Sunrun’s Power Plant Programs Complete Successful 2024 with Expansion and Innovation To Support Power Grids Across the Country
Sunrun (RUN) reported significant growth in its virtual power plant (VPP) programs during 2024, achieving a combined peak capacity of nearly 80 megawatts. Over 20,000 customers participated in 16 VPP programs across nine states and territories. The company's CalReady program in California, the nation's largest single-owner VPP, delivered an average of 48 megawatts during peak hours, with output peaking at 54 megawatts.
Notable achievements include the PowerOn Puerto Rico program supporting over 70 energy shortfall events, new partnerships with Tesla Electric and Vistra in Texas offering customer incentives, and launching the first vehicle-to-home grid support program with Ford and Baltimore Gas and Electric. The company's storage-first approach saw customer enrollment in power-sharing programs grow approximately 100% year-over-year in 2024.
Sunrun (RUN) ha riportato una crescita significativa nei suoi programmi di impianti di energia virtuale (VPP) durante il 2024, raggiungendo una capacità di picco combinata di quasi 80 megawatt. Oltre 20.000 clienti hanno partecipato a 16 programmi VPP in nove stati e territori. Il programa CalReady dell'azienda in California, il VPP di proprietà singola più grande della nazione, ha fornito una media di 48 megawatt durante le ore di picco, con un picco di produzione di 54 megawatt.
Tra i risultati notevoli ci sono il programma PowerOn Puerto Rico che ha supportato oltre 70 eventi di carenza energetica, nuove partnership con Tesla Electric e Vistra in Texas che offrono incentivi ai clienti, e il lancio del primo programma di supporto alla rete veicolo-a-casa con Ford e Baltimore Gas and Electric. L'approccio dell'azienda orientato all'accumulo ha visto l'iscrizione dei clienti ai programmi di condivisione dell'energia crescere di circa il 100% anno su anno nel 2024.
Sunrun (RUN) reportó un crecimiento significativo en sus programas de planta de energía virtual (VPP) durante 2024, logrando una capacidad máxima combinada de casi 80 megavatios. Más de 20,000 clientes participaron en 16 programas de VPP en nueve estados y territorios. El programa CalReady de la empresa en California, la VPP más grande de propiedad única del país, brindó un promedio de 48 megavatios durante las horas pico, con una producción máxima de 54 megavatios.
Logros notables incluyen el programa PowerOn Puerto Rico que apoyó más de 70 eventos de escasez de energía, nuevas colaboraciones con Tesla Electric y Vistra en Texas que ofrecen incentivos a los clientes, y el lanzamiento del primer programa de soporte de red vehicular a hogar con Ford y Baltimore Gas and Electric. El enfoque de la empresa en el almacenamiento vio un crecimiento en la inscripción de clientes en programas de compartición de energía de aproximadamente el 100% interanual en 2024.
Sunrun (RUN)은 2024년 가상 발전소(VPP) 프로그램에서 상당한 성장을 보고하며, 거의 80메가와트의 결합된 피크 용량에 도달했습니다. 20,000명 이상의 고객이 아홉 개 주와 지역에서 16개의 VPP 프로그램에 참여했습니다. 캘리포니아에 위치한 회사의 CalReady 프로그램은 국가에서 가장 큰 단일 소유 VPP로, 피크 시간 동안 평균 48메가와트를 제공했으며, 최대 생산량은 54메가와트에 달했습니다.
주목할 만한 성과로는 70건 이상의 에너지 부족 사건을 지원한 PowerOn Puerto Rico 프로그램, 텍사스에서 고객 인센티브를 제공하는 Tesla Electric 및 Vistra와의 새로운 파트너십, Ford 및 Baltimore Gas and Electric과 함께하는 최초의 차량-홈 그리드 지원 프로그램 출시가 있습니다. 회사의 저장 우선 접근 방식으로 인해 2024년에는 전력 공유 프로그램에 대한 고객 등록이 약 100% 증가했습니다.
Sunrun (RUN) a rapporté une croissance significative de ses programmes de centrales électriques virtuelles (VPP) en 2024, atteignant une capacité de crête combinée de près de 80 mégawatts. Plus de 20 000 clients ont participé à 16 programmes de VPP dans neuf États et territoires. Le programme CalReady de l'entreprise en Californie, la plus grande VPP détenue par un seul propriétaire du pays, a fourni en moyenne 48 mégawatts pendant les heures de pointe, avec un pic de production à 54 mégawatts.
