- In today’s CEO Daily: Diane Brady talks to Sunrun CEO Mary Powell about the future of energy in the U.S.
- The big story: Trump caves on Powell and China
- The markets: Investors love it when the president does a U-turn.
- Analyst notes from Convera on the dollar, JPMorgan on Alphabet, and Oxford Economics on tariff uncertainty.
- Plus: All the news and watercooler chat from Fortune.
Good morning. Sunrun CEO Mary Powell shared an interesting video with me when we met recently after the Los Angeles wildfires. It showed some of her customers talking about having electric power in neighborhoods with outages because they had Sunrun’s solar and home backup storage. The company now has a partnership with Pacific Gas & Electric Company (PG&E) to tap such homes for load relief in neighborhoods with constrained electric grids. But this is a challenging time to be in the renewable energy industry. While solar is being whacked by tariffs, wind power has arguably been especially hard hit as the Trump Administration has made moves such as halting Equinor’s turbine project in New York.
