Sunrun is crushing Tesla in the market for solar panels that go on your roof. A top exec revealed a key piece of the $2.5 billion company's strategy to widen its lead.
This story requires our BI Prime membership. To read the full article,A little-known rival of Tesla called Sunrun is dominating the rooftop solar industry.
The rooftop solar company Sunrun deployed about 300 megawatts of residential solar panels in the first nine months of last year, according to the company, while Tesla's numbers came in at just 119 MW. The situation was similar in 2018, when Sunrun put in 373 megawatts of panels, and Tesla did 326 MW.
Sunrun is, of course, aware that sweeping blackouts are good for its business. The company sells battery packs that can power a home for days, linked to its solar panels.
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