UV50 Economic Engines: No. 7 Vivint Solar

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FOUNDED 2011
CITY Lehi
EMPLOYEES 2,500
INDUSTRY Renewable energy
WEBSITE VivintSolar.com
CEO David Bywater
THE COMPANY A provider of residential solar, battery storage and energy services.

1. Vivint Solar is on a mission to create a planet run by the sun.

2. They are a publicly-traded company that did $341 million in sales in 2019.

3. This year, Sunrun announced a definitive agreement to acquire Vivint Solar for an Enterprise Value of $3.2 billion.

4. Vivint Solar and Sunrun’s combined customer base is nearly 500,000. And with residential solar reaching only 3% penetration in the United States, the runway for growth is massive. 

5. Founder Todd Pedersen —who also founded sister company Vivint Smart Home (#4 on this list) — has now created two companies with a combined enterprise value of nearly $10 billion.

Fortune Cookie Forecast Soak up the sun, people. This is just the beginning.

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