Sunrun news

This follows approval by regulators and stockholders of both companies. With the transaction complete, Sunrun solidifies its position as the leader in home solar and energy services across the United States and a top owner of solar assets globally with more than three gigawatts of solar energy and more thancustomers.

With our compelling services, millions of homeowners will rewire their homes with solar and batteries to enjoy enhanced comfort and affordability. The combined company benefits from broad market reach and differentiated consumer offerings.

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A lower cost structure from greater scale will accelerate the transition away from polluting and unreliable fossil fuels. Sunrun will be a meaningful contributor to a fully renewable and electrified energy system. Our growing fleet of solar homes and batteries will be networked to provide greater benefits to the grid and energy consumers.

Sunrun Buying Rival Vivint for $1.46 Billion

Generating energy at the point it is used reduces the need for dirty energy being produced far away that is increasingly expensive to transmit. Our customers have already and will continue to help shut down inefficient carbon-producing power plants.

Vivint Solar will continue to operate as a Sunrun company for the immediate future and will be integrated into the Sunrun organization over the coming quarters. As previously announced, Vivint Solar stockholders will receive 0. About Sunrun. Sunrun Inc. Founded inSunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost.

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 www. Forward-looking statements generally relate to future events or future financial or operating performance. These risks and uncertainties may be amplified by the ongoing COVID pandemic, which has caused significant economic uncertainty and negative impacts on capital and credit markets.

While all projections are necessarily speculative, Sunrun believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections.

The inclusion of projections in this filing should not be regarded as an indication that Sunrunor its representatives, considered or consider the projections to be a reliable prediction of future events.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. These forward-looking statements represent estimates and assumptions only as of the date made.

Unless required by federal securities laws, Sunrun assumes no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated, to reflect circumstances or events that occur after the statements are made. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Sunrun qualifies all of its forward-looking statements by these cautionary statements.

Market capitalization calculated using the closing price of Sunrun common stock on October 7, multiplied by approximately Enterprise value calculated using the closing price of Sunrun common stock prices on October 7, multiplied by the above mentioned fully diluted share amounts, less cash, plus debt, total lease and pass-through financing obligations, and total minority interests, each as of June 30, Andrew Newbold Sunrun Director of Communications press sunrun.

Log in. E-mail Password Remember Forgot password? Sign up. New member. United States. United Kingdom. Schweiz DE.This is our third annual Impact Report. We are pleased to show improvement from the last two years and will The COVID pandemic is like nothing else in modern history, changing the way the entire world is working, living, and Learn more about Sunrun's new concept demonstrating how clean, distributed energy resources can achieve a smarter, more resilient electricity system In the aftermath Everything is bigger in Texas, and so are the benefits of a solar powered home battery Texans have more choice We talk a lot about solar as a way to combat climate change—and for good reason.

Californians have recently faced frequent and unpredictable blackouts from mandatory utility power shutoffs, like those in Southern California and the Learn more about Sunrun's technical analysis describing the role that distributed energy resources, such as home solar and batteries, can Sunrun is bringing its home solar and Brightbox battery service to more Home Depot Sunrun has hundreds of thousands customers powering their homes with renewable energy each month.

Locate solar services in your state. Find the best home solar plan within your budget today. Solar power is yours for the making. Sunrun creates home solar panel systems that optimize for efficiency, durability, service, and value.

From solar news to smart home energy saving tips, learn how solar is helping thousands save on rising energy costs. As electricity rates are rising the cost of solar panels have never been lower. Switch to home solar and save with Sunrun. Find out more on how to lower your electric bill, how to read your electric bill once you go solar, and which green initiatives your utility is focused on today.

Most Recent. Sunrun Neighborhood Grid Report Learn more about Sunrun's new concept demonstrating how clean, distributed energy resources can achieve a smarter, more resilient electricity system Building A More Resilient Grid Learn more about Sunrun's technical analysis describing the role that distributed energy resources, such as home solar and batteries, can Where's Sunrun Sunrun has hundreds of thousands customers powering their homes with renewable energy each month.

