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Sunrun's Newest California Power Plant Delivers Essential Power to the Grid During Heat Wave
SunrunSunrun(US:RUN) GlobeNewswire News Roomยท2024-07-18 18:15

Core Insights - Sunrun's CEO emphasized the company's role in enhancing energy independence and reliability for California's grid during peak demand periods, particularly during heat waves [1] - The company's solar-plus-storage systems have significantly contributed to the grid, supplying an average of 48 megawatts nightly, enough to power approximately 48,000 homes [3] Company Overview - Sunrun is the leading provider of clean energy as a subscription service in the U.S., with nearly one million customers and over 102,000 installed storage systems [4][7] - The company operates more than a dozen power plants nationwide and has a proven track record of supporting local power grid needs [4] Recent Developments - Sunrun's CalReady power plant was activated to support California's power grid during a recent heat wave, with batteries from over 16,000 customers providing power for four consecutive evenings [5][6] - CalReady is the largest single-owner virtual power plant in California's Demand Side Grid Support program, operational daily from 4 to 9 p.m. through October, when energy demand peaks [6]