Sunnova Powers 30,000 Solar Customers + Storage After Hurricane Fiona | New

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HOUSTON–(BUSINESS WIRE)–October 25, 2022–

Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. energy-as-a-service (EaaS) provider, announced that it is powering the homes of more than 30,000 customers with solar and battery storage in Puerto Rico in the aftermath of Hurricane Fiona, from September 18 to October 1, 2022, when the centralized monopoly power system was damaged and unable to provide electricity to the population from Puerto Rico.

In the approximately two weeks immediately following the hurricane, when most people in Puerto Rico were without power, Sunnova SunSafe ® + solar storage systems generated a total of nearly 2 GWh of energy. During this period, Sunnova provided 3.4 million hours of cumulative backup power for solar + storage customers in Puerto Rico, with an average of 128 hours of electricity generated per household. Sunnova customers enjoyed an average of 5.3 days of solar power + battery backup, with many residents remaining dependent on their Sunnova system for more than 10 days.

“We are proud of our long history and commitment to Puerto Rico, which includes investing over $1 billion to build residential solar and storage systems on the island. This investment has helped 30,000 customers keep the lights on and their families safe,” said John Berger, CEO of Sunnova. “We believe this demonstrates that in the event of an emergency, a solar + storage system offers homeowners the peace of mind that comes with generating and storing their own electricity. As the largest provider of residential solar energy distributed on the island, Sunnova is committed to providing Puerto Ricans with clean, resilient and affordable energy services, backed by the best service in the industry.

“Of our more than 30,000 Sunnova SunSafe® systems in Puerto Rico, only 59 required repair within two weeks of the hurricane, and Sunnova immediately dispatched crews to repair or replace non-performing systems, whether they were leased or owned,” said Michael Grasso, Sunnova’s director of marketing and growth. “Looking forward, we see an opportunity for distributed energy to play a bigger role in Puerto Rico by networking our solar + storage systems into powerful virtual power plants that would complement the centralized power system and increase resilience. of the network.”

Sunnova has been active in Puerto Rico since 2013 and has the largest presence on the island with over 38,000 customers and growing rapidly. Sunnova has deployed nearly 40,000 batteries in Puerto Rico and has a 100% battery fixation rate since 2018. Sunnova provides long-term security for Puerto Rican homeowners with its Sunnova Protect® Energy Guarantee for 25 years of worry-free service that includes maintenance, monitoring. , repairs and replacements.

Forward-looking statements:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “will”, “could”, “intend”, “target”, “project”, “consider”, “believe”, “estimate”, “predict”, “potential” or “continue” or the negative of these words or other similar terms or expressions that relate to Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the future performance of Sunnova systems and the implementation of future programs to increase network resiliency. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability predict our business due to our limited operating history. , the effects of the coronavirus pandemic on our business and operations, our results of operations and financial condition, our competition, changes in regulations applicable to our business, fluctuations in the solar energy and residential construction, availability of capital, supply chain uncertainty, our ability to attract and retain dealers and customers and our relationships with dealers and strategic partners. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those described in greater detail in Sunnova’s filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and our subsequent quarterly reports on Form 10-Q. The forward-looking statements contained in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements except as required by law.

About Sunnova

Sunnova Energy International Inc. (NYSE: NOVA) is a leading U.S. energy-as-a-service (EaaS) provider with customers across the United States and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to provide energy independence so homeowners have the freedom to live an uninterrupted life®. For more information, please visit sunnova.com.

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KEYWORD: TEXAS CARIBBEAN PUERTO RICO UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: NATURAL DISASTERS ALTERNATIVE ENERGIES ENERGIES ENVIRONMENT OTHER ENERGIES

SOURCE: Sunnova Energy International Inc.

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PUBLISHED: 10/25/2022 08:00 AM / DISK: 10/25/2022 08:03 AM

http://www.businesswire.com/news/home/20221025005317/en

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