Sunrun presents 37% growth in networked storage capacity to 5 GWh
RUN•Sunrun said networked storage capacity increased 37% year over year to 5 GWh, with 10 GWh targeted by the end of 2028. Third-quarter aggregate subscriber value was $1.3 billion, down 20% year over year, and cash generation was $56 million excluding $50 million in equipment safe harbor investments.
1. Third-quarter results
Sunrun reported third-quarter 2026 aggregate subscriber value of $1.3 billion, down 20% year over year, and cash generation of $56 million, excluding $50 million in equipment safe harbor investments. Contracted net earning assets totaled $3.7 billion, inclusive of net debt, as of September 30, including $699 million in unrestricted cash.
2. Sales and storage
Direct-channel volumes rose 9% year over year, while affiliate-channel volumes fell approximately 67% amid a strategic shift toward direct sales. Networked storage capacity increased 37% year over year to 5 GWh; Sunrun is targeting 10 GWh by the end of 2028.
