Tesla has reported a significant year-on-year increase in business for its stationary energy storage systems, but more attention has been focused on delays in Model 3 deliveries and a decline in solar installs.
What does it mean to be all things to all people? Does it overstretch resources to breaking point, or does it give you a chance to cast a wider net and capture market share? Vivint Solar recently joined Tesla in a race to offer whole packages including solar, storage, EV charging and other components to US customers. We talked to GTM Research's Brett Simon on some of the dynamics of those parallel strategies.
A Tesla spokeswoman has confirmed that the company’s current undertaking to build a 129MWh battery storage facility will not use long-time supplier and partner Panasonic’s lithium-ion cells.
Welcome to Part 2 of our in-depth talk with Nancy Pfund, managing partner at DBL Partners, a venture capital firm specialising in companies and start-ups that offer both rewarding financial returns and positive social impacts. As well as being one of the earliest backers to Tesla and SolarCity, to utility-scale solar tracker company NEXTracker to Off-Grid Electric, which deploys solar in rural Africa; to others in energy storage like Advanced Microgrid Solutions and Primus Power, Pfund is extremely well-placed to offer a quick Q&A ‘masterclass’ in energy storage investing.
Mercedes-Benz Energy and Vivint Solar have agreed to a partnership to bring Mercedes-Benz home energy storage systems to