Sunrun Becomes the First Clean Energy Company to Surpass 1 Million Residential Solar Customers
Sunrun (Nasdaq: RUN), the leading U.S. provider of clean energy subscriptions, has surpassed 1 million residential solar customers, becoming the first storage-plus-solar company to reach this milestone. The company now accounts for 20% of home solar systems installed in the country, serving approximately 3 million people. Sunrun has evolved from a solar-only to a multi-product clean energy business, offering battery storage, EV charging, and bidirectional power flow systems.
Sunrun's systems have generated over 37 billion kilowatt hours of solar energy, saving customers about $1.3 billion in energy costs and avoiding an estimated 18 million metric tons of CO2 emissions. The company is also the largest single-owner operator of home solar and storage virtual power plants, enabling customers to participate in the shared clean energy economy.
Sunrun (Nasdaq: RUN), il principale fornitore statunitense di abbonamenti per energia pulita, ha superato 1 milione di clienti residenziali per il solare, diventando la prima azienda nel settore storage-plus-solar a raggiungere questo traguardo. L'azienda ora rappresenta il 20% dei sistemi solari domestici installati nel paese, servendo circa 3 milioni di persone. Sunrun si è evoluta da un'attività focalizzata solo sul solare a un'impresa di energia pulita multi-prodotto, offrendo sistemi di stoccaggio della batteria, ricarica per veicoli elettrici e sistemi di flusso energetico bidirezionale.
I sistemi di Sunrun hanno generato oltre 37 miliardi di kilowattora di energia solare, risparmiando ai clienti circa 1,3 miliardi di dollari in costi energetici e evitando un stimato 18 milioni di tonnellate metriche di emissioni di CO2. L'azienda è anche il più grande operatore di impianti di energia virtuali a proprietà singola per il solare domestico e lo stoccaggio, consentendo ai clienti di partecipare all'economia condivisa dell'energia pulita.
Sunrun (Nasdaq: RUN), el principal proveedor estadounidense de suscripciones de energía limpia, ha superado 1 millón de clientes residenciales de energía solar, convirtiéndose en la primera empresa de almacenamiento más solar en alcanzar este hito. La compañía ahora representa el 20% de los sistemas solares en hogares instalados en el país, sirviendo a aproximadamente 3 millones de personas. Sunrun ha evolucionado de un negocio solo de solar a uno de energía limpia de múltiples productos, ofreciendo almacenamiento de baterías, carga de vehículos eléctricos y sistemas de flujo de energía bidireccional.
Los sistemas de Sunrun han generado más de 37 mil millones de kilovatios hora de energía solar, ahorrando a los clientes alrededor de $1.3 mil millones en costos de energía y evitando un estimado de 18 millones de toneladas métricas de emisiones de CO2. La compañía también es el mayor operador de plantas de energía virtual con propiedad única de energía solar y almacenamiento en el hogar, permitiendo a los clientes participar en la economía compartida de energía limpia.
Sunrun (Nasdaq: RUN)은 미국의 청정 에너지 구독 서비스의 선두 제공업체이며, 100만 명의 주거용 태양광 고객을 초과했습니다. 이는 저장 및 태양광을 결합한 최초의 기업으로 이 이정표에 도달한 것입니다. 현재 이 회사는 미국의 주택 태양광 시스템의 20%를 차지하며, 약 300만 명의 고객에게 서비스를 제공합니다. Sunrun은 태양광 중심 기업에서 배터리 저장, 전기차 충전, 양방향 전력 흐름 시스템을 제공하는 다기능 청정 에너지 기업으로 발전했습니다.
Sunrun의 시스템은 370억 킬로와트시 이상의 태양광 에너지를 생성하였으며, 고객에게 약 13억 달러의 에너지 비용을 절감해주고, 약 1800만 톤의 CO2 배출을 피했습니다. 또한 이 회사는 주택 태양광 및 저장 가상 발전소의 최대 단일 소유 운영자로, 고객이 공유 청정 에너지 경제에 참여할 수 있도록 하고 있습니다.
