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Sunrun Builds and Operates New York's Largest Residential Power Plant in Partnership with Orange and Rockland Utilities
SunrunSunrun(US:RUN) GlobeNewswire News Roomยท2024-10-23 12:30

Core Insights - Sunrun and Orange and Rockland Utilities have activated New York's largest residential power plant using over 300 solar-plus-storage systems to stabilize the electric grid during peak demand events [1][2] - The project supports New York's transition to clean energy and aims to meet the state's storage and electrification goals [2][3] Company Overview - Sunrun is the leading provider of clean energy as a subscription service, with over 1 million customers and 116,000 installed storage systems, accounting for nearly half of all new home battery installations in the U.S. [4] - The company offers residential solar and storage solutions with no upfront costs, enhancing energy security and predictability for customers [5] Project Details - The program allows Sunrun to synchronize battery discharges to deliver stored solar power during peak usage, providing backup power to participating homes [2][3] - Customers enrolled in the program receive a free or heavily discounted home battery, benefiting from utility bill credits for excess energy supplied to the grid [3][4] Strategic Importance - The initiative is seen as a significant step towards fortifying New York's energy grid and demonstrates the potential of home solar-plus-storage systems as flexible resources during electric system stress [3][4]