Through an exclusive partnership with Pacific Gas and Electric Company, PG&E (PCG), Sunrun (RUN) quickly reached maximum enrollment and energy capacity goals of 7,500 new and existing residential solar-plus-storage systems and 30 megawatts in the Energy Efficiency Summer Reliability Program, also known as Peak Power Rewards. Due to very strong interest, the program quickly expanded to 8,500 customers and 34 megawatts, respectively. “As we make significant progress in fortifying the grid and fostering partnerships with energy providers like PG&E, home storage networked into distributed power plants emerge as invaluable assets,” said Mary Powell, CEO of Sunrun. “This program extension plays a unique and positive role in enhancing our state’s electric grid, reinforcing our commitment to empowering customers and communities with greater energy resilience and energy security to consumers, in a time where outages have become increasingly more common.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RUN:
- Sunrun (NASDAQ:RUN) Shines Bright on Surprise Q2 Profit
- Sunrun Reports Second Quarter 2023 Financial Results
- Is RUN a Buy, Before Earnings?
- Potential climate disaster could hit the stock market, economist warns — Here are 2 stocks that fight for a greener future
- Unusually active option classes on open July 28th