Sunrun (Nasdaq: RUN), le principal fournisseur américain d'abonnements à l'énergie propre, a décroché plus d'un million de clients résidentiels pour le solaire, devenant ainsi la première entreprise de stockage et solaire à atteindre ce jalon. L'entreprise représente désormais 20 % des systèmes solaires domestiques installés dans le pays, desservant environ 3 millions de personnes. Sunrun a évolué d'une entreprise exclusivement solaire à un modèle commercial d'énergie propre multi-produits, offrant du stockage par batterie, des bornes de recharge pour véhicules électriques et des systèmes de flux d'énergie bidirectionnels.
Les systèmes de Sunrun ont généré plus de 37 milliards de kilowattheures d'énergie solaire, permettant aux clients d'économiser environ 1,3 milliard de dollars en coûts énergétiques et d'éviter environ 18 millions de tonnes métriques d'émissions de CO2. L'entreprise est également le plus grand opérateur unique de centrales virtuelles solaires et de stockage domestiques, permettant aux clients de participer à l'économie partagée de l'énergie propre.
Sunrun (Nasdaq: RUN), der führende US-Anbieter von Abonnements für saubere Energie, hat die Marke von 1 Million privaten Solarkunden überschritten und ist damit das erste Unternehmen im Bereich Speicher und Solar, das diesen Meilenstein erreicht hat. Das Unternehmen macht nun 20% der installierten Heimsolarsysteme im Land aus und bedient etwa 3 Millionen Menschen. Sunrun hat sich von einem reinen Solarunternehmen zu einem Multi-Produkt-Geschäft für saubere Energie entwickelt und bietet Batteriespeicher, EV-Ladestationen und bidirektionale Stromflusssysteme an.
Die Systeme von Sunrun haben über 37 Milliarden Kilowattstunden Solarenergie erzeugt, was den Kunden etwa 1,3 Milliarden Dollar an Energiekosten gespart und geschätzte 18 Millionen metrische Tonnen CO2-Emissionen vermieden hat. Das Unternehmen ist auch der größte alleinige Betreiber von virtuellen Kraftwerken für Solar- und Speicherlösungen im Wohnbereich, der es den Kunden ermöglicht, an der gemeinsamen Wirtschaft für saubere Energie teilzunehmen.
- Sunrun has reached 1 million residential solar customers, a first for a storage-plus-solar company
- The company accounts for 20% of home solar systems installed in the U.S.
- Sunrun's systems have generated over 37 billion kilowatt hours of solar energy
- Customers have saved approximately $1.3 billion in energy costs
- Sunrun's systems have helped avoid an estimated 18 million metric tons of CO2 emissions
- The company is the largest single-owner operator of home solar and storage virtual power plants
- None.
Insights
Sunrun's milestone of 1 million customers is a significant achievement, solidifying its market leadership. This growth trajectory indicates strong consumer demand for residential solar solutions. The company's evolution from solar-only to a multi-product business, including storage and EV charging, demonstrates adaptability to market trends. However, the financial impact remains unclear without specific revenue or profit figures.
The company's storage-first strategy and virtual power plant initiatives could potentially open new revenue streams and improve margins. The
Sunrun's achievement signifies a pivotal moment in the residential clean energy sector. With one in five home solar systems in the U.S., Sunrun is well-positioned to influence industry standards and potentially shape regulatory landscapes. The company's focus on storage and grid services aligns with the evolving needs of utilities and grid operators, potentially creating a symbiotic relationship that could benefit both parties.
The 2.8 million hours of backup power provided during outages demonstrates the real-world value of Sunrun's offerings, which could drive customer loyalty and word-of-mouth marketing. The company's pivot to a storage-first approach and introduction of vehicle-to-grid capabilities show foresight in addressing emerging energy challenges. This positions Sunrun as a key player in the transition to a more resilient and distributed energy infrastructure.
Sunrun's impact on carbon emissions reduction is substantial, with an estimated 18 million metric tons of CO2 avoided. This equates to significant environmental benefits, comparable to taking 4.3 million gas-powered vehicles off the road. Such tangible results could attract environmentally conscious consumers and potentially lead to favorable policy support.
The company's focus on storage and grid services could play a important role in integrating more renewable energy into the grid, further amplifying its environmental impact. As climate change concerns intensify, Sunrun's solutions offer a scalable approach to reducing residential carbon footprints. This aligns well with growing ESG investment trends and could positively influence the company's valuation and access to capital in the long term.
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
SAN FRANCISCO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- 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
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
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SVP, Deputy CFO & Investor Relations Officer
investors@sunrun.com
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