este movimiento tiene como objetivo acelerar el crecimiento de las instalaciones solares y de almacenamiento en nuevas construcciones y aprovechar la plataforma líder en el mercado de Sunrun en múltiples segmentos.

Brost y Struck aportan en conjunto más de cuatro décadas de experiencia en las industrias de energía y solar. La CEO de Sunrun, Mary Powell, expresó su entusiasmo por el impacto potencial que estas adiciones tendrán en el crecimiento de la empresa y en el servicio al cliente. El enfoque de la empresa en asociarse con constructores de viviendas para ofrecer sistemas solares con almacenamiento a los nuevos compradores de casas es parte de su estrategia más amplia para mantener un fuerte liderazgo en el mercado en varios segmentos, incluido su negocio de concesionarios.

Sunrun (Nasdaq: RUN), 청정 에너지 구독의 선도 공급업체가 Matt BrostEllen Struck라는 두 명의 유능한 업계 리더를 채용하여 신규 주택 부문에 대한 전략적 투자를 발표했습니다. 두 임원은 SunPower에서 미국 내 최대의 신규 주택 태양광 사업을 이끌었던 풍부한 경험을 보유하고 있습니다. 이번 결정은 신규 건설에서 태양광 및 저장 설치의 성장을 가속화하고 Sunrun의 시장 선도 플랫폼을 여러 세그먼트에서 활용하기 위한 것입니다.

Brost와 Struck은 에너지 및 태양광 산업에서 40년 이상의 경험을 공동으로 제공합니다. Sunrun의 CEO인 Mary Powell은 이러한 추가 인력의 회사 성장 및 고객 서비스에 미칠 수 있는 잠재적인 영향에 대해 매우 기쁘게 생각한다고 전했습니다. 주택 구매자에게 태양광 및 저장 시스템을 제공하기 위해 주택 건설업체와 협력하는 데 중점을 두고 있는 것은 다양한 세그먼트에서 강력한 시장 리더십을 유지하기 위한 더 넓은 전략의 일환입니다.

Sunrun (Nasdaq: RUN), le fournisseur leader d'abonnements d'énergie propre, a annoncé un investissement stratégique dans sa division maisons neuves en recrutant deux leaders de l'industrie, Matt Brost et Ellen Struck. Ces deux dirigeants apportent une vaste expérience de SunPower, où ils ont dirigé le plus grand marché solaire pour maisons neuves aux États-Unis. Ce mouvement vise à accélérer la croissance des installations solaires et de stockage dans les nouvelles constructions et à tirer parti de la plateforme de leader du marché de Sunrun dans plusieurs segments.

Brost et Struck combinent plus de quarante ans d'expérience dans les secteurs de l'énergie et du solaire. La PDG de Sunrun, Mary Powell, a exprimé son enthousiasme quant à l'impact potentiel de ces nouvelles recrues sur la croissance de l'entreprise et le service à la clientèle. L'accent mis par l'entreprise sur le partenariat avec les constructeurs de maisons pour offrir des systèmes solaires avec stockage aux nouveaux acheteurs est une partie intégrante de sa stratégie globale visant à maintenir une forte position de leader sur le marché dans divers segments, y compris son activité de concessionnaire.

Sunrun (Nasdaq: RUN), der führende Anbieter von sauberer Energie-Abonnements, hat eine strategische Investition in seine Neubaueinheit angekündigt, indem zwei Top-Branchengrößen, Matt Brost und Ellen Struck, eingestellt wurden. Beide Führungskräfte bringen umfassende Erfahrung von SunPower mit, wo sie das größte Solarunternehmen für Neubaue in den USA geleitet haben. Diese Maßnahme zielt darauf ab, das Wachstum von Solar- und Speicherinstallationen in Neubauten zu beschleunigen und die marktführende Plattform von Sunrun in mehreren Segmenten zu nutzen.

Brost und Struck bringen zusammen über vier Jahrzehnte Erfahrung in der Energie- und Solarindustrie mit. Die CEO von Sunrun, Mary Powell, äußerte sich begeistert über die potenziellen Auswirkungen dieser Ergänzungen auf das Wachstum des Unternehmens und den Kundenservice. Der Fokus des Unternehmens auf die Partnerschaft mit Wohnbauunternehmen, um neuen Hauskäufern Solar-Plus-Speichersysteme anzubieten, ist Teil einer umfassenderen Strategie, um eine starke Marktführerschaft in verschiedenen Segmenten, einschließlich des Händlergeschäfts, aufrechtzuerhalten.

Positive
  • Hiring of two experienced industry leaders to accelerate growth in new homes division
  • Strategic investment to expand solar and storage installations in new construction
  • Strong market leadership across multiple segments, including dealer business
  • Growing new home construction pipeline
  • Installation capacity and network to accommodate rapid growth
Negative
  • None.

