Sunrun ($RUN) and Tesla ($TSLA) Partner to Support Texas Power Grid Using Solar-Plus-Battery Systems

Green Stock News

Sunrun (NASDAQ: RUN) , a leading provider of clean energy, has expanded its support for the Texas energy grid through a partnership with Tesla Electric, a subsidiary of Tesla (NASDAQ: TSLA). This collaboration has enrolled over 150 Sunrun customers in a program using stored solar energy from home batteries to boost electricity reserves during high consumption periods.

The Electric Reliability Council of Texas (ERCOT) is strengthening the grid through the Aggregated Distributed Energy Resources Task Force, emphasizing the importance of solar-plus-battery systems for energy security. Sunrun and Tesla Electric's partnership allows residents to earn compensation for sharing energy from their Tesla Powerwall batteries to help stabilize the grid.

Participants in this pilot program will enhance grid reliability and lower wholesale energy costs, receiving $400 per Powerwall annually and retaining some stored energy for backup during outages.

Mary Powell, Sunrun CEO stated: “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’s innovative products and solutions are connecting homes to locally-generated, renewable clean energy.

Shares of Sunrun trade on the NASDAQ under the ticker symbol RUN, while shares of Tesla trade on the NASDAQ under the ticker symbol TSLA. For more information, or to sign up for our free daily newsletter, visit www.greenstocknews.com