{"id":384993,"date":"2020-11-19T08:33:13","date_gmt":"2020-11-19T13:33:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384993"},"modified":"2020-11-19T08:33:13","modified_gmt":"2020-11-19T13:33:13","slug":"sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/","title":{"rendered":"Sunrun Signs Virtual Power Plant Agreement With Southern California Edison"},"content":{"rendered":"<h2>\nThousands of Sunrun Brightbox home solar-powered battery systems to provide 5 MW of new energy capacity by 2023<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">SAN FRANCISCO, Nov.  19, 2020  (GLOBE NEWSWIRE) &#8212; Sunrun (NASDAQ: RUN), the leading provider of residential solar, battery storage and energy services, today announced that it has contracted with one of the largest electric utilities in the United States, Southern California Edison (SCE), to increase grid resilience and lower power costs. SCE will send signals to Sunrun during high-demand events such as extreme heat waves when the energy grid is strained. In response, Sunrun will dispatch energy from thousands of its Brightbox solar-powered battery systems installed in the SCE territory, providing five megawatts (MW) of energy capacity to help support the overall energy system. The same solar-powered home batteries will also provide reliable backup power to these households if the power goes out.<\/p>\n<p>\u201cThe need for a more resilient grid and backup power could not be more apparent in California at this moment in history,\u201d said Lynn Jurich, Sunrun\u2019s Chief Executive Officer and co-founder. \u201cSunrun\u2019s contract with SCE will provide affordable, clean, reliable energy solutions for California\u2019s grid, as well as help individuals take control of their energy future.\u201d<\/p>\n<p>The Sunrun-SCE contract will participate in California Independent System Operator\u2019s (CAISO) Resource Adequacy (RA) program, which ensures efficient and reliable operation of California\u2019s grid. By bundling the power from these batteries together to create a \u201cvirtual power plant\u201d, Sunrun will release stored solar energy to the grid when it\u2019s needed most, lowering the overall cost of power and reducing critical strain on the energy system. At least 10% of the RA capacity will be provided from Brightbox systems installed on low-to-moderate income households, helping ensure everyone can benefit from clean, affordable, and reliable home energy.<\/p>\n<p>Sunrun will soon begin reaching out to customers to participate in this program and will start installations at the end of 2020, with plans for all installations to be completed by August 2023. This new contract with SCE extends a decade with fixed pricing and provides Sunrun incremental recurring revenue from providing virtual power plant services to the grid. SCE customers interested in participating in the program can purchase or lease a Sunrun Brightbox home solar-powered battery system for no up-front cost and low monthly payments. Homeowners can learn more at <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SzRiLoD8jHcWmeWkr3-b6ExNfsGUhjehsVpLNLgp4-9zaL1uRUE-qhrraW5VeWPnXzOmLVXdA_Jz72zf1arbAw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sunrun.com<\/a><\/u>.<\/p>\n<p>\n        <strong>About Sunrun<br \/><\/strong>Sunrun Inc. (Nasdaq: RUN) is the nation\u2019s leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun\u2019s innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. For more information, please visit <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SzRiLoD8jHcWmeWkr3-b6PX_6FiUMfXYH3jVnhhJoagUg1-WuaWT8VdQS7_hMAELBv9rud_z42zvjC5kBu35mw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sunrun.com<\/a><\/u>.<\/p>\n<p>\n        <strong>Sunrun Contact:<\/strong><br \/>\n        <br \/>Wyatt Semanek<br \/>Public Relations Manager<br \/>press@sunrun.com<br \/>(480) 751-9286<\/p>\n<p>\n        <strong>Sunrun Investor &amp; Analyst Contact:<\/strong><br \/>\n        <br \/>Patrick Jobin<br \/>Vice President, Finance &amp; Investor Relations<br \/>investors@sunrun.com<br \/>(415) 373-5206\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTAxNCMzODM1MjIzIzIwMTc1NDU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9059f3ed-3c02-43cd-8ead-e1c38ee14da5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thousands of Sunrun Brightbox home solar-powered battery systems to provide 5 MW of new energy capacity by 2023 SAN FRANCISCO, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; Sunrun (NASDAQ: RUN), the leading provider of residential solar, battery storage and energy services, today announced that it has contracted with one of the largest electric utilities in the United States, Southern California Edison (SCE), to increase grid resilience and lower power costs. SCE will send signals to Sunrun during high-demand events such as extreme heat waves when the energy grid is strained. In response, Sunrun will dispatch energy from thousands of its Brightbox solar-powered battery systems installed in the SCE territory, providing five megawatts (MW) of energy capacity to help support the overall &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sunrun Signs Virtual Power Plant Agreement With Southern California Edison&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384993","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sunrun Signs Virtual Power Plant Agreement With Southern California Edison - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunrun Signs Virtual Power Plant Agreement With Southern California Edison - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Thousands of Sunrun Brightbox home solar-powered battery systems to provide 5 MW of new energy capacity by 2023 SAN FRANCISCO, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; Sunrun (NASDAQ: RUN), the leading provider of residential solar, battery storage and energy services, today announced that it has contracted with one of the largest electric utilities in the United States, Southern California Edison (SCE), to increase grid resilience and lower power costs. SCE will send signals to Sunrun during high-demand events such as extreme heat waves when the energy grid is strained. In response, Sunrun will dispatch energy from thousands of its Brightbox solar-powered battery systems installed in the SCE territory, providing five megawatts (MW) of energy capacity to help support the overall &hellip; Continue reading &quot;Sunrun Signs Virtual Power Plant Agreement With Southern California Edison&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-19T13:33:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTAxNCMzODM1MjIzIzIwMTc1NDU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sunrun Signs Virtual Power Plant Agreement With Southern California Edison\",\"datePublished\":\"2020-11-19T13:33:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\\\/\"},\"wordCount\":514,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4OTAxNCMzODM1MjIzIzIwMTc1NDU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\\\/\",\"name\":\"Sunrun Signs Virtual Power Plant Agreement With Southern California Edison - 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SCE will send signals to Sunrun during high-demand events such as extreme heat waves when the energy grid is strained. In response, Sunrun will dispatch energy from thousands of its Brightbox solar-powered battery systems installed in the SCE territory, providing five megawatts (MW) of energy capacity to help support the overall &hellip; Continue reading \"Sunrun Signs Virtual Power Plant Agreement With Southern California Edison\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-19T13:33:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTAxNCMzODM1MjIzIzIwMTc1NDU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Sunrun Signs Virtual Power Plant Agreement With Southern California Edison","datePublished":"2020-11-19T13:33:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/"},"wordCount":514,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTAxNCMzODM1MjIzIzIwMTc1NDU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sunrun-signs-virtual-power-plant-agreement-with-southern-california-edison\/","name":"Sunrun Signs Virtual Power Plant Agreement With Southern California Edison - 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