Sunrun CEO Mary Powell Named to the 2026 TIME100 Climate List of Most Influential Leaders In Climate

(NASDAQ:RUN) Sunrun announced that CEO Mary Powell has been named to the 2026 TIME100 Climate list in the “Titan” category, recognizing leaders inspiring greater ambition and action on climate. This is the second time Powell has been recognized by TIME as one of the world’s most influential business leaders. TIME highlighted Sunrun’s historic battery dispatches in the previous month, where 120,000 customer home batteries delivered a record amount of power to California’s grid during a heat wave. These dispatch events provided critical flexibility and capacity to the state’s power system during peak demand, reducing reliance on fossil-fuel power plants and putting downward pressure on real-time energy prices. Under Powell’s leadership, Sunrun has doubled its customer base over five years, growing from approximately 600,000 to more than 1.2 million customers. Powell led a strategic shift to a storage-first business model, scaling installed battery systems from 23,000 to more than 284,000, representing over 5 gigawatt hours of dispatchable capacity. From 2022 through 2025, Sunrun customers’ solar energy systems generated approximately 28.2 billion kilowatt hours of solar energy. This generation helped avoid approximately 15 million metric tons of carbon emissions from entering the atmosphere. Sunrun now operates the nation’s largest distributed power plant, with more than 164,000 households enrolled in programs that dispatch stored energy to the grid. Powell’s leadership has earned her additional accolades, including the 2026 CNBC Changemakers list, the 2024 Forbes 50 Sustainability Leaders list, Utility Dive’s 2019 Utility Executive of the Year, Fast Company’s 100 Most Creative People and Fast 50 Leaders in America lists, and the Rachel Carson Award for environmental impact. Sunrun is described as America’s largest provider of home battery storage, solar, and home-to-grid power plants. The company pioneered home energy systems offered through a no-upfront-cost subscription model. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs.

Sunrun and SPAN Expand Partnership to Accelerate Distributed Edge Computing

(NASDAQ:RUN) Sunrun Inc. and SPAN announced an expansion of their partnership to accelerate AI compute capacity by integrating home energy systems with distributed compute infrastructure. Sunrun will provide home solar and battery storage to power SPAN's XFRA distributed data center solution, increasing deployed compute capacity. The partnership leverages Sunrun's home energy products, financing, installation, and service network with SPAN's XFRA distributed compute node and orchestration capabilities to deliver a scalable, low-cost, low-latency compute solution that can be deployed faster than traditional data centers. Sunrun CEO Mary Powell stated that the partnership ensures customers benefit directly from participating in the distributed AI solution, unlocking new economic value for both customers and Sunrun, and addressing speed-to-power constraints for AI deployment. SPAN and Sunrun will collaborate with leading homebuilders to begin deployments in new construction residential communities in Texas and other specified markets, enabling distributed AI infrastructure to be built into communities from the ground up. Sunrun's battery-plus-solar systems will provide reliable electricity for both homes and XFRA compute nodes, while preventing overloading of local distribution infrastructure and allowing SPAN to maximize node deployment. Arch Rao, founder and CEO of SPAN, said that teaming up with Sunrun addresses power generation and transmission constraints, enabling a significant increase in XFRA compute node penetration and delivering cost-effective AI compute capacity at unprecedented speed while reducing compute costs for certain AI applications. Each host customer will receive a smart electrical panel paired with a multi-battery storage and solar system through a pre-paid lease, at no cost to the builder or homeowner and without increasing the purchase price of the home. Customers will also receive whole-home backup power and ongoing compensation for hosting the XFRA compute node. SPAN's XFRA platform uses liquid-cooled NVIDIA GPUs managed through the XFRA Secure Orchestration Layer, which schedules AI workloads based on latency requirements and real-time energy availability at each home. Sunrun will also enroll the home batteries in its grid service programs, expanding its distributed power plant fleet. Sunrun and SPAN together offer the only end-to-end platform for residential AI compute, combining the largest residential energy platform with XFRA's distributed compute network to bring distributed compute capacity online at the speed and scale required for the AI buildout.

