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Sunrun Becomes the First Clean Energy Company to Surpass 1 Million Residential Solar Customers
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
About this update from Sunrun Inc.
[{"type":"text","content":"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\nSAN 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 t...