On June 24, the share price of Sunrun surged by 31% within 90 minutes after the market opened, with trading volume reaching 52.6 million shares — nearly 5 times the average daily level of the past three months. This rally was triggered by a framework agreement in which Sunrun, in partnership with Tesla and Renew Home, announced the three parties will aggregate more than 16GW of distributed flexible capacity to market to AI data center operators and power utilities. 16GW is roughly equivalent to the installed capacity of 12 nuclear power plants each with a 1,000,000-kilowatt output. This capacity is scattered across millions of households nationwide, including rooftop photovoltaic panels, Tesla Powerwall home batteries, smart thermostats, and Cybertrucks. Virtual power plants (VPPs) have been operational in the U.S. for several years, but their clients have historically been limited to power utilities and grid dispatch agencies; this time, the buyer has changed to AI data centers. Sunrun is the largest residential solar service provider in the United States, with over 251,000 cumulative solar-storage systems installed as of the first quarter of 2026, a networked energy storage capacity of 4.3GWh, and over 1.1 million household customers. Tesla contributes its installed base of Powerwall units and vehicle-to-grid (V2G) capabilities. Renew Home, formed from the merger of Google Nest's Nest Renew and OhmConnect