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Wajeeh Khan

RUN Stock Pops as Sunrun Teams Up With Tesla, Renew Home on Data Centers

RUN Sunrun Tesla Inc. PJM

Sunrun (RUN) shares soared on Wednesday after the residential solar firm announced a framework agreement with Tesla (TSLA) and Renew Home to aggregate more than 16 GW of flexible energy capacity for hyperscalers and utilities.

The partnership pools hundreds of thousands of home battery systems operated by RUN and TSLA with more than 8 million smart thermostats and devices managed by Renew Home — creating what the companies describe as the country’s largest distributed power plant.

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