Les réalisations notables incluent le programme PowerOn Puerto Rico soutenant plus de 70 événements de manque d'énergie, de nouveaux partenariats avec Tesla Electric et Vistra au Texas offrant des incitations aux clients, et le lancement du premier programme de soutien au réseau véhicule-à-maison avec Ford et Baltimore Gas and Electric. L'approche axée sur le stockage de l'entreprise a conduit à une augmentation d'environ 100 % des inscriptions des clients aux programmes de partage d'énergie en 2024 par rapport à l'année précédente.
Sunrun (RUN) meldete 2024 ein signifikantes Wachstum seiner virtuellen Kraftwerksprogramme (VPP) und erreichte eine kombinierte Spitzenkapazität von fast 80 Megawatt. Über 20.000 Kunden nahmen an 16 VPP-Programmen in neun Bundesstaaten und Gebieten teil. Das CalReady-Programm des Unternehmens in Kalifornien, das größte VPP im alleinigen Besitz des Landes, lieferte während der Spitzenzeiten im Durchschnitt 48 Megawatt, mit einem Höchstwert von 54 Megawatt.
Zu den bemerkenswerten Erfolgen gehört das PowerOn Puerto Rico-Programm, das über 70 Energieengpassereignisse unterstützte, neue Partnerschaften mit Tesla Electric und Vistra in Texas, die Anreize für Kunden anbieten, sowie die Einführung des ersten Fahrzeug-zu-Haus-Netzunterstützungsprogramms mit Ford und Baltimore Gas and Electric. Der speicherorientierte Ansatz des Unternehmens führte dazu, dass die Kundenanmeldungen für Stromteilung Programme im Jahr 2024 um etwa 100 % im Vergleich zum Vorjahr zunahmen.
- Achieved 80 megawatts peak capacity across VPP programs
- 100% year-over-year growth in power-sharing program enrollment
- Secured new revenue stream through Tesla partnership ($400 per Powerwall)
- Expanded to 16 VPP programs across nine states and territories
- Successfully operated nation's largest single-owner VPP in California
- None.
Insights
Sunrun's 2024 virtual power plant (VPP) achievements represent a pivotal shift in utility-scale distributed energy resources, with several groundbreaking implications for investors:
Revenue Diversification & Growth:
- Recurring revenue streams from VPP programs (e.g.,
$400 per Powerwall in Tesla partnership) - Upfront payments from utilities like Orange & Rockland
- Customer base doubled YoY in peak season programs
Market Leadership & Innovation:
- 80MW peak capacity demonstrates utility-scale impact
- First-mover advantage in vehicle-to-home integration
- Strategic partnerships with major players (Tesla, Ford, BGE)
Grid Modernization Catalyst: NERC's warning about blackout risks and DOE's projection of data center load growth positions Sunrun's VPP infrastructure as critical for grid resilience. The company's ability to deploy 54MW in California (equivalent to powering 48,000 homes) validates the scalability of distributed energy resources as legitimate alternatives to traditional power plants.
The successful implementation across diverse markets (California, Puerto Rico, Texas) demonstrates adaptability to different regulatory frameworks and grid requirements. With over 50% of new customers opting for storage solutions, Sunrun is building a substantial asset base for future VPP expansion, though investors should monitor customer acquisition costs and program retention rates.
The technological sophistication of Sunrun's VPP implementation reveals several competitive moats:
Technical Infrastructure:
- Demonstrated ability to coordinate thousands of distributed assets within one hour (Puerto Rico case)
- Successfully integrated diverse technologies (solar, storage, EVs) into cohesive grid resources
- Proven dispatch capabilities at utility scale (54MW peak in California)
Innovation Leadership: The successful vehicle-to-home (V2H) integration with Ford F-150 Lightning represents a important first-mover advantage in the emerging vehicle-grid integration market. This positions Sunrun at the intersection of two major trends: transportation electrification and distributed energy resources.
The Tesla Electric partnership particularly stands out for its potential to scale, combining Tesla's Powerwall technology with Sunrun's grid services expertise. This collaboration could accelerate VPP adoption while reducing customer acquisition costs through Tesla's brand strength.
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, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, announced today that its growing portfolio of virtual power plants (VPPs) successfully supported power grids across the country in 2024 with a combined instantaneous peak of nearly 80 megawatts—a capacity greater than many traditional fossil-fuel power plants. These innovative programs leveraged Sunrun’s fleet of residential solar and battery systems—the largest in America—empowering customers to generate, store, and share their own solar energy.
