Sunnova Secures Largest Wholesale Market Capacity Position for Behind-the-Meter Solar in New England Region

HOUSTON ~ Sunnova Energy International, Inc. (NYSE: NOVA) has announced its third consecutive win in the ISO-New England ("ISO-NE") Forward Capacity Auction, securing an additional 38 megawatts in the recent FCA17. This win makes Sunnova the largest behind-the-meter solar and battery storage developer in the New England region, with a total capacity of 188 megawatts cleared in the ISO-NE market from FCA15 to FCA17.

Sunnova is at the forefront of the New England grid transformation as it moves away from centralized power plants to a system that is powered by local clean energy virtual power plants, such as residential solar and battery storage. William J. (John) Berger, Chief Executive Officer of Sunnova, stated that this success demonstrates their commitment to leading the energy transition in the region and providing homeowners with reliable energy service.

After attaining New England Power Pool (NEPOOL) membership, Sunnova is now eligible to participate in the ISO-NE market as a direct market participant. The company's aggregated residential solar and battery storage portfolio will offer competitive renewable energy capacity to help meet future energy needs for approximately 67,000 customers. The portfolio is expected to begin participating in the FCA17 commitment year starting June 2026. Sunnova has also collaborated with National Grid and SolarEdge to utilize its fleet of solar and storage assets to help improve power quality in National Grid's service area.

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Michael Grasso, EVP and Chief Marketing Officer of Sunnova, commented on their strong dealer relationships and growth in New England which allowed them to bid tens of thousands of new rooftop solar and battery storage services into the auction. He added that their efforts not only benefit their customers but also contribute towards grid reliability and reduced carbon emissions while creating new jobs in the clean energy sector.

Sunnova's commitment is priced at nearly $2.59/kW-month across the region with an estimated gross value across the term of approximately $16 million1. The company hopes that this will help them achieve their goal of powering energy independence so that homeowners and businesses have freedom from interruption when it comes to their energy needs.
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