Sunrun gains on agreement with Voltus to support AI hyperscaler power demand
BUZZ-Sunrun gains on agreement with Voltus to support AI hyperscaler power demand ** Shares of solar company Sunrun RUN.O up 2.6% at $10.45 premarket
** Co says it will provide energy capacity from a portion of its residential solar-plus-storage systems in the PJM and MISO power markets under an agreement with Voltus
** Adds that Voltus's Bring Your Own Capacity (BYOC) program enables large power users such as AI hyperscalers to bring firm and flexible capacity to support data-center interconnection and grid operations
** Co says home batteries and other distributed energy resources reduce electricity demand when grid operators need additional capacity
** Co says partnership follows a separate Sunrun, Renew Home and Tesla effort to unlock 16.8 GW of flexible capacity from distributed energy resources
** Up to last close, RUN down 44.6% YTD
(Reporting by Varun Sahay in Bengaluru)
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Sunrun gains on agreement with Voltus to support AI hyperscaler power demand
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