Sunrun Celebrates 15 Years Leading the Nation’s Clean Energy Transition
28 Junho 2022 - 9:00AM
Sunrun (Nasdaq: RUN), the nation’s leading home solar, battery
storage, and energy services provider, is celebrating 15 years
leading America’s residential clean energy transition. Through its
innovative solar-as-a-service business model, Sunrun has made
rooftop solar and home battery storage affordable, mainstream, and
accessible for millions of Americans by enabling consumers to
switch to clean energy with little to no upfront costs.
As part of the company’s 15th anniversary commemoration, Sunrun
is also celebrating other company milestones achieved earlier this
quarter: increasing total customers to 700,000 and installed solar
capacity to 5 gigawatts, making it the largest residential solar
provider and second largest owner of solar assets in the nation. To
date, Sunrun home energy systems have provided more than $800
million in energy cost savings to customers and generated 20
billion kilowatt-hours of clean energy, helping avoid approximately
11.2 million metric tons of carbon dioxide equivalent (CO2e)—the
equivalent of taking 2.4 million cars off the road for a year.
Sunrun's history of blending product innovation with industry
expertise began in San Francisco in 2007 when Sunrun co-founders,
Ed Fenster and Lynn Jurich, invented the solar-as-a-service model.
In 2015, Fenster and Jurich took the company public on the Nasdaq
stock exchange. In 2020, Sunrun acquired its largest competitor,
Vivint Solar, to help build a world-class sales organization and
further solidify the company’s position as the leader in home solar
and energy services across the United States. Led by Fenster and
Jurich for the first 14 years, the company has been under the
leadership of clean energy pioneer Mary Powell, Chief Executive
Officer, since September 2021.
“Lynn and Ed built an incredibly human-centered, purpose-driven
company that’s in a strong position to capitalize on accelerating
consumer interest and demand,” said Mary Powell, Chief Executive
Officer of Sunrun. “Today we celebrate, but we still have much work
to do. At a time when the cost of energy is increasing by double
digits across the country, and the destructive impacts of climate
change are becoming more severe, we're providing customers
something utilities simply can’t: energy independence, comfort, and
security. Americans want a more reliable, clean, and affordable
energy future, and Sunrun is answering the call to action.”
“In 2007, we rewrote the definition of home energy in America,
and we continue to rewrite that narrative each year as we unlock
more ways for customers to electrify their homes and
transportation,” said Lynn Jurich, Co-Founder and Co-Executive
Chair at Sunrun. “It’s truly amazing to see a business that was
once a two-person operation in the attic of a San Francisco home
scale into a diverse workforce of more than 11,000 and provide
real, tangible benefits to millions across 5,000 cities in 22
states. We’re so proud of our legacy and even more excited about
the next chapter in Sunrun’s journey.”
Sunrun has scaled to a home energy and grid services provider
offering solar + battery storage, EV charging, and smart energy
management that delivers significant cost savings to customers,
reduces reliance on polluting energy resources, and provides backup
energy to utilities and people when it’s needed most. Sunrun now
has over 37,000 solar + battery storage customers nationwide. Since
the first quarter of 2019, Sunrun battery systems have dispatched
more than 516,000 hours (~21,500 days) of backup energy during
nearly 81,000 outage events.
Sunrun continues to expand product and service offerings through
strategic partnerships. In 2021, Sunrun announced a partnership
with Ford Motor Company and the F-Series, America’s best-selling
trucks for 45 years, to advance home energy storage and solar power
using the new, all-electric F-150 Lightning truck to power homes
and help accelerate the adoption of zero-carbon solar energy.
Sunrun has also forged a strategic partnership with SPAN to lower
the costs of solar installation and accelerate whole-home
electrification.
Sunrun is committed to radical collaboration as the company
plays a key role in leading the clean energy transition and
accelerating the customer-led revolution to more innovative
personalized energy solutions for those it serves.
About SunrunSunrun Inc. (Nasdaq: RUN) is the
nation’s leading home solar, battery storage, and energy services
company. Founded in 2007, Sunrun pioneered home solar service plans
to make local clean energy more accessible to everyone for little
to no upfront cost. Sunrun’s innovative home battery solutions
bring families affordable, resilient, and reliable energy. The
company can also manage and share stored solar energy from the
batteries to provide benefits to households, utilities, and the
electric grid while reducing our reliance on polluting energy
sources. For more information, please visit www.sunrun.com.
See the Company's quarterly report on Form 10-Q filed with the
U.S. Securities and Exchange Commission for additional information
regarding Sunrun's business, a description of the risks and
uncertainties related to our business, and the full definitions of
Networked Solar Energy Capacity and Customers.
Media ContactWyatt SemanekSenior Manager,
Public Relationspress@sunrun.com
Investor & Analyst ContactPatrick
JobinSenior Vice President, Finance &
IRinvestors@sunrun.com
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