Sunrun Announces Partnership With Tesla Electric To Support Texas Power Grid Using Residential Solar-Plus-Battery Systems

Author: Benzinga Newsdesk | August 06, 2024 04:34pm
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 of Tesla, Inc. (NASDAQ:TSLA). The partnership has already enrolled more than 150 Sunrun customers in an aggregated power program and will scale up enrollments while dispatching stored solar energy from at-home batteries to rapidly increase available electricity reserves on the grid during periods of high consumption. The ongoing partnership marks Sunrun's first operational aggregated power plant program in the Lone Star State and comes just weeks after Hurricane Beryl caused widespread power outages impacting nearly 3 million homes and businesses. It also comes three years after the state's devastating and deadly power grid meltdown during the winter storm in February 2021. Since both catastrophic events, the Electric Reliability Council of Texas (ERCOT), the state's grid operator, has begun adopting ways to diversify and strengthen the power grid, including through the Aggregated Distributed Energy Resources Task Force.

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