Sunrun Inc. and LG Chem, are launching a partnership for the U.S. residential solar market, in which Sunrun will offer LG Chem’s lithium-ion RESU batteries through Sunrun BrightBox solar-plus-storage systems.
LG Chem’s lithium-ion batteries have a track record of performance success in the electric vehicle market and offer durability at an affordable price point. LG Chem is the world’s largest automotive battery supplier, counting 16 of the top 29 global automakers as partners.
“The energy storage market is advancing at a breakneck pace. At Sunrun, we are enabling a home energy management service that integrates rooftop solar generation with onsite energy storage to offer greater energy choice and savings to our customers while helping to modernize the grid,” said Chief Marketing Officer Michael Grasso. “We’re thrilled to offer LG Chem’s best-in-class battery technology to homeowners. The partnership with LG Chem supports our financing advantage, enabling our customers to install solar plus energy storage for little to no money down.”
What is the Sunrun BrightBox?
Sunrun BrightBox combines solar generation with energy storage giving consumers new ways to manage their energy. In Hawaii, Sunrun BrightBox is giving consumers the ability to self-supply their own energy day and night. In the future, Sunrun BrightBox will allow consumers with time-of-use tariffs to time shift when they use solar energy to minimize paying peak rate energy prices.
BrightBox will also allow customers the ability to have access to power when grid power isn’t available. Sunrun and their installation partners take care of everything from permitting to installation so customers can go solar hassle-free. BrightBox is currently available in Hawaii to customers as an affordable monthly or prepaid lease for little to no money down or as a direct cash or loan purchase. All customers need to think about is how much money they’ll be saving. More states will be announced in the coming months.
Sunrun will also make LG Chem’s battery solution available to the entire solar energy industry through its subsidiary AEE Solar, the leading nationwide distributor of solar products.