Rapid Response: Aggressive sustainability, w/Lynn Jurich, CEO of Sunrun
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 28 January 2021
⏱️ 37 minutes
🧾️ Download transcript
Summary
Expectations for solar are high under a Biden administration, says Lynn Jurich, CEO of the solar power company Sunrun. While Sunrun's stock price has quadrupled in the past year, Jurich faces not only high-profile competition but the complexities of a new-style energy utility and the vagaries of politics and policy in the most partisan environment in generations. Her touchstone – in a key lesson for entrepreneurs – is to focus on long-term trends that she believes are favorable. In the teeth of the pandemic, she spent $3 billion to buy up one of the other key industry players, doubling down on her commitment, and extending a scale advantage. From Sunrun's internal culture to the undulating energy marketplace, Jurich is both pivoting in search of opportunity and holding fast to central principles.
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Transcript
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| 0:00.0 | Hey listeners, it's Katie Clark Gray, one of the senior writers on Masters of Scale. |
| 0:04.6 | One of my favorite parts of working on this show is discovering unconventional theories |
| 0:10.3 | of what it takes to scale. |
| 0:12.3 | And as we've seen in your reviews, this element of surprise is one of your favorite aspects |
| 0:16.7 | of the show, too. |
| 0:18.3 | So with that in mind, I want to recommend a new podcast that I think you'll love. |
| 0:22.9 | It's called Rethinking and is hosted by our friend, Adam Grant. |
| 0:27.3 | You might know Adam from his work in organizational psychology, or you might recognize his name |
| 0:32.0 | as a previous Masters of Scale guest. |
| 0:34.6 | He has an incredible mind. |
| 0:36.6 | And in his new podcast, Rethinking, he interviews some of his favorite thinkers in the world, |
| 0:41.6 | like Mark Cuban, Celeste Eng, Reese Witherspoon, and Alex Arnold, about the assumptions that |
| 0:46.7 | they're challenging and the mindsets that have made them successful. |
| 0:49.9 | It's worth checking out. |
| 0:52.0 | So search for rethinking in your podcast player and give it a listen. |
| 0:56.0 | Now, onto the show. |
| 1:00.4 | Because this is called Masters of Scale, throughout a few scale facts for you all. |
| 1:04.4 | So one, we already have 500,000 customers, just sun run. |
| 1:10.2 | And we've raised capital to install about $9 billion worth of solar. |
| 1:16.8 | No one probably would have expected us to be the market leader. |
| 1:20.3 | And now here we are, more than double the size of Tesla. |
| 1:25.3 | You don't have to be a climate warrior to adopt these products. |
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