Clean Energy

Sunrun (NASDAQ: RUN) priced its fourteenth securitization since 2015, totaling $431 million in notes. The deal includes $331 million of Class A-1 Notes and $100 million of Class A-2 Notes. The Class A Notes offer a 6.15% coupon. This is backed by 63,318 systems across 12 states and Washington D.C., with a customer base averaging a FICO score of 757. The transaction is expected to close around July 30, 2025, demonstrating continued investor confidence in Sunrun’s solar assets.

Venture capitalist Zhu Xiaohu, known as a “unicorn hunter,” shared his experience of three missed opportunities to invest in CATL, the battery giant. He instead invested $70 million in Boston Power, which failed to commercialize its advanced technology, resulting in significant losses. Zhu now emphasizes the importance of commercial viability and a holistic investment approach, warning against solely focusing on technological advancement.

PG&E Corporation appointed utility industry veteran John O. Larsen to its Board of Directors following shareholder approval. Larsen, former CEO of Alliant Energy, brings 36 years of experience, including leadership in renewable energy expansion and grid modernization through initiatives like the Clean Energy Blueprint. His appointment reinforces PG&E’s focus on safety, infrastructure resilience, and customer-centric innovation as California accelerates decarbonization. Board Chair Kerry W. Cooper highlighted Larsen’s operational expertise and sustainable energy transition leadership. Larsen expressed commitment to advancing PG&E’s climate-resilient grid goals under CEO Patti Poppe. He will join PG&E’s Safety and Compensation committees, leveraging governance experience from roles at industry organizations. PG&E serves 16 million customers, prioritizing wildfire safety and grid upgrades.