Sunrun shares jump 19.28% after 16GW distributed energy aggregation pact with Tesla, Renew Home

Sunrun, Tesla and Renew Home said they reached a 16-gigawatt framework agreement to aggregate distributed energy resources, combining home batteries, smart thermostats and electric vehicles to supply dispatchable power for data centers and the grid. The deal requires no new hardware and is designed to be deployed in months, with Virginia already offering 300 megawatts of immediately available capacity. Sunrun shares rose 19.28%, and Tesla was named as a core partner for batteries and energy dispatch.