The companies are combining to create what they called the largest distributed power plant in the country.
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(Bloomberg) -- Sunrun Inc.’s stock jumped as much as 31% after the home solar provider announced it will partner with Tesla Inc. and Renew Home to provide power for data centers and utilities across the US.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallyStocks
Sunrun, Tesla, and Renew Home entered into an agreement to deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities.
The solar-energy company is partnering with home energy platform Renew Home and electric car maker Tesla to power data centers.