Sunnova Energy provides clean energy solutions primarily through solar power and energy storage systems for homeowners and businesses. Their adaptive energy platform allows customers to access reliable and affordable renewable energy options. Sunnova generates revenue by offering long-term service agreements and financing options, making it easier for clients to adopt solar energy. Unlike many competitors, Sunnova focuses on promoting energy independence, helping customers reduce their reliance on traditional energy grids. The company's goal is to enhance the accessibility of clean energy and encourage the widespread use of sustainable energy alternatives.

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Energy Capital Partners

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Sunnova Energy

Sunnova Energy International, Inc. has appointed Eric M. Williams as its new Executive Vice President and Chief Financial Officer.

Sunnova Energy Names Eric Williams New CFO

GLENDALE, Calif., July 30, 2024 /PRNewswire/ -- Finturf will collaborate with Sunnova, a leading adaptive energy services company and provider of sustainable energy solutions, to expand Finturf's already robust network of lenders, emphasizing energy-efficient financing options for a variety of home improvement projects.With Sunnova joining Finturf's financing network, homeowners will have access to specialized financing for HVAC systems, roofing, generators, EV chargers, and electrical panel upgrades. Sunnova's financing options range from $500 to $250,000, offering flexible terms from 12 months to 25 years and competitive APRs starting as low as 0%."Joining with Finturf advances our mission to make clean energy solutions accessible to more homeowners," said Greg Fry, Vice President of Business Development and Channel Sales at Sunnova. "Finturf's cutting-edge platform enhances the customer experience and simplifies financing, empowering contractors to grow their businesses while helping families adopt energy-efficient solutions."With this collaboration, homeowners can now access financing for energy-efficient upgrades, making sustainable living more attainable and affordable."Sunnova's addition represents a significant milestone in advancing sustainable home improvement financing," said Stephen Pool, VP of Partnerships at Finturf. "By integrating Sunnova's energy-efficient financing options into our network, we're empowering homeowners to pursue eco-friendly projects with ease and confidence."About FinturfFinturf provides contractors with a multi-lender point-of-sale (POS) solution that simplifies and expands financing opportunities for their clients. By leveraging our reputable financing network, we offer a broad spectrum of funding options, increasing the chances of approval for borrowers.Our platform is tailored to enhance contractors' revenue streams and drive business success. With a focus on innovation and empowerment, Finturf turns payment transactions into opportunities for business growth and client satisfaction.About SunnovaSunnova Energy International Inc

Finturf Joins With Sunnova To Expand Financing To Sustainable Home Improvements

For instance, Sunnova recently introduced its "virtual power plant" product, which enables residential customers to send stored power back to the grid during peak demand periods.

Why Solar Stocks First Solar, SunPower, and Sunnova Rocketed Higher Today

This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter.Dive Brief:Sunnova Energy International is expanding access to its virtual power plant network across seven states and territories where its customers can currently earn compensation for grid services, it said in a news release Wednesday.Participating grid services programs include the Sunnova Power Grid Protect and Emergency Load Reduction programs in California, the Battery Storage Rewards program in New York, the ConnectedSolutions program in New England, the Sunnova Flex Power program in Puerto Rico and the Adaptive Retail Energy plan in Texas.Sunnova’s expansion will “enable customers to rapidly access stored battery power during periods of peak demand [and] in some cases send excess power back to the electrical grid,” reducing blackout risk, the company said.Dive Insight:Tripling VPP capacity by 2030 could reduce grid costs by about $10 billion annually while meeting 10% to 20% of peak electricity demand, according to a DOE report released last year.Current U.S. VPP capacity is 30 GW to 60 GW, the DOE said. Sunnova’s 419,000 customers account for about 1 GWh of storage capacity, which “will go a long way in supporting struggling grids [and] decarbonizing our energy systems,” Sunnova CEO John Berger said in the release.Since its debut in November, Sunnova’s 10-MWh Puerto Rico VPP has “helped prevent five grid outages that could have potentially impacted several hundred thousand homes on the island,” the company said.Sunnova’s Puerto Rico VPP achieved those results with “more than 1,000 customers,” the company said. But Sunnova had “over 52,000 solar and storage customers, totaling an installed storage capacity of 800 MWh” as of last November, the company said in a news release at the time, suggesting its impact could be far greater with more customers enrolled.Story continues“Virtual power plants are far from virtual,” Sunnova Executive Vice President of Regulatory and Government Affairs Meghan Nutting told Utility Dive in an email. “These are … real energy sources being dispatched akin to traditional centralized power plants, except that they are situated on rooftops.”Puerto Rico VPP participants can receive up to $1,000 for a single-battery installation during the first year the program is active on the island, depending on the system size and how frequently the battery is dispatched, the company said in November

Sunnova Expands Virtual Power Plant Accessibility In 6 States And Puerto Rico

In addition, Sunnova has partnered with the Penobscot Nation to install a half megawatt battery energy storage system to bolster the resilience of Maine's electrical grid, aiming to provide reliable power for the tribe's community and commerce facilities during grid disruptions.

Sunnova Energy's CFO Eric Michael Williams buys $49,680 in stock

While First Solar has outpaced the broader markets in the past decade, Sunnova Energy (NOVA) has failed to deliver since its IPO in July 2019.

First Solar vs. Sunnova: Which Solar Stock is a Better Buy This October?

This hit SunPower harder than its competitors like Sunnova and Sunrun, Price said, because SunPower was "more heavily reliant on solar financing from loans versus third party options that include leases and PPAs."

SunPower's bankruptcy does not imply similar fates for its competitors, analyst says

"By collaborating with Sunnova, an industry-leading energy services company with national reach, GoodWe is expanding and simplifying access to its products across the U.S. as market demand is on the rise and EPCs are looking for cost-effective and competitive solutions to grow and scale their businesses."

GoodWe U.S. inverter on Sunnova's approved vendor list

Beginning in 2021, Sunnova introduced SunSafe(R) solar and battery storage services in 100 Home Depot stores across hurricane-prone regions like Florida, Virginia, and Maryland.

South Africa Opens Third Bid Window For Battery Energy Storage Projects

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, announced today that it has entered a strategic partnership with The Home Depot whereby Sunnova will now be the sole provider of solar and battery storage services in The Home Depot stores across the United States and its territories. This groundbreaking agreement will provide consumers with access to the Sunnova Adaptive Home™ energy offerings in over 2,000 Home Depot stores. “We are thrilled to become the exclusive provider for home solar and battery storage services for The Home Depot, a company that shares our commitment to providing an unparalleled customer experience,” said Michael Grasso, Executive Vice President, Chief Revenue Officer at Sunnova. "Our goal is to make clean, affordable and reliable energy services more accessible to everyone. As utility rates continue to skyrocket across the country, weather patterns worsen, and remote work becomes more prevalent, the need for resilient, affordable, and dependable power at the home is non-negotiable

Sunnova Selected As Exclusive National Solar And Battery Storage Services Provider For The Home Depot, Bringing Solar And Battery Storage To Homeowners Nationwide

Provides solar energy solutions and storage

Sunnova Energy

Provides solar energy solutions and storage

Sunnova Energy

Provides solar energy solutions and storage

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