Sunrun and PG&E Dispatch Energy from Northern California Homes to Form Distributed Power Plants Providing Local Grid Relief

Rhea-AI Summary

Sunrun (Nasdaq: RUN) completed a distributed power plant pilot with PG&E that enrolled more than 1,000 residential storage-plus-solar customers to supply targeted local grid relief. The program dispatched over 1,200 hours across July–October 2025, achieved ~99% dispatch accuracy, and paid customers $150 per battery.

Sunrun says the initiative aimed to help PG&E avoid or defer distribution upgrades while generating savings for utility customers and supporting California load-shifting goals.

Positive

• Enrollment: Expanded from 600 to >1,000 customers during enrollment
• Dispatch hours: More than 1,200 dispatching hours July–Oct 2025
• Dispatch accuracy: Nearly 99% of events delivered correct location/time
• Customer incentive: $150 paid per battery for participation
• Scale: Company reports >217,000 residential battery systems nationwide

Negative

• None.

Key Figures

Program customers: More than 1,000 customers Dispatch events: More than 50 dispatches Dispatching hours: More than 1,200 hours +5 more

8 metrics

Program customers More than 1,000 customers Sunrun storage-plus-solar systems in PG&E Local PeakShift Power program

Dispatch events More than 50 dispatches July–October 2025 period when local demand neared capacity

Dispatching hours More than 1,200 hours Total dispatching time for PG&E Local PeakShift Power program

Dispatch accuracy Nearly 99% of events Events sending electricity to correct location at correct time

Customer incentive $150 per battery Payment to Sunrun customers enrolled in Local PeakShift Power

Initial enrollment 600 customers Initial program size before PG&E expanded participation

Residential battery systems 217,000 systems Sunrun residential battery systems across the United States

Constrained locations More than two dozen Constrained power lines and substations in PG&E service area

Market Reality Check

Price: $20.10 Vol: Volume 6,193,552 is below...

normal vol

$20.10 Last Close

Volume Volume 6,193,552 is below the 20-day average of 8,180,187, suggesting muted pre-news positioning. normal

Technical Shares at $19.99 are trading above the 200-day MA of $15.36 and about 10.9% below the 52-week high.

Peers on Argus

RUN was down 1.43% pre-news while key solar peers were mixed: ENPH, SEDG, and CS...

RUN was down 1.43% pre-news while key solar peers were mixed: ENPH, SEDG, and CSIQ were positive, whereas NXT and ARRY declined, pointing to more stock-specific than sector-driven pressure.

Historical Context

5 past events · Latest: Feb 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 03	Grid programs expansion	Positive	+1.5%	Reported large 2025 ramp in distributed power plant customers and dispatch volume.
Jan 28	Earnings date set	Neutral	+3.3%	Announced timing of Q4 and full-year 2025 earnings release and call.
Jan 06	Financing joint venture	Positive	-0.1%	Closed up to <b>$500M</b> JV with HASI to fund distributed energy assets.
Nov 13	Leadership recognition	Positive	-2.9%	Earned multiple No. 1 rankings in 2025 Extel All‑America Executive Team survey.
Nov 06	Board appointment	Positive	-0.8%	Added experienced renewable energy executive Craig Cornelius to Sunrun’s board.

Pattern Detected

Positive strategic and management news has sometimes seen mixed or negative next-day price reactions, indicating inconsistent alignment between upbeat headlines and stock performance.

Recent Company History

Over the past several months, Sunrun highlighted growth in distributed power plants, including scaling to 106,000 participants and 18 GWh dispatched, announced an upcoming Q4/FY 2025 earnings release, and entered a $500 million joint venture to finance distributed assets. The company also received executive leadership accolades and added an experienced renewable energy leader to its board. Today’s PG&E partnership update reinforces this broader strategy around distributed, grid-supporting home batteries.

Market Pulse Summary

This announcement highlights Sunrun’s execution in turning residential batteries into local grid res...

Analysis

This announcement highlights Sunrun’s execution in turning residential batteries into local grid resources. The PG&E program dispatched more than 50 times over 1,200 hours, expanded from 600 to over 1,000 customers, and achieved nearly 99% dispatch accuracy. Together with earlier scale metrics and financing initiatives, it underscores Sunrun’s focus on grid services and non‑wires alternatives, while leaving questions around long-term profitability and capital deployment for upcoming earnings to clarify.

Key Terms

distributed power plant, machine learning, distributed energy resources

3 terms

distributed power plant technical

"first-of-its-kind distributed power plant partnership with Pacific Gas and Electric"

A distributed power plant is a group of small electricity sources—like rooftop solar, batteries, or small turbines—spread across different locations but coordinated to act like one larger power station. For investors, it matters because this approach can lower transmission costs, increase resilience and flexibility, and create new revenue streams from selling power or grid services; think of many neighborhood generators pooling output like a team instead of a lone player.

machine learning technical

"Each location received different instructions based on machine learning, forecasted weather"

Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.

distributed energy resources technical

"we already knew that distributed energy resources could help meet systemwide peak"

Small, local sources and devices that generate, store or manage electricity near where it’s used—examples include rooftop solar panels, batteries, electric vehicles, smart thermostats and backup generators. They matter to investors because they reshape how power is produced, sold and paid for: they can lower costs, create new revenue streams, change regulation and require grid upgrades, so they affect company profits, risk profiles and growth opportunities much like dozens of small engines changing how a single factory runs.

