Business
Sunrun Celebrates 15 Years Leading the Nation’s Clean Energy Transition
Nation’s leading home solar, battery storage, and energy services company now serving over 700,000 customers with 5 GW of solar capacity installed SAN
About this update from Sunrun Inc.
[{"type":"text","content":"Nation’s leading home solar, battery storage, and energy services company now serving over 700,000 customers with 5 GW of solar capacity installed\nSAN FRANCISCO, June 28, 2022 (GLOBE NEWSWIRE) -- 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 a...