SunRun, a top national solar company, was one of the recipients. The company owns, installs, and maintains home solar panels so customers don’t need to invest thousands of dollars in them. They also lock in low solar electricity rates for 20 years, protected from unpredictable utility rate increases. SunRun says it installs more than$1 million in solar every day.
“We invented a way for homeowners to get clean power without having to pay big upfront costs, and this recognition acknowledges our leadership in solar finance, service, and customer careâ€, said SunRun CEO and co-founder Edward Fenster.
The Challenge has produced nearly 5,000 submissions from a community of 74,000 innovators since its phase one launch in July 2010. Through phase two’s “Powering Your Home,” GE and its venture capital partners will invest $63 million in and develop commercial partnerships with ten innovative home energy technology companies. SunRun is the only organization among these companies that focuses on photovoltaic home solar.
The other renewable energy company was GMZ Energy, a Waltham, MA-based outfit. Its technology can turn waste heat into power to be used in air conditioning, heat pumping and solar thermal energy conversion.
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