AI-generated analysis. Not financial advice.

Coordinated residential battery storage and solar systems supplied targeted power to neighborhoods with highly-constrained electric grids

SAN FRANCISCO and OAKLAND, Calif., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, has completed a successful dispatching season of a first-of-its-kind distributed power plant partnership with Pacific Gas and Electric Company (PG&E). More than 1,000 Sunrun customers’ storage-plus-solar systems exported energy to alleviate local grid constraints, with the goal of helping PG&E avoid or defer distribution upgrades while generating net savings for all utility customers.

“Sunrun’s groundbreaking program with PG&E shows that distributed power plants can help communities avoid the high cost of adding more poles and wires to accommodate load growth,” said Sunrun CEO Mary Powell. “We saw time and time again that our customers’ batteries delivered location-specific load relief with high precision and consistent performance. Only Sunrun has this ability to quickly scale both large and bespoke distributed power plant programs with a variety of offtakers.”

Sunrun’s Local PeakShift Power distributed power plant is part of PG&E’s Seasonal Aggregation of Versatile Energy (SAVE) program. After testing from April to June 2025, the distributed power plant dispatched more than 50 times from July through October 2025, when local demand neared system capacity, totaling more than 1,200 dispatching hours. Sunrun customers with storage-plus-solar systems who live near or are connected to more than two dozen constrained power lines and substations in PG&E’s service area were enrolled in the program.

“Being able to provide energy to my local neighborhood just makes a lot of sense,” said Sunrun customer Tom Weldon, whose San Jose home sits near a constrained power line. “When heat waves arrive, we know that our batteries are going to help out when the grid is stressed. It’s something I feel really good about.”

A post-season program evaluation report by Demand Side Analytics found that Sunrun’s battery groupings closely followed PG&E’s dispatching instructions and kept electrical loads below the operating limits at all of the power lines and substations. Each location received different instructions based on machine learning, forecasted weather, and daily distribution system load forecasts. The batteries demonstrated a high degree of dispatch predictability and consistency—sending electricity to the correct location at the correct time during nearly 99% of events.

“Going into this project, we already knew that distributed energy resources could help meet systemwide peak electricity demand and put broad downward pressure on peak prices,” Powell added. “This program demonstrated that dispatching home batteries can also be a targeted tool to help avoid costly upgrades on the distribution network.”

“Working with partners like Sunrun is a win for our customers, our electric grid and California as a whole. This program shows how customers can help improve local grid reliability as we support the state’s growing need for energy,” said Patti Poppe, CEO of PG&E Corporation.

Due to customer interest, PG&E expanded Sunrun’s initial participation in the program from 600 customers to more than 1,000 during the enrollment period. Sunrun customers enrolled in Local PeakShift Power received $150 per battery for sharing their stored solar energy with their communities, while Sunrun was compensated for coordinating the battery dispatches. Sunrun’s collaboration with PG&E supports the development of long-term programs to meet the California Energy Commission’s load-shifting goals while also enhancing local reliability.

With more than 217,000 residential battery systems across the country, Sunrun can support both non-wires alternative types of distribution and system-wide distributed power plant programs. Sunrun’s grid services platform and subscription model allow for flexibility when it comes to enrolling customers in different programs in order to achieve the highest value for the company, its customers, and the grid.

About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lower energy costs. Learn more at www.sunrun.com.

About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news

Media Contact
Wyatt Semanek
Director, Corporate Communications
press@sunrun.com

Investor & Analyst Contact
Patrick Jobin
SVP, Deputy CFO & Investor Relations Officer
investors@sunrun.com

FAQ

What did Sunrun announce about its distributed power plant partnership with PG&E (RUN) on February 24, 2026?

Sunrun announced completion of a pilot dispatch program that sent stored solar energy to constrained neighborhoods. According to Sunrun, more than 1,000 customers participated and the program aimed to help PG&E avoid or defer local distribution upgrades while delivering net savings to utility customers.

How many Sunrun (RUN) customers participated in the PG&E Local PeakShift Power program and what were they paid?

More than 1,000 Sunrun customers were enrolled after expansion from an initial 600. According to Sunrun, enrolled customers received $150 per battery for sharing stored solar energy with their communities during the program.

How well did Sunrun (RUN) batteries perform during the PG&E dispatching season in 2025?

The batteries demonstrated high predictability and consistency, meeting commands in nearly 99% of events. According to Sunrun, groupings followed PG&E dispatch instructions and kept loads below operating limits across targeted lines and substations.

When did Sunrun (RUN) dispatch energy for the PG&E program and how many hours did it run?

After testing April–June 2025, the distributed power plant dispatched more than 50 times from July through October 2025. According to Sunrun, those operations totaled over 1,200 dispatching hours when local demand neared system capacity.

What does Sunrun’s (RUN) pilot with PG&E mean for local grid upgrades and investor consideration?

The program demonstrated a targeted non-wires alternative that can help avoid or defer distribution upgrades in constrained areas. According to Sunrun, coordinating home batteries delivered localized load relief and could support broader load-shifting objectives in California.