STOCK TITAN

Sunrun’s ‘PowerOn Puerto Rico’ Virtual Power Plant Helps Island Avoid Rolling Blackouts

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Sunrun's 'PowerOn Puerto Rico' initiative, utilizing solar-plus-storage systems, is helping stabilize Puerto Rico's electrical grid by providing energy in times of shortage. The program compensates participants for sharing their stored solar energy, reducing blackouts and reliance on polluting power plants. Sunrun is the largest participant in Puerto Rico's Battery Emergency Demand Response Program, offering a sustainable solution to the energy supply-demand imbalance.

L'iniziativa 'PowerOn Puerto Rico' di Sunrun, che impiega sistemi solari più accumulo, sta aiutando a stabilizzare la rete elettrica di Puerto Rico fornendo energia nei momenti di carenza. Il programma retribuisce i partecipanti per la condivisione della loro energia solare accumulata, riducendo i blackout e la dipendenza da impianti di produzione d'energia inquinanti. Sunrun è il maggiore partecipante al Programma di Risposta alla Domanda di Emergenza per Batterie di Puerto Rico, offrendo una soluzione sostenibile al disequilibrio tra offerta e domanda di energia.
La iniciativa 'PowerOn Puerto Rico' de Sunrun, que utiliza sistemas solar-plus-almacenamiento, está ayudando a estabilizar la red eléctrica de Puerto Rico al proporcionar energía en tiempos de escasez. El programa compensa a los participantes por compartir su energía solar almacenada, reduciendo los apagones y la dependencia de las plantas de energía contaminantes. Sunrun es el participante más grande en el Programa de Respuesta de Demanda de Emergencia por Baterías de Puerto Rico, ofreciendo una solución sostenible al desequilibrio entre la oferta y demanda de energía.
Sunrun의 '푸에르토리코 파워온' 행사는 태양광 저장 시스템을 사용하여 부족한 시간에 에너지를 제공함으로써 푸에르토리코 전력망을 안정화하는 데 도움을 주고 있습니다. 이 프로그램은 저장된 태양광 에너지를 공유하는 참가자들에게 보상을 제공하여 정전과 오염 발전소에 대한 의존을 줄입니다. Sunrun은 푸에르토리코 배터리 비상 수요 대응 프로그램에서 가장 큰 참가자로, 에너지 공급과 수요 불균형에 대한 지속 가능한 해결책을 제공합니다.
L'initiative 'PowerOn Puerto Rico' de Sunrun, utilisant des systèmes solaires-plus-stockage, aide à stabiliser le réseau électrique de Porto Rico en fournissant de l'énergie en période de pénurie. Le programme récompense les participants pour le partage de leur énergie solaire stockée, réduisant les pannes de courant et la dépendance aux centrales polluantes. Sunrun est le plus grand participant au Programme de réponse à la demande d'urgence par batteries de Porto Rico, offrant une solution durable au déséquilibre entre l'offre et la demande d'énergie.
Die Initiative 'PowerOn Puerto Rico' von Sunrun, die Solarenergie-Plus-Speichersysteme nutzt, hilft dabei, das Stromnetz von Puerto Rico zu stabilisieren, indem sie in Zeiten der Knappheit Energie bereitstellt. Das Programm belohnt Teilnehmer dafür, ihre gespeicherte Solarenergie zu teilen, was Stromausfälle reduziert und die Abhängigkeit von umweltschädigenden Kraftwerken verringert. Sunrun ist der größte Teilnehmer am Batterienotfallnachfrage-Reaktionsprogramm von Puerto Rico und bietet eine nachhaltige Lösung für das Ungleichgewicht zwischen Energieangebot und -nachfrage.
Positive
  • Sunrun's 'PowerOn Puerto Rico' program contributes to stabilizing Puerto Rico's electrical grid by providing stored solar energy in times of need.

  • The initiative compensates customers for participating, offering financial incentives for sharing their solar energy and helping reduce blackouts.

  • Sunrun's partnership with LUMA and enrollment of nearly 1,800 customers in the virtual power plant demonstrate the success of the program in enhancing energy reliability.

Negative
  • Puerto Rico's ongoing power generation shortfalls highlight the challenges faced by the island, with the need for customer-led solutions to match energy supply with demand.

  • The reliance on solar-plus-storage systems as a solution may face challenges in scalability and potential limitations in meeting peak energy demand during emergencies.