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

SAN FRANCISCO, July 22, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, announced today that Matt Brost and Ellen Struck will join the company as Vice Presidents in its new homes division. Brost and Struck most recently worked at SunPower, where they led the largest new homes solar business in the country, and together they have more than four decades of experience in the energy and solar industries. Sunrun’s new homes business has been a strong strategic growth route for years, and this continued investment and leadership team expansion position Sunrun to lead the industry and accelerate momentum in this segment.

“By welcoming Ellen and Matt to Sunrun, we are adding tremendous strength to our already amazing new homes team, and I can’t wait to watch as Sunrun accelerates our impact on customers and communities around the country with their leadership,” said CEO Mary Powell. “Sunrun has been leading the way in California and other key markets across the country, and this acquisition of seasoned talent sends a clear message to home builders that we are investing in our program and continuing to scale.”

Brost joins Sunrun with 28 years of experience in the energy industry. He most recently served as Vice President of New Home Sales at SunPower, where he established partnerships with many top U.S. builders and completed over 125,000 new solar homes during his 18-year career at SunPower. He holds a bachelor's degree in environmental design and building science from Sonoma State University.

Struck brings over 16 years of energy and solar industry experience to Sunrun. Most recently, she served as Vice President of Channel Operations at SunPower, showcasing her expertise and leadership in the new homes field as she helped scale the operations through a fivefold increase in annual install volume over four years. She holds an MBA from Northwestern University and a Bachelor of Business Administration from the University of North Carolina.

The addition of top talent underscores Sunrun’s focus on partnering with home builders to offer solar-plus-storage systems to new home buyers. The strategy is part of Sunrun’s broader momentum of strong market leadership across multiple segments, including its dealer business.

“Dealers and homebuilders are attracted to Sunrun’s 17-year track record of strong performance and demonstrated stability,” Powell added. “We are a customer-obsessed organization, and we extend our best-in-class experience to our business partners, ensuring that we grow together as we help households embark on their clean energy journeys.”

Sunrun has been growing its new home construction pipeline and looks forward to working with additional home builders and dealers that meet Sunrun’s quality standards and strategic alignment. Sunrun is the industry leader with nearly one million customers. Sunrun has the installation capacity and network of branches to accommodate a quick pace of growth.

“We are rapidly growing our new homes channel and investing in our relationships with builders across the country,” said Paul Dickson, Sunrun’s President and Chief Revenue Officer. “Sunrun’s thoughtful management approach and capital structure enable us to take full advantage of shifts in the industry and market conditions to accelerate our continued growth and cash generation.”

About Matt Brost
Matt Brost joins Sunrun with 28 years of experience in the energy industry and 18 years in home building. Most recently, he served as Vice President of Sales for SunPower’s new homes division, leading the sales channel focused on residential developers and builders. Before this, Matt held the position of Senior Director of Sales Americas, New Homes, at SunPower. During his 18-year tenure at SunPower, Matt worked to boost energy efficiency and solar adoption among home builders and developers, establishing partnerships with many top U.S. builders and completing over 125,000 new solar homes. Prior to SunPower, Matt co-owned a business and served as Vice President at RLW Analytics, specializing in energy consulting for gas and electric utility companies nationwide. He holds a bachelor's degree in environmental design and building science from Sonoma State University.

About Ellen Struck
Ellen Struck brings over 16 years of energy and solar industry experience to Sunrun. Most recently, she served as Vice President of Channel Operations at SunPower, where she led a team dedicated to delivering outstanding service to the company’s builder customers and new home buyers. Prior to this role, Ellen advanced through various positions within SunPower’s new homes division, showcasing her expertise and leadership in the field. Before her tenure at SunPower, Ellen worked as the Director of Business Development for the energy and industrial systems business at Underwriter’s Laboratories (UL), where she played a key role in simplifying how companies bring safe products to market. Ellen holds an MBA from Northwestern University and a Bachelor of Business Administration from the University of North Carolina.

About Sunrun
Sunrun 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 Contact
Wyatt Semanek
Director, Corporate Communications
press@sunrun.com

Investor & Analyst Contact
Patrick Jobin
SVP, Deputy CFO & Investor Relations Officer
investors@sunrun.com


FAQ

Who are the new executives joining Sunrun's new homes division?

Matt Brost and Ellen Struck, both formerly from SunPower, are joining Sunrun (RUN) as Vice Presidents in its new homes division.

What is Sunrun's strategy for growth in the new homes market?

Sunrun (RUN) is focusing on partnering with home builders to offer solar-plus-storage systems to new home buyers, leveraging its market leadership and expanding its new home construction pipeline.

How many customers does Sunrun currently have?

Sunrun (RUN) is the industry leader with nearly one million customers.

What experience do Matt Brost and Ellen Struck bring to Sunrun?

Matt Brost brings 28 years of energy industry experience, while Ellen Struck has over 16 years of experience in the energy and solar industry. Both previously worked at SunPower, leading the largest new homes solar business in the country.

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