Residential solar PV company Sunrun and utility National Grid form strategic partnership

The residential solar PV program initially targets approximately 100,000 single family homes in National Grid's downstate New York service area
The residential solar PV program initially targets approximately 100,000 single family homes in National Grid's downstate New York service area

Sunrun Inc. (San Francisco, CA, U.S.), a dedicated residential solar photovoltaic (PV) company, and National Grid PLC, one of the largest international investor-owned utilities, on January 10th, 2017 announced a multifaceted partnership that underscores the long-term importance of rooftop solar PV in the energy resource mix.

The partnership includes a joint marketing agreement, a collaborative grid services pilot, and a direct investment by National Grid in Sunrun rooftop solar PV systems.

“We are excited to partner with National Grid, a utility focused on truly creating a clean energy future, and to promote the growth of rooftop solar in the United States,” said Lynn Jurich, Chief Executive Officer of Sunrun.

The joint marketing agreement will leverage both companies’ strong brands, with the goal of accelerating the adoption of rooftop solar in a cost-effective, highly scalable way.

The program initially targets approximately 100,000 single family homes in National Grid's downstate New York service area.

Sunrun and National Grid also announced a partnership to own approximately 200 MW of residential solar assets across all of Sunrun’s markets.

National Grid has committed USD 100 million in equity to this partnership.

 

2017-01-11 | Courtesy: Sunrun | solarserver.com © Heindl Server GmbH

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