Solar Panels Solar power is yours for the making. Sunrun News From solar news to smart home energy saving tips, learn how solar is helping thousands save on rising energy costs. Cost of Solar As electricity rates are rising the cost of solar panels have never been lower. Utilities Find out more on how to lower your electric bill, how to read your electric bill once you go solar, and which green initiatives your utility is focused on today.On October 8,Sunrun completed the acquisition of Vivint Solar pursuant to the Merger Agreement, pursuant to which Merger Sub merged with and into Vivint Solar, with Vivint Solar continuing as the surviving corporation.

As a result of the Merger, Vivint Solar became a direct wholly owned subsidiary of Sunrun. At the Effective Time, Vivint Solar's equity awards granted under Vivint Solar's equity compensation plans outstanding as of the Effective Time were, except as set forth below, converted into a corresponding award with respect to Sunrun Common Stock, with the number of shares underlying such award and, in the case of stock options, the applicable exercise price adjusted based on the Exchange Ratio.

Certain options to purchase shares of Vivint Solar Common Stock and restricted stock units outstanding as of the Effective Time and held by non-employee directors or current and former employees of Vivint Solar who will not be employed by Sunrun following the closing of the Merger were cancelled and such holders have the right to receive an amount in cash calculated based on the Exchange Ratio.

The Replacement RSU Award will vest in three equal installments, subject to the grantee's continued provision of services to Sunrun or the Surviving Corporationthrough each of 30 days, nine months and 18 months following October 8, The issuance of Sunrun Common Stock in connection with the Merger, as described above, was registered under the Securities Act ofpursuant to Amendment No.

The foregoing summary description of the completion of the Merger does not purport to be complete and is qualified in its entirety by reference to the terms of the Merger Agreement, which was filed as Exhibit 2. As of the Effective Time, the Sunrun board increased the number of directors on the Sunrun board from seven 7 to nine 9 and appointed each of David Bywater designated as a Sunrun Class I director and Ellen S.

Bywater has served as Vivint Solar's chief executive officer since December Bywater also served as Vivint Solar's interim president and chief executive officer from May until his appointment as Vivint Solar's permanent chief executive officer in December of Prior to joining Vivint Solar, Mr. Bywater served as the chief operating officer of Vivint, Inc. Prior to that, Mr. Bywater served as executive vice president and corporate officer for Xerox Corporationand was the chief operating officer of its State Government Services from to July Prior to that, from toMr.

Bywater worked at Affiliated Computer Services.

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From toMr. Bywater holds a B. Bywater has specific attributes that qualify him to serve as a member of the Sunrun board, including his role serving as Vivint Solar's chief executive officer, his experience with the direct-to-home sales model and his experience with public companies.

Smith was executive vice president and chief operations officer at National Grid, USAa multinational power, gas and electricity generation company, from to Smith currently serves on the board of trustees of Union Collegeand she previously served on the board of directors of National Grid USA from to and Granite Services from to Smith has specific attributes that qualify her to serve as a member of the Sunrun board, including her extensive operations and leadership experience in the energy industry.

sunrun news

All of the officers of Vivint Solar ceased serving in their capacity as officers of Vivint Solar, except David Bywater who will remain the chief executive officer of Vivint Solar. David BywaterChief Executive Officer of Vivint Solar, has entered into an offer letter with Sunrun that became effective following the consummation of the Merger.

On October 8,Sunrun issued a press release announcing the consummation of the Merger. A copy of the press release is attached as Exhibit The information required by this item was previously reported in Amendment No. The information required by this item was previously reported in the Form S-4 and, accordingly, is not required to be filed herewith pursuant to General Instruction B. Log in. E-mail Password Remember Forgot password? Sign up.

Sunrun News

New member. United States. United Kingdom. Schweiz DE. Suisse FR.