Sunrun and Tesla Dispatch 580 Megawatts To California’s Grid During Heat Wave, Marking Largest Residential Distributed Power Plant Event In History

(NASDAQ:RUN) Sunrun and (NASDAQ:TSLA) Tesla announced that their combined fleets of home batteries dispatched more than 580 megawatts of peak power to California’s grid on the evening of September 9, 2026. This event marked the largest distributed power plant dispatch on record, with enough capacity to power all households in Sacramento County during peak hours. The dispatch was conducted at the request of the California Energy Commission and utilities, in response to high temperatures, elevated electricity demand, and increased wholesale energy rates. Sunrun and Tesla coordinated 580 megawatts of residential battery capacity, including 517 megawatts from Tesla Powerwalls and 63 megawatts from additional batteries. A total of 110,000 Powerwalls participated, with 55% owned and operated by Sunrun. Sunrun also dispatched more than 30,000 batteries from other manufacturers. The event was coordinated through the California Energy Commission’s Demand Side Grid Support (DSGS) program and the California Public Utilities Commission’s Emergency Load Reduction Program (ELRP). The DSGS dispatch was triggered by the California Independent System Operator’s day-ahead locational marginal price exceeding $200 per megawatt-hour. The ELRP dispatch was called by Pacific Gas and Electric Company for batteries in its territory. On September 10, 2026, Southern California Edison requested a three-hour dispatch, during which Sunrun and Tesla delivered more than 140 megawatts of battery capacity to the grid. If the September 9 and 10 events had occurred on the same night, Sunrun and Tesla could have delivered over 720 megawatts in a single dispatch. A report by The Brattle Group, commissioned by Sunrun and Tesla, found that such programs could provide up to $206 million in net cost savings to Californians by 2028. Participants in these programs receive direct compensation for the power they share with the grid. Sunrun, Tesla, and Renew Home are working to unlock more than 16.8 gigawatts of flexible capacity for hyperscalers and utilities from home batteries, solar, smart thermostats, and EVs. Earlier this month, the three companies announced plans to enroll nearly 21,000 existing flexible energy devices into a new, Google-funded distributed power plant with PG&E, expected to begin supporting the grid as early as this fall. Sunrun CEO Mary Powell stated that Sunrun’s distributed home batteries are operating at a scale larger than many peaker power plants combined and emphasized the benefits of distributed energy for both individual households and the broader grid.

Sunrun Prices $267 Million Securitization of Residential Solar and Storage Assets

(NASDAQ:RUN) Sunrun announced it has priced a $267 million public securitization of leases and power purchase agreements, marking its seventeenth securitization since 2015 and second issuance in 2026. The securitization involves refinancing a seasoned portfolio of residential solar assets and was structured with one class of A- rated notes (Class A Notes) and one class of BB- rated notes (Class B Notes), with the Class B Notes retained by Sunrun. The $267 million Class A Notes were marketed in a public asset backed securitization, priced with a coupon of 6.28%, a spread of 200 basis points, and a 6.33% yield. The initial balance of the Class A Notes represents a 74.2% advance rate on ADSAB (present value using a 7.5% discount rate), with an expected weighted average life of 4.94 years, an Optional Redemption Date of July 30, 2035, and a final maturity date of January 30, 2054. The notes are backed by a diversified portfolio of 37,595 systems distributed across 42 utility service territories in 13 states, with a weighted average customer FICO of 756. The transaction is expected to close by the end of August. BofA Securities was the sole structuring agent and served as joint bookrunner with Citigroup, Morgan Stanley, and RBC Capital Markets, while KeyBanc Capital Markets and First Citizens Capital Securities served as co-managers.

Sunrun Prices $584 million Securitization of Residential Solar and Storage Assets

Sunrun (NASDAQ:RUN) announced the pricing of its sixteenth securitization since 2015 and its first issuance in 2026, totaling $584 million. The transaction includes $234 million in Class A-1 Notes and $350 million in Class A-2 Notes, with the Class A Notes priced at a 6.30% coupon and a 220 basis point credit spread, a 20 basis point improvement over previous deals. The notes are backed by 38,706 systems across 76 utility service territories in 19 states, Washington D.C., and Puerto Rico, with a weighted average customer FICO of 744. The transaction is expected to close in early May and reflects strong demand for Sunrun's solar and storage assets.