Sunrun

WTW deepens talent with addition of three strategic hires, CRB NA

Retrieved on: 
Monday, March 4, 2024
CRB, CPA, Boy Scouts of America, Private equity, WTW, Sunrun, Assistant, Pennsylvania State University, Harvard University, University School, Sylvan Gotshal, Government, Natural Resources, Coterra, University, Bar association, Rădulescu, Private sector, IRS, Associate, LLP, Texas A&M University, Head, IVD, Insurance

The addition of Daniel Kesack deepens WTW’s contingent risk practice, bringing technical intellectual property expertise to the contingent risk solutions group.

Key Points: 
  • The addition of Daniel Kesack deepens WTW’s contingent risk practice, bringing technical intellectual property expertise to the contingent risk solutions group.
  • Steven Kolos brings deep transactional legal experience to the team, in addition to industry experience with Natural Resources, which aligns with the Industry Vertical Division (IVD) within Corporate Risk & Broking, North America, (CRB NA), WTW.
  • Kesack joins WTW from the Woodsford Group, Limited, where he served as the lead underwriter for the intellectual property litigation investigation team.
  • He joins WTW, Corporate Risk & Broking, North America, (CRB NA) from Kinder Morgan, Inc., where he most recently served as Assistant General Counsel.

25.75% CAGR Growth in the Virtual Power Plant Market from 2023 to 2028 due to the increase in the integration of renewable energy sources - Technavio

Retrieved on: 
Tuesday, January 30, 2024
RWE, Artificial intelligence, Wind, AMI, VPP, ENGIE, Primary energy, PG&E, Sunrun, Generator, Tesla, Inc., Communication, Growth, Generac, Carbon, SCE, ABB, RWE AG, USD, Duke Energy, Machine learning, Smart, Plant, Schneider Electric, Internet of things, Renewable energy

An increase in the integration of renewable energy sources is the key factor driving growth.

Key Points: 
  • An increase in the integration of renewable energy sources is the key factor driving growth.
  • Virtual power plants (VPPs) play a crucial role in addressing the intermittent nature of renewable energy sources like solar and wind power.
  • The global market is expected to grow rapidly during the forecast period due to the increase in the integration of renewable energy sources.
  • The turbine oil market size is forecast to increase by USD 630.89 million, at a CAGR of 8% between 2023 and 2028.

Solar Stocks Back on Watch List as Lower Interest Rates and Global Push for Clean Energy Revive Bullish Sentiment

Retrieved on: 
Tuesday, December 26, 2023
Cboe Global Markets, Array, COP28, ATI Technologies, Attention, EPS, CBOE, Wind, Acquisition, Solar energy, Jefferies, Environment, United, News, Sunrun, SinglePoint, Adjustment, OTCQB, Engineering, Series, Growth, Investment, IPO, NXT, United Nations, EV, Renewable energy

Analysts are seeing bullish signs for the solar sector and a possible turn-around as interest rates lower.

Key Points: 
  • Analysts are seeing bullish signs for the solar sector and a possible turn-around as interest rates lower.
  • Jefferies analyst Dushyant Ailani moved solar stocks to the upside with his recent buy ratings on First Solar, Inc.,Enphase Energy, Inc. and Sunrun Inc.
    Other analysts are in agreement.
  • On December 15, 2023, the shares commenced trading on the BZX Exchange, a division of Cboe Global Markets, under the ticker symbol "SING."
  • Falling interest rates have not only pushed the market higher, they could make renewable energy companies more profitable in 2024."

Leap Surpasses 175,000 Meters and 1 GW on Virtual Power Plant Platform

Retrieved on: 
Tuesday, December 5, 2023
Technology, Other Energy, Utilities, Other Technology, Telecommunications, Software, Alternative Energy, Networks, Energy, Internet, SolarEdge, Entrepreneurship, Commercial, VPP, Multimedia, Solar System, Partnership, EV, Sim Van der Ryn, Renewable energy, Nuvve Nuvve, LEAP, Sunrun

Leap , the leading virtual power plant (VPP) platform, announced today it has surpassed 175,000 customer meters and 1 GW of customer load authorized on its platform, representing energy resources from over 75 technology partner companies.

