tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sunrun, BGE activated first residential vehicle-to-grid power plant

Sunrun (RUN) has activated the nation’s first residential vehicle-to-grid distributed power plant in partnership with Maryland’s largest utility, Baltimore Gas and Electric Company, BGE, a subsidiary of Exelon (EXC). The pilot program is dispatching energy from customers’ all-electric Ford F-150 Lightning trucks to the grid during periods of peak demand this summer and fall. “This demonstrates the critical role that vehicle batteries can play in powering the nation’s grid, accelerating American energy independence and dominance. It’s great to see our partnership with BGE and Ford move to this commercial stage,” said Sunrun CEO Mary Powell. “In addition to showing how electric vehicles can power homes, add electrons to the grid, and help utilities meet peak electricity demand, this program also creates extra income opportunities for customers.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1