Sunrun Launches Nation’s First Vehicle-To-Home Grid Support In Maryland Using Ford F-150 Lightning Trucks
Sunrun (Nasdaq: RUN) has launched the nation's first vehicle-to-home power plant using customer-owned bidirectional electric vehicles in Maryland. In partnership with Baltimore Gas and Electric Company (BGE), the program utilizes Ford F-150 Lightning trucks to deliver power to owners' homes during peak demand times, supporting the power grid.
The initiative involves three Sunrun customers in BGE's service territory, showcasing how electric vehicles can function like stationary batteries to reduce grid demand. Participants can earn an estimated $800 over four months by sharing stored energy during specific dispatch windows. This program demonstrates the potential for electric vehicles to contribute to grid resiliency and utility price stability, laying the foundation for future expansion nationwide.
Sunrun (Nasdaq: RUN) ha lanciato il primo impianto di energia veicolo-a-casa del paese utilizzando veicoli elettrici bidirezionali di proprietà dei clienti nel Maryland. In collaborazione con la Baltimore Gas and Electric Company (BGE), il programma utilizza camion Ford F-150 Lightning per fornire energia alle abitazioni dei proprietari durante i periodi di massimo consumo, supportando la rete elettrica.
L'iniziativa coinvolge tre clienti di Sunrun nel territorio di servizio di BGE, dimostrando come i veicoli elettrici possano funzionare come batterie stazionarie per ridurre la domanda sulla rete. I partecipanti possono guadagnare un valore stimato di 800 dollari in quattro mesi condividendo l'energia immagazzinata durante specifiche finestre di distribuzione. Questo programma dimostra il potenziale dei veicoli elettrici di contribuire alla resilienza della rete e alla stabilità dei prezzi delle utility, ponendo le basi per una futura espansione a livello nazionale.
Sunrun (Nasdaq: RUN) ha lanzado la primera planta de energía vehículo-a-hogar del país utilizando vehículos eléctricos bidireccionales de propiedad de los clientes en Maryland. En colaboración con la Baltimore Gas and Electric Company (BGE), el programa utiliza camiones Ford F-150 Lightning para suministrar energía a las casas de los propietarios durante los picos de demanda, apoyando la red eléctrica.
La iniciativa involucra a tres clientes de Sunrun en el territorio de servicio de BGE, mostrando cómo los vehículos eléctricos pueden funcionar como baterías estacionarias para reducir la demanda de la red. Los participantes pueden ganar un estimado de $800 en cuatro meses al compartir energía almacenada durante ventanas de despacho específicas. Este programa demuestra el potencial de los vehículos eléctricos para contribuir a la resiliencia de la red y a la estabilidad de precios de las utilidades, sentando las bases para una futura expansión a nivel nacional.
Sunrun (Nasdaq: RUN)은 메릴랜드에서 고객 소유의 양방향 전기차를 활용한 국가 최초의 차량-가정 전력 플랜트를 시작했습니다. 볼티모어 가스 및 전기 회사(BGE)와 협력하여 이 프로그램은 포드 F-150 라이트닝 트럭을 사용해 피크 수요 시간에 소유자의 가정에 전력을 공급하여 전력망을 지원합니다.
이 이니셔티브는 BGE 서비스 영역에 있는 세 명의 Sunrun 고객을 포함하여 전기차가 어떻게 고정 배터리처럼 작용할 수 있는지를 보여줍니다. 참가자는 특정 디스패치 창 동안 저장된 에너지를 공유함으로써 4개월에 걸쳐 약 800달러를 벌 수 있습니다. 이 프로그램은 전기차가 전력망의 회복력과 유틸리티 가격의 안정성에 기여할 수 있는 잠재력을 보여주며, 향후 전국적 확장을 위한 토대를 마련합니다.
Sunrun (Nasdaq: RUN) a lancé la première centrale électrique véhicule-à-domicile du pays, utilisant des véhicules électriques bidirectionnels appartenant aux clients dans le Maryland. En partenariat avec la Baltimore Gas and Electric Company (BGE), le programme utilise des camions Ford F-150 Lightning pour fournir de l'énergie aux foyers des propriétaires pendant les périodes de forte demande, soutenant ainsi le réseau électrique.