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Latest News.Sunrun, based in San Francisco, will become the Goliath of rooftop solar at a time when the industry is struggling to sell its services amid the coronavirus. When the top two competitors in any industry join forces, I expect the third-place player to be listening to sad music and feeling generally glum. But this is different because the third-place company is Tesla, a business that mainly sells cars and has the resources to be a much larger player in rooftop solar if it can figure out how to revitalize that side of the company.

But Tesla is not simply a rival for the new, super-sized Sunrun. Vivint, founded in and based near Salt Lake City, became a solar leader through the use of door-to-door sales and an emphasis on leasing its products. Leasing has the advantage of lower upfront costs, which expands the pool of customers who can afford solar. Sunrun, founded inalso has relied on leasing, but it has not used door-to-door sales to the extent that Vivint has. The two companies have grown to cover nearly every state that has a large market for rooftop solar.

They now operate in 22 states, Washington, D. There is lots of room to grow. As Sunrun notes in the news release announcing the deal, rooftop solar has only reached about 3 percent of U. Enjoy exceptional comfort from the closing bell. Musk has mocked short sellers and vowed to prove them wrong in their view of the company.

Toyota sold The global sales leader was Volkswagen, with On July 1, the California Energy Commission held a virtual workshop to inform the public about the current status of offshore wind in California and solicit feedback on proposed sites near Morro Bay. The physical landscape is challenging, with a deep sea floor that requires the construction of floating wind turbines as opposed to turbines that can be bolted to the sea bottom in shallower waters. And most of the federal waters off of California with wind speeds suitable for turbines are part of national marine sanctuaries.

BOEM previously identified three small areas along the California coast, each located about 20 miles offshore, that are not automatically disqualified by limitations on wind speed and water depth or by sanctuary status. Since then, a working group of state and federal officials has identified three other possible areas for development near or partly overlapping with the initially proposed area of the Morro Bay site.

The farther offshore that turbines are sited, the smaller their environmental and human impacts are expected to be. Several public comments, submitted after the workshop, expressed concerns about the visibility of the turbines from shore. One commenter equated offshore wind in the Big Sur region with installing a solar farm on the pyramids at Giza.

Officials will need to approve sites for development before beginning the evaluation process for the projects themselves. Developers are much deeper into work on projects along the East Coast, but offshore wind on the West Coast may be worth the wait. The National Renewable Energy Laboratory found substantial potential for offshore wind energy and jobs in the region. Dan Gearino covers the U.

sunrun news

This column is published as a collaboration between the Bay Area News Group and InsideClimate News, a nonprofit, independent news organization that covers climate, energy and the environment. Business Technology News News Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources. Inside Clean Energy: Sunrun and Vivint form new solar Goliath, leaving Tesla to play David The joining of the two companies could reshape the industry.

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sunrun news

Post was not sent - check your email addresses! Sorry, your blog cannot share posts by email.Washington, D. FORM 8-K. Pursuant to Section 13 or 15 d. Date of Report Date of earliest event reported. October 1, Sunrun Inc. Exact name of registrant as specified in its charter. State or other jurisdiction. File Number. Identification No. San Francisco, California Address of principal executive offices, including zip code. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions see General Instruction A.

Securities registered pursuant to Section 12 b of the Act:.

SUNRUN INC.

Title of Each Class. Symbol s. Name of Each Exchange. Common Stock, par value. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 a of the Exchange Act. Submission of Matters to a Vote of Security Holders. At a virtual special meeting of the stockholders of Sunrun Inc.

The final voting results regarding each proposal are set forth below. Proposal 1: Approval of the Sunrun Share Issuance. The Sunrun share issuance proposal was approved by the Sunrun stockholders by the votes set forth in the table below:.

Broker Non-Votes. The Sunrun adjournment proposal was approved by Sunrun stockholders by the votes set forth in the table below:. Because the Sunrun share issuance proposal was approved, it was unnecessary to adjourn the Sunrun virtual special meeting for the purpose of soliciting additional proxies. Forward-Looking Statements. Forward-looking statements generally relate to future events or future financial or operating performance.

