Sunrun

Sunrun Inc. is a leading provider of residential solar energy systems in the United States, specializing in the design, development, installation, ownership, and maintenance of solar power solutions. Founded in 2007 and headquartered in San Francisco, California, the company offers a unique solar service model that allows homeowners to pay for the electricity generated by the solar systems rather than purchasing the panels outright. This approach enables customers to benefit from lower, locked-in electricity rates while Sunrun maintains and monitors the systems. Operating in twelve states, Sunrun installs solar systems at a rapid pace, averaging one installation every ten minutes. The company utilizes a direct-to-consumer marketing strategy complemented by partnerships with various solar and strategic entities. In addition to solar energy systems, Sunrun also provides battery storage solutions and sells solar products such as panels and racking. With a workforce of over 3,000 employees, Sunrun continues to lead the residential solar market by prioritizing customer savings and sustainable energy solutions.

Edward Fenster

Executive Chairman

Scott Sarem

VP of Multifamily

2 past transactions

Lunar Energy

Venture Round in 2022
Lunar Energy, founded in 2020, is dedicated to transitioning homes to 100% clean energy. The company designs and engineers innovative clean energy products, including home battery systems and an energy management software platform, aimed at electrifying homes and enhancing community resilience through virtual power plants. By providing installation services and optimizing energy use, Lunar Energy helps homeowners maximize the value of their energy while contributing to a greener electricity supply and cleaner air. The company’s mission is to create a comprehensive ecosystem of all-electric products that ensure safe, secure, and reliable energy for all.

Vivint Solar

Acquisition in 2020
Vivint, Inc. is a provider of home security, energy management, home automation, and Internet solutions, serving over 1.7 million customers in the United States and Canada. Established in 2006 and headquartered in Provo, Utah, the company offers a range of products including control systems, smoke alarms, security devices such as smart locks and outdoor cameras, and water sensors. Vivint also provides professional installation and monitoring services, along with personal cloud storage solutions. Its mobile application allows homeowners to manage their smart home systems remotely. The company operates as a subsidiary of APX Group Holdings, Inc., emphasizing its commitment to enhancing the home experience through intelligent products and dedicated customer support.
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