Sunnova partners with Brinks Home Security to bundle solar, security systems – Houston Chronicle

“What it really gives Brinks is another way to monetize their customer base, and for us it creates the potential of new customers,” Berger said. “This company is really built on partnerships — it’s part of our DNA. More and more companies are recognizing the energy transition is accelerating dramatically, and we see much higher growth across the industry than everyone thinks it will be in the next year.”

The announced partnership follows ADT’s acquisition of Sunpro, which installs and maintains solar panels on homes and commercial properties for about $825 million on Monday. ADT President and CEO Jim DeVries said combining the two companies will give its existing customers access to more energy independence.

Q&A: Sunnova CEO John Berger talks Houston up as energy transition leader

“We’re excited to offer consumers even more peace of mind by giving them the opportunity to power their homes with sustainable and affordable solar energy,” he said. “Residential solar represents a $15 billion annual market, but still only in 3 percent of all U.S. homes.”

However, Berger said, keeping Sunnova and Brinks as two separate companies will allow shareholders of both to invest in a fast-growing energy services company and a home security firm that’s increasingly moving toward home automation.

And shareholders of both companies could soon reap the benefits of rising energy prices, Berger said.

He pointed to CenterPoint, the private utility that provides electricity and natural gas to most of the Houston region, announcing last week it would raise rates because of a surge in the price of natural gas. At the same time, the price of oil has also shot up, and Berger said supply chain kinks with batteries are about to loosen up, creating more ways for customers to store energy produced by rooftop solar installations.

Williams Niles, CEO of Brinks Home, said giving customers access to its security services along with solar panels, batteries and EV charging offered by Sunnova will make it easier to take advantage of energy savings.

“Brinks Home is committed to delivering best-in-class customer experience coupled with smart home products and security services to our nearly one million customers,” Niles said. “The partnership with Sunnova will align with that mission by extending our value proposition to smart home energy management with a partner that shares the same commitment to customer satisfaction. We look forward to partnering with Sunnova to deliver a smarter, safer, and greener home for our shared customer base.”