Sunrun (RUN) earlier announced the launch of a distributed AI compute pilot program. The pilot marks Sunrun’s first step into distributed edge computing, a new business category that the company believes represents a high-margin revenue opportunity leveraging its existing energy infrastructure, large customer base, and grid service capabilities. Following a successful proof of concept that demonstrated revenue generation and high demand for distributed compute, Sunrun is expanding the pilot to place numerous compute nodes in homes equipped with Sunrun solar and battery storage systems. “AI companies are scrambling to secure greater access to energy and computing power,” said Sunrun President and Chief Revenue Officer Paul Dickson. Sunrun shares are up 5.3% ahead of the market open.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RUN:
- Charged: Tesla reports better than expected Q2 deliveries
- Trump Trade: Proposed U.S. ban would target Chinese energy inverters
- Proposed U.S. ban would target Chinese energy inverters, Reuters reports
- Charged: Sunrun, Tesla in pact to deliver power for data centers
- Sunrun’s Tesla-Backed Virtual Power Plant Deal Validates Storage-First Strategy; Buy/High Risk Rating and $20 Price Target Reiterated