Key Points: 
  • Leap , the leading virtual power plant (VPP) platform, announced today it has surpassed 175,000 customer meters and 1 GW of customer load authorized on its platform, representing energy resources from over 75 technology partner companies.
  • View the full release here: https://www.businesswire.com/news/home/20231205054202/en/
    Leap has surpassed 175,000 customer meters and 1 GW of customer load authorized on its platform, representing energy resources from over 75 technology partner companies.
  • (Graphic: Business Wire)
    Leading energy technology companies such as SolarEdge, Generac, EnergyHub , Sunrun and Nuvve partner with Leap to aggregate and monetize their energy assets as virtual power plants (VPPs).
  • “Our Leap partnership boosts savings for solar system owners and furthers SolarEdge’s leadership in the smart energy transformation.”

Energy Industry Veteran Alex Thornton Joins Linux Foundation Energy as Executive Director to Drive Next Phase of Decarbonizing Energy Systems Through Open Source

Retrieved on: 
Tuesday, December 12, 2023
Bodhi, Linux Foundation, Carbon, SAN, Interim, Breast cancer, Ecosystem, Solar energy, Pennsylvania State University, Sunrun, LF Energy, Network, Management, Enlightenment in Buddhism

SAN FRANCISCO, Dec. 12, 2023 /PRNewswire/ -- LF Energy, the open source foundation focused on harnessing the power of collaborative software and hardware technologies to decarbonize our global economies, is pleased to announce Alex Thornton has joined the foundation as Executive Director.

Key Points: 
  • We can strengthen the impact the community is having on energy systems and decarbonization globally.
  • LF Energy was founded by Dr. Shuli Goodman in 2018, who served as Executive Director until her passing in early 2023 following a battle with breast cancer.
  • Arpit Joshipura, the Linux Foundation's General Manager of Networking and Orchestration, served as Interim Executive Director prior to Thornton's appointment.
  • By growing the foundation's membership amongst all energy stakeholders while expanding our ecosystem of hosted open source energy projects, we can strengthen the impact the community is having on energy systems and decarbonization globally."

ExxonMobil, Tesla, and Sunrun Among Most Shorted Stocks in October, Finds Hazeltree Shortside Crowdedness Report

Retrieved on: 
Wednesday, November 8, 2023
Data Analytics, Asset Management, Professional Services, Finance, NEL, AB, Sunrun, Rivian, ExxonMobil, Apple, IA Financial Group, Fisker Inc., Cryptocurrency, Credit

The report is a monthly listing of the top 10 shorted securities in the Americas, EMEA, and APAC regions in the large-, mid-, and small-cap ranges.

Key Points: 
  • The report is a monthly listing of the top 10 shorted securities in the Americas, EMEA, and APAC regions in the large-, mid-, and small-cap ranges.
  • During the month of October, the electric vehicle sector continued its hold in the report, while solar grew its position, with several stocks among the 10 most shorted in their categories based on their Hazeltree crowdedness score.
  • In the small-cap category, Sunrun Inc was the most crowded security (99), with Sunnova Energy a close second (95).
  • To view Hazeltree’s October Shortside Crowdedness Report and past reports, click here .

Sunrun Provides Affordable Housing Community with Clean Energy Savings and Price Stability

Retrieved on: 
Tuesday, November 7, 2023
Housing, History, Public utility, City, Environment, Inflation Reduction Act of 2022, Partnership, Inflation, Asset management, SAN, Built environment, Renewable energy, Sunrun, Knoll Farm

The project was made possible through the California Public Utilities Commission’s SOMAH (Solar on Multifamily Affordable Housing) program and the Inflation Reduction Act.

