Program will utilize the collective power
of solar-plus-battery storage systems during times of peak
demand
IRVING,
Texas, Sept. 11, 2024 /PRNewswire/ -- Vistra
(NYSE: VST) today announced a new program for
homeowners in partnership with Sunrun (Nasdaq: RUN) to support
grid reliability for Texans. Through Vistra's flagship retail
electricity brand, TXU Energy, the TXU Energy & Sunrun Battery
Rewards program will aggregate power stored in residential,
solar-connected batteries, forming a virtual power plant to
dispatch energy back to the grid when it's needed the most.
TXU Energy customers who opt into the program and have installed
Sunrun home solar panels and batteries will receive financial
incentives for their participation while retaining control of their
systems during power outages or severe weather conditions. These
customers can also continue to benefit from TXU Energy's solar
buyback plans, which credit solar energy system owners for the
electricity they add to the grid.
"Since we introduced solar net metering to Texans 15 years
ago, rooftop solar has seen significant growth, marked by over
$10 million in solar buyback
credits paid to our customers last year alone," said Sam Sen, Vistra's vice president of energy
transition solutions. "With the growing population and increasing
demand on the grid, harnessing the collective power of home solar
panels and batteries is an important expansion of our distributed
energy initiatives."
In partnership with TXU Energy, Sunrun will network customers'
batteries together and seamlessly manage the discharging of stored
solar power to the grid.
With one million customers and more than 116,000 installed
storage systems, Sunrun has a proven track record of incentivizing
customers to support local power grids. Sunrun operates more than a
dozen power plants across the country, including the largest
single-owner virtual power plant program.
"We are excited to partner with Vistra to bring Sunrun's virtual
power plant expertise to Texas,"
said Sunrun CEO Mary Powell.
"Pairing residential batteries with solar is a smart choice in the
Lone Star State and this program makes the decision even more
financially rewarding. Our customers take pride in self-generation
and sharing their energy with their community to help the overall
power grid."
Vistra has pioneered energy-efficiency initiatives such as the
first-to-Texas connected
thermostat solution and the popular TXU Energy Free Nights and
Solar Days plan. With this program, Vistra continues to give
customers innovative ways to control their energy usage and
participate in a responsible energy transition.
For more information about the TXU Energy & Sunrun Battery
Rewards program, please visit txu.com.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail
electricity and power generation company that provides essential
resources to customers, businesses, and communities from
California to Maine. Based in Irving, Texas, Vistra is a leader in the energy
transformation with an unyielding focus on reliability,
affordability, and sustainability. The company safely operates a
reliable, efficient, power generation fleet of natural gas,
nuclear, coal, solar, and battery energy storage facilities while
taking an innovative, customer-centric approach to its retail
business. Learn more at vistracorp.com.
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SOURCE Vistra Corp