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

SAN FRANCISCO, May 01, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, has now enrolled nearly 1,800 customers—totaling more than 2,000 batteries—in its PowerOn Puerto Rico virtual power plant. The program has been supplying dependable energy from solar-plus-storage systems to the island’s energy grid since last fall. Sunrun is the largest participant in Puerto Rico’s Battery Emergency Demand Response Program and will soon be the first aggregator to compensate customers for their participation.

“After experiencing frequent and extended power outages, I added solar and batteries to my home with Sunrun and was happy to get rid of the noisy, polluting generator,” said San Juan resident Kristoffer Koster. “We also want to be part of the larger solution for our friends and neighbors, which is why we quickly signed up for PowerOn Puerto Rico.”

When Puerto Rico’s electric utility provider, LUMA, foresees a power supply shortfall, Sunrun’s battery fleet simultaneously dispatches the stored solar energy from enrolled customers’ batteries to stabilize the grid. Sunrun's fleet of batteries provides more than 15 megawatt hours of energy to support LUMA's grid while still reserving 40%, on average, of the storage capacity for personal backup at each customer's home.

“The resilience of the people of Puerto Rico is truly remarkable. They consistently step up to help their community by sharing their stored solar energy and improving energy reliability for everyone,” said Sunrun CEO Mary Powell. “LUMA has already called upon Sunrun a dozen times since last fall to activate our virtual power plant, with several of those being emergency events—meaning outages were imminent. It’s incredible to be part of a program that’s making an immediate positive impact.”

After several years of development, Sunrun partnered with LUMA at the end of September and quickly began enrolling customers in PowerOn Puerto Rico. Sunrun customers are compensated for their participation while the energy they share helps avoid blackouts and the use of polluting, fossil fuel peaker power plants.

Puerto Rico has been plagued with ongoing shortfalls in power generation. LUMA’s battery program creates a customer-led solution to help the utility better match energy supply with demand. After Hurricane Maria dismantled the island’s centralized electric grid in 2017, Puerto Rico moved to build a more distributed and resilient energy system that empowers residents to generate their own clean energy. A key program supporting that goal is net energy metering, which was recently extended by Puerto Rico’s legislature and governor so that households can continue to receive credit for the energy they export to the grid.

Sunrun and LUMA expect that there will be between 50 and 125 events per year that will require Sunrun’s fleet of enrolled systems to provide on-demand energy. Individual customers will be compensated for each power-sharing event. Even if there are only 75 events, which is on the lower-end of what the grid operator anticipates, Sunrun customers would earn an average of $550 and Sunrun will earn fees for managing the participation. If there are more events, Sunrun customers will earn even more.

“We want to give back to the community,” Koster said. “That’s the spirit of Puerto Rico—taking care of each other. This program allows us to take ownership and be caretakers of the grid.”

“Sunrun customers’ batteries create a power plant that helps keep the lights on for all Puerto Ricans without polluting or requiring land and years of costly construction,” said Chris Rauscher, Sunrun’s Head of Grid Services. “Sunrun has a proven track record of successfully operating virtual power plants across the country that have repeatedly shown that residential solar-plus-storage is a dependable resource that can be quickly aggregated to meet increasing energy demands and keep utility costs down for all ratepayers.”

With the North American Electric Reliability Corporation warning that a growing number of areas face resource capacity or energy risks over the next decade, Sunrun’s virtual power plant programs—like PowerOn Puerto Rico—are aimed at helping utilities match power production with increasing customer demand in order to prevent rolling blackouts.

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
Senior Vice President, Finance & IR
investors@sunrun.com

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/62b0194d-d99e-4096-8c85-6346379fa52f

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/694c3c88-238f-4a4a-92b3-c8b68d4af976


FAQ

How is Sunrun helping stabilize Puerto Rico's electrical grid?

Sunrun's 'PowerOn Puerto Rico' program utilizes solar-plus-storage systems to provide stored solar energy during power supply shortfalls, helping stabilize the grid and reduce blackouts.

What are the benefits of participating in Sunrun's program for Puerto Rico residents?

Residents participating in Sunrun's program are compensated for sharing their stored solar energy, contributing to energy reliability, reducing blackouts, and minimizing reliance on polluting power plants.

How does Sunrun's initiative impact Puerto Rico's energy landscape?

Sunrun's partnership with LUMA and enrollment of customers in the virtual power plant program offer a sustainable solution to Puerto Rico's energy challenges, aiming to match power production with increasing demand.

Sunrun Inc

NASDAQ:RUN

RUN Rankings

RUN Latest News

RUN Stock Data

2.35B
218.72M
2.52%
111.27%
20.1%
Solar
Miscellaneous Electrical Machinery, Equipment & Supplies
Link
United States of America
SAN FRANCISCO