Key Points: 
  • The project was made possible through the California Public Utilities Commission’s SOMAH (Solar on Multifamily Affordable Housing) program and the Inflation Reduction Act.
  • “Everyone deserves access to affordable, abundant, and predictably priced clean energy," said Sunrun CEO Mary Powell.
  • “Sunrun is dedicated to advancing energy equity, which is particularly impactful for lower-income communities and renters that value energy security and stability.
  • “Solar takes the variable risk of energy inflation out of the equation for affordable housing developments.”
    “The Knolls Apartment community has a history of providing dependable and affordable housing for families in the City of Orange,” said Jonathan Russo, Senior Asset Manager for the Foundation for Affordable Housing.

Sunrun Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023
Asset, Solar energy, Vivint Solar, Solar System, PG, ITC, Acquisition, CockroachDB, Tesla Energy, Customer, Artificial intelligence, Growth, Revenue stream, Machine learning, Head, A-1, CO2, PG&E, Generation, SAN, Renewable energy, Reinsurance, Airline, Mobile phone, Video game, Subscription business model, Q2, Sunrun, Q3

Customers grew 19% in the third quarter of 2023 compared to the third quarter of 2022.

Key Points: 
  • Customers grew 19% in the third quarter of 2023 compared to the third quarter of 2022.
  • Total revenue was $563.2 million in the third quarter of 2023, down $68.7 million, or 11%, from the third quarter of 2022.
  • During the third quarter of 2023, Sunrun recorded a non-cash goodwill impairment charge of approximately $1.2 billion.
  • Sunrun is hosting a conference call for analysts and investors to discuss its third quarter 2023 results and business outlook at 2:00 p.m. Pacific Time today, November 1, 2023.

Sunrun Launches Premium Add-On Storage Offering In California, Maximizing the Value of Solar Energy

Retrieved on: 
Wednesday, November 1, 2023
PG&E, Pacific Gas and Electric Company, Solar energy, PG, Wi-Fi, The Electric Company, Air conditioning, Partnership, State, Golden State, SAN, Renewable energy, Electric battery, Sunrun

With storage, solar customers can power through outages, capture additional value from their existing home solar installation and enhance grid reliability in their communities.

Key Points: 
  • With storage, solar customers can power through outages, capture additional value from their existing home solar installation and enhance grid reliability in their communities.
  • Homeowners are finding that they get the most benefits by combining rooftop solar with on-site storage.
  • “Even when the sun sets, more Sunrun customers will be able to harness their own clean solar energy and save money,” said Sunrun CEO Mary Powell.
  • But now, our batteries will act like a time machine and let us shift that solar energy to the evenings.

Ten Oaks Group Bolsters Sourcing Team with Additional Investment Professionals

Retrieved on: 
Tuesday, October 31, 2023
Constellation, Knowledge, Constellation Software, Goldman Sachs, Toronto-Dominion Bank, BlackRock, Georgetown University, Business, Ten Oaks, University, MBA, McDonough School of Business, NYU, Software, Wharton School of the University of Pennsylvania, New York University Stern School of Business, Methodist University, Southern Methodist University, Accounting, TD, Widener University Commonwealth Law School, Queen's University, Dong-a University, ARCH Venture Partners, Management, Sunrun

CHARLOTTE, N.C., Oct. 31, 2023 /PRNewswire/ -- Ten Oaks Group, a family office exclusively focused on investing in corporate divestitures, proudly announces the addition of four Investment Leads into its sourcing team.

Key Points: 
  • CHARLOTTE, N.C., Oct. 31, 2023 /PRNewswire/ -- Ten Oaks Group, a family office exclusively focused on investing in corporate divestitures, proudly announces the addition of four Investment Leads into its sourcing team.
  • Minsik Hong, formerly a Venture Partner at Global Millennial Capital, has an extensive background in data driven B2B software investment and strategic sourcing from his time at Mann+Hummel GmbH.
  • His unique background and language skills have opened the door for Ten Oaks to expand its focus on Asian market penetration.
  • His experience in investment sourcing and capital raising, as well as his work at Sunrun and BlackRock's Special Opportunities Group, position him as a valuable addition to the team.