These risks and uncertainties may be amplified by the ongoing COVID pandemic, which has caused significant economic uncertainty and negative impacts on capital and credit markets. Unless required by federal securities laws, Sunrun and Vivint Solar assume no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated, to reflect circumstances or events that occur after the statements are made.Learn more about Sunrun's technical analysis describing the role that distributed energy resourc.

This week, Sunrun pledged to install at least megawatts of solar on affordable housing during the next decade in California. Sunrun will support solar power installations for low-income families, job training, volunteerism, and provide a philanthropic donation.

Lynn Jurich, CEO and Co-Founder of Sunrun, says it would have been "inexcusable" to sit on the sidelines knowing she had power to help. Companies like Tesla and Sunrun provided solar power and storage systems, helping critical buildings like hospitals and fire stations power up independent of the main electric grid.

Sunrun has hundreds of thousands customers powering their homes with renewable energy each month. Locate solar services in your state. Find the best home solar plan within your budget today. Solar power is yours for the making.

Sunrun creates home solar panel systems that optimize for efficiency, durability, service, and value. From solar news to smart home energy saving tips, learn how solar is helping thousands save on rising energy costs. As electricity rates are rising the cost of solar panels have never been lower.

Switch to home solar and save with Sunrun. Find out more on how to lower your electric bill, how to read your electric bill once you go solar, and which green initiatives your utility is focused on today. In the News. Building A More Resilient Grid Learn more about Sunrun's technical analysis describing the role that distributed energy resourc.

Sunrun Commits to Affordable, Clean Energy for All This week, Sunrun pledged to install at least megawatts of solar on affordable housing during the next decade in California. Sunrun Expands Partnership With GRID Alternatives Sunrun will support solar power installations for low-income families, job training, volunteerism, and provide a philanthropic donation.

Where's Sunrun Sunrun has hundreds of thousands customers powering their homes with renewable energy each month. Solar Panels Solar power is yours for the making. Sunrun News From solar news to smart home energy saving tips, learn how solar is helping thousands save on rising energy costs. Cost of Solar As electricity rates are rising the cost of solar panels have never been lower. Utilities Find out more on how to lower your electric bill, how to read your electric bill once you go solar, and which green initiatives your utility is focused on today.This follows approval by regulators and stockholders of both companies.

With the transaction complete, Sunrun solidifies its position as the leader in home solar and energy services across the United States and a top owner of solar assets globally with more than three gigawatts of solar energy and more thancustomers.

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With our compelling services, millions of homeowners will rewire their homes with solar and batteries to enjoy enhanced comfort and affordability.

The combined company benefits from broad market reach and differentiated consumer offerings. A lower cost structure from greater scale will accelerate the transition away from polluting and unreliable fossil fuels. Sunrun will be a meaningful contributor to a fully renewable and electrified energy system. Our growing fleet of solar homes and batteries will be networked to provide greater benefits to the grid and energy consumers.

Sunrun Inc. (RUN)

Generating energy at the point it is used reduces the need for dirty energy being produced far away that is increasingly expensive to transmit. Our customers have already and will continue to help shut down inefficient carbon-producing power plants. Vivint Solar will continue to operate as a Sunrun company for the immediate future and will be integrated into the Sunrun organization over the coming quarters. As previously announced, Vivint Solar stockholders will receive 0.

Sunrun Inc. Founded inSunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. 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 www. Forward-looking statements generally relate to future events or future financial or operating performance.

These risks and uncertainties may be amplified by the ongoing COVID pandemic, which has caused significant economic uncertainty and negative impacts on capital and credit markets. While all projections are necessarily speculative, Sunrun believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation.

The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections.

The inclusion of projections in this filing should not be regarded as an indication that Sunrun, or its representatives, considered or consider the projections to be a reliable prediction of future events.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. These forward-looking statements represent estimates and assumptions only as of the date made.

Unless required by federal securities laws, Sunrun assumes no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated, to reflect circumstances or events that occur after the statements are made.


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