L'initiative implique trois clients de Sunrun dans le territoire de service de BGE, montrant comment les véhicules électriques peuvent fonctionner comme des batteries stationnaires pour réduire la demande sur le réseau. Les participants peuvent gagner environ 800 dollars sur quatre mois en partageant l'énergie stockée pendant des fenêtres de répartition spécifiques. Ce programme démontre le potentiel des véhicules électriques à contribuer à la résilience du réseau et à la stabilité des prix des services publics, posant ainsi les bases d'une future expansion à l'échelle nationale.
Sunrun (Nasdaq: RUN) hat das erste Fahrzeug-zu-Haus-Kraftwerk des Landes mit doppelt verwendbaren Elektrofahrzeugen von Kunden in Maryland gestartet. In Partnerschaft mit der Baltimore Gas and Electric Company (BGE) nutzt das Programm Ford F-150 Lightning Trucks, um während der Spitzenlastzeiten Energie in die Häuser der Eigentümer zu liefern und das Stromnetz zu unterstützen.
Die Initiative umfasst drei Sunrun-Kunden im Versorgungsgebiet von BGE und zeigt, wie Elektrofahrzeuge wie stationäre Batterien fungieren können, um die Netzbelastung zu reduzieren. Teilnehmer können schätzungsweise 800 US-Dollar über vier Monate verdienen, indem sie gespeicherte Energie während bestimmter Abrufzeiten teilen. Dieses Programm demonstriert das Potenzial von Elektrofahrzeugen zur Verbesserung der Stabilität des Stromnetzes und der Preise der Versorgungsunternehmen und legt den Grundstein für eine zukünftige nationale Expansion.
- First operational bidirectional electric vehicle power plant in the US using customer vehicles
- Partnership with major utility BGE and Ford Motor Company
- Potential revenue stream for EV owners (estimated $800 over 4 months)
- Demonstrates new use case for EVs in grid support and energy management
- Aligns with state's net-zero emissions goals
- scale (only three customers in initial program)
- Seasonal operation (June 1 to September 30)
- Restricted to specific EV model (Ford F-150 Lightning)
Insights
Sunrun's initiative to launch a vehicle-to-home grid support system using Ford F-150 Lightning trucks is a pivotal moment in the energy sector. This program not only benefits Sunrun by showcasing their capability to integrate bidirectional electric vehicle (EV) technology, but also aligns with their strategic vision of decentralized clean energy solutions. For investors, this means Sunrun is establishing itself as a leader in innovative energy solutions, potentially driving long-term growth. The financial impact is multifaceted: The partnership with a major utility, BGE and a prominent automaker, Ford, enhances credibility and market reach. Furthermore, grant funding from the Department of Energy mitigates financial risk, while payments to participants help in consumer adoption and data collection. These factors could boost Sunrun's stock, especially if the program proves scalable and replicable in other regions.
The integration of Ford's F-150 Lightning trucks in the first operational bidirectional electric vehicle power plant is a technological milestone. The Ford Charge Station Pro and Home Integration System allow these vehicles to act as both energy consumers and providers, a concept important for future smart grids. For tech-savvy investors, the program validates the feasibility and efficiency of vehicle-to-home (V2H) and vehicle-to-grid (V2G) technologies. This not only positions Sunrun and Ford as pioneers in this emerging field but also sets a precedent for other automakers and energy companies. The data collected during the program will be invaluable for refining these technologies, likely leading to more robust, efficient systems in the future. This could drive innovation and further adoption in the EV market, impacting companies involved in EV technology and smart grid solutions.
This initiative represents a significant market opportunity for Sunrun and its partners. The focus on Maryland, a state with ambitious net-zero emissions goals, provides a proving ground for this disruptive technology. The program's success could lead to broader adoption across states with similar goals, expanding Sunrun's market footprint. For investors, understanding consumer behavior and preferences through this program is critical. Insights gained can tailor future offerings, making EV adoption more attractive and accessible. Additionally, the estimated $800 payment to participants over four months might attract a segment of the market that is cost-sensitive, further driving EV sales and installations. Sunrun's strategic partnership with Ford, a trusted brand, also lowers barriers to customer acquisition. Overall, this program is likely to enhance Sunrun's competitive edge and market positioning in the evolving energy landscape.
