Sunrun(RUN) GlobeNewswire News Room·2025-02-04 13:00Core Insights - Sunrun's virtual power plants (VPPs) supported power grids with a combined peak capacity of nearly 80 megawatts in 2024, surpassing many traditional fossil-fuel power plants [1][3] - Over 20,000 customers participated in 16 VPP programs across nine states, providing stored solar energy during critical energy events [2][4] - The company is positioned to enhance grid reliability, lower emissions, and reduce costs for electricity customers [4][6] Group 1: Virtual Power Plant Performance - Sunrun's VPP initiatives in California delivered an average of 48 megawatts of stored solar energy, peaking at 54 megawatts, enough to power approximately 48,000 homes [5] - In Puerto Rico, over 4,000 customers' batteries provided backup energy during more than 70 energy shortfall events, helping to avoid rolling blackouts [5] - The Texas program, in partnership with Tesla Electric, offers customers an annual payment of $400 per Powerwall, while Sunrun benefits from recurring revenue [5] Group 2: Strategic Importance and Market Position - The CEO highlighted the increasing demand for electricity and the inability of utilities to keep pace, positioning Sunrun as a critical resource for grid support [3] - Sunrun's storage-first approach has led to a 100% year-over-year growth in customer enrollment in power-sharing programs [6] - The company aims to monetize more battery assets and secure additional revenue streams in 2025 [4][6] Group 3: Innovative Programs and Collaborations - Sunrun launched the first bidirectional electric vehicle-to-home VPP in Maryland, utilizing customer-owned Ford F-150 Lightnings [5] - Collaborations with utilities like Orange & Rockland in New York have activated the state's largest residential VPP, enhancing energy supply during peak demand [5] - The company's innovative solutions are designed to democratize access to renewable energy and provide energy security for customers [8]