In 2024, more than 20,000 Sunrun customers participated in 16 virtual power plant programs across nine states and territories. From California and Texas to Puerto Rico and New England, the customers’ batteries supplied on-demand, stored solar energy to augment power resources during hundreds of critical energy events.
“Utilities are at a point where they can’t grow fast enough for the increased demand for electricity, which is why they are coming to Sunrun for help,” said Sunrun CEO Mary Powell. “Our power plant portfolio is at an inflection point because we have the resources and expertise to quickly develop, deploy, and scale programs to provide smart, controllable load. Combining solar with storage not only provides American families with energy independence and peace of mind, but also the ability to support the grid when it’s needed most.”
Extreme weather events and soaring electricity demand underscore the importance for these power plant programs. The North American Electric Reliability Corporation warns that over half the U.S. faces blackout risks in the next decade due to capacity shortfalls, as peak demand continues to climb with the rise of artificial intelligence, domestic manufacturing growth, and electrification of the economy. According to the Department of Energy, data center load growth has tripled over the past decade and is expected to more than double by 2028.
Sunrun’s 2024 virtual power plant initiatives have demonstrated the ability to enhance grid reliability, lower harmful emissions, and decrease costs for all electricity customers. Notable examples of performance include:
- California: Over 16,000 Sunrun customers participating in California’s statewide CalReady program—the nation’s largest single-owner virtual power plant—delivering an average of 48 megawatts of stored solar energy to the grid during peak evening hours in the summer months. Output peaked at 54 megawatts, enough to power approximately 48,000 homes—equivalent to a city the size of Santa Monica.
- Puerto Rico: Over 4,000 customers’ batteries participating in Sunrun’s PowerOn Puerto Rico program provided vital backup energy to the island’s grid during more than 70 energy shortfall events. Within just an hour’s notice, Sunrun dispatched its batteries as a single power plant to avoid rolling blackouts to help keep the lights on for communities across Puerto Rico.
- Texas: Sunrun partnered with Tesla Electric, a retail electricity provider operated by Tesla Energy Ventures LLC, a subsidiary of Tesla, Inc., and Vistra on two virtual power plants in the Lone Star State. Still growing, the Tesla Electric program leverages home batteries to provide reserves during peak consumption. Customers receive an annual payment, currently set at
$400 per Powerwall, while Sunrun earns recurring revenue through the program. The Vistra partnership also offers customers financial incentives and credits. - New York: Sunrun activated the state’s largest residential virtual power plant in collaboration with Orange & Rockland Utilities, Inc., a subsidiary of Consolidated Edison, Inc. Over 300 solar-plus-storage systems provided stored solar energy during peak demand events in the summer. Participating customers received a free or heavily discounted home battery in exchange for their commitment to the 10-year program, while Sunrun received upfront payments from O&R.
- Maryland: Sunrun launched the nation’s first bidirectional electric vehicle-to-home virtual power plant, partnering with Baltimore Gas and Electric Company (BGE), a subsidiary of Exelon Corporation, to utilize a small group of customer-owned Ford F-150 Lightnings. BGE was awarded grant funding from the Department of Energy to create the program, and Sunrun developed and operated this first-in-the-nation electric vehicle VPP. Participating customers earned several hundred dollars by sharing energy from their F-150 Lightning trucks.
“My wife and I earned nearly
“Sunrun is executing its virtual power plant strategy at a scale that is unmatched, and we’re excited to monetize more battery assets and secure additional, recurring revenue streams in 2025,” said Sunrun President and Chief Revenue Officer Paul Dickson. “With over half of new Sunrun customers installing storage, we are laying a strong foundation to create future programs where there is value for our customers, benefit to the grid, and revenue for Sunrun.”
Sunrun’s storage-first approach has positioned it to become one of the nation's largest distributed power providers, serving as a vital resource for utilities and grid operators in protecting Americans from outages, pollution, and rising energy costs. Peak season customer enrollment in Sunrun’s power-sharing programs grew approximately
“Sunrun is the industry leader, and we’re proving that every utility can and should have a virtual power plant program,” said Chris Rauscher, head of Grid Services at Sunrun. “Our largest and most successful programs are in Puerto Rico and California—places with vastly different power grids—but both equally benefiting from Sunrun customers’ solar-plus-storage systems being networked together to augment supply. I want to thank our amazing team which has turned the dream of VPPs into a reality.”
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.
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