The innovative program demonstrates how bidirectional electric vehicle charging can alleviate demand on the electrical grid and unlock additional value for participants
SAN FRANCISCO, July 24, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, is now operating the nation’s first vehicle-to-home power plant using a small group of customer-owned bidirectional electric vehicles. In partnership with Maryland’s largest utility, Baltimore Gas and Electric Company (BGE), a subsidiary of Exelon Corporation (Nasdaq: EXC), the regulator-approved initiative utilizes all-electric Ford F-150 Lightning trucks to deliver power to owners’ homes this summer during peak demand times to support Maryland’s power grid.
The program includes three Sunrun customers in BGE’s service territory who own an F-150 Lightning paired with Ford Charge Station Pro and Home Integration System, which is sold exclusively through Sunrun. This program is the first operational bidirectional electric vehicle power plant in the United States that uses a cohort of customer vehicles.
“This program is a significant proof of concept—no other market player has done this—and the goal is to expand these programs all around the country,” said Sunrun CEO Mary Powell. “This exciting partnership lays the foundation for the power grid of the future where electric vehicle owners can contribute to grid resiliency and utility price stability for everyone. The summer heat can be especially stressful on our power grid, which is why proving the use of stored energy in electric vehicles for capacity is so important.”
BGE was awarded grant funding from the Department of Energy to create an electric vehicle virtual power plant. BGE partnered with Sunrun to develop and administer the program, which is designed to assist BGE’s system during times of peak energy consumption. By discharging F-150 Lightnings’ onboard batteries directly to participants’ homes, the program showcases how electric vehicles can function like stationary batteries to reduce demand on the grid and create a more resilient and reliable energy system for all BGE customers in Maryland.
Sunrun is networking and monitoring the enrolled F-150 Lightning trucks as they share stored energy during dispatch windows from June 1 to September 30, 2024, between the hours of 5 p.m. to 9 p.m. on weekdays. All funding will flow to enrolled customers, who will receive a payment based on the amount of energy shared—estimated to be
“We know that the power stored in electric vehicles will be essential in our state’s effort to achieve its bold net-zero emissions goals,” said Mark Case, Vice President of Regulatory Policy and Strategy at BGE. “Partnering with Sunrun will allow BGE to unlock and learn the potential of how vehicle-to-grid programs will support increasing grid efficiency and reliability with distributed energy resources, while providing a valuable new benefit to customers.”
Sunrun has an existing partnership with Ford Motor Company (NYSE: F) to serve as the preferred installer for Ford Intelligent Backup Power, which includes the Ford Charge Station Pro and the co-developed Home Integration System—the first commercially available bidirectional system in the United States. Intelligent Backup Power gives customers the ability to use bidirectional power technology from their all-electric truck to provide up to 10 days of power to their homes during an outage, depending on home energy usage.
"The ability of Ford’s F-150 Lightning to support the electric grid and generate revenue for the owner while parked at home is a game-changing moment for electric vehicles in Maryland and nationwide as other manufacturers will follow," said state Delegate David Fraser-Hidalgo. "I applaud the collaboration between Sunrun, Ford, and BGE. Maryland has established itself as first in the nation on vehicle-to-home innovation and will need to see more innovation like this if we are to meet our ambitious climate goals and prove that some of the solutions we need to pursue start right in the homes of Marylanders."
In addition to demonstrating vehicle-to-home capabilities, the program’s goals also include learning the behaviors and preferences of electric vehicle owners. Based on insights gained, Sunrun and BGE plan to explore expanding the program, offering incentives for existing F-150 Lightning owners to adopt bidirectional charging and developing direct, vehicle-to-grid capabilities so that energy from electric vehicles can be shared throughout a community.
“BGE and Ford have been amazing partners. This program combines each organization’s core strengths for the benefit of all ratepayers—that’s the beauty of this joint collaboration,” said Chris Rauscher, Sunrun’s Head of Grid Services. “Virtual power plants with bidirectional electric vehicles will play a key role in the clean energy transition. We look forward to scaling these innovative programs with BGE and other utilities around the country.”
About BGE
BGE is Maryland's largest natural gas and electric utility, providing safe and reliable energy delivery to more than 1.3 million electric customers and 700,000 natural gas customers in central Maryland. The company was founded in 1816 as the nation's first gas utility and remains headquartered in Baltimore City to this day. BGE is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's leading energy utility company. Engage with the latest BGE stories on bgenow.com and connect with BGE on Facebook, Twitter, Instagram, and YouTube.
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
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Patrick Jobin
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investors@sunrun.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4981eefc-47fd-456b-8433-6726697ce71d
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