SolarEdge & Sunrun Enter Strategic Agreement

• SolarEdge and Sunrun have announced an expanded strategic supply agreement
• Under this, SolarEdge will supply its next generation PV inverter Energy Hub to Sunrun
• It is targeted for residential customers of Sunrun which the latter said will help drive adoption of more affordable and reliable electricity

Solar PV inverter supplier SolarEdge Technologies, Inc. will supply its next generation PV inverter Energy Hub for American residential solar installer Sunrun's customers, under a strategic agreement reached. This is an expansion of their supply agreement as previously in 2015, Sunrun selected SolarEdge as preferred supplier for module level power electronics.

SolarEdge claims its Energy Hub inverter will support a complete residential energy ecosystem by seamlessly integrating smart energy devices and optimized home energy management.

"We're expanding our new supply agreement with SolarEdge and advancing our shared vision to accelerate the adoption of innovative, smart energy technologies to power a future that runs on the sun," said Lynn Jurich, co-founder and CEO of Sunrun. "Sunrun using the SolarEdge Energy Hub will help drive the adoption of more affordable and reliable electricity, powered by home solar and batteries."

In a brief statement released, the companies said they are focused offering products as smart energy devices, battery storage, EV chargers and other products for home electrification.

Sunrun has expanded its total residential solar energy assets portfolio to over 3 GW with the acquisition of Vivint Solar in October 2020 (see Sunrun's Acquisition Of Vivint Solar Complete).