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Company profile for Sunnova Energy International Inc.
Sunnova Energy International Inc. is a leading provider of residential energy services in the United States. Established in 2012 and headquartered in Houston, Texas, Sunnova provides residential customers with access to clean, affordable and reliable solar energy, utilizing a network of local installers. Sunnova offers customers the choice of owning or leasing a solar energy system, and provides operations and maintenance, monitoring, repairs, replacements, equipment upgrades and on-site power optimization.
As of December 31, 2021, Sunnova had a fleet of over 195,000 residential solar energy systems with a generation capacity of approximately 1,140 megawatts. Sunnova’s customers are located across the country, with a particularly strong presence in states with solar-friendly policies such as California, New Jersey, Arizona and Nevada. The company has rapidly expanded its customer base since its inception and it is now a major provider of residential energy services in the United States.
Sunnova has made a significant effort to invest in cutting-edge solar technologies, such as battery storage, to help customers reduce energy costs. The company has also made strategic acquisitions to expand its reach in the residential solar energy market. Sunnova’s acquisition of Verengo Solar in 2017 allowed it to enter the California market, while its acquisition of Direct Solar America in 2018 enabled it to expand its presence in the Midwest.
Sunnova has also worked to increase its environmental stewardship and is committed to reducing its carbon footprint by leveraging green energy technologies. Sunnova has joined the U.S. Department of Energy’s Better Buildings Initiative and has committed to reducing the energy consumption of its solar customers by 20%, and pledges to purchase the renewable energy credits associated with the electricity generated by the solar systems it owns or leases. In addition, the company has joined the Solar Energy Industries Association’s Solar Pledge and is actively engaged in working to make solar energy more accessible and affordable to residential customers.