August 06, 2024 at 9:37 am - by Ashlee Vogenthaler

Yee-Haw! Sunrun (RUN) and Tesla (TSLA) Partner to Support Texas Power Grid with Solar Battery Technology

06 August 2024

New York, August 6, 2024 - PRISM MarketView - Clean energy provider, Sunrun (RUN) and retail electricity provider, Tesla Electric which is operated by Tesla Energy Ventures LLC, a subsidiary of Tesla, Inc. (TSLA) have partnered to support the Texas power grid using residential Solar-Plus-Battery Systems.

Sunrun Inc. - Prism MarketView

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Sunrun and Tesla Partner to Support Texas Power Grid Using Residential Solar-Plus-Battery Systems

Sunrun partners with retail electricity provider Tesla Electric to create a customer-driven power plant in Texas using customers’ solar-plus-battery systemsSAN FRANCISCO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, announced today that it has expanded its support for the energy grid in Texas with a partnership with Tesla Electric, a retail electricity provider operated by Tesla Energy Ventures LLC, a subsidiary

The ongoing partnership represents Sunrun’s inaugural operational aggregated power plant program in Texas. It comes only weeks after Hurricane Beryl caused extensive power outages affecting nearly 3 million homes and businesses, and three years following the severe and fatal power grid collapse during the winter storm in February 2021. In response to these catastrophic events, the Electric Reliability Council of Texas (ERCOT), the state’s grid operator, has initiated efforts to diversify and fortify the power grid, including the establishment of the Aggregated Distributed Energy Resources Task Force.

“Texas grid has already experienced a traumatic spring and summer due to weather vulnerabilities and we know the state also needs more power to meet soaring demand on a daily basis. We’re eager to bring Sunrun’s on-demand battery response expertise to help make the grid more resilient against outages. Texas families are increasingly opting to add batteries to their solar installations. On-site energy storage not only provides homeowners peace of mind with outage protection but also enables them to participate in programs like these by contributing to solutions that better the lives of those in their communities.”

Sunrun CEO Mary Powell

Sunrun participates in the PRISM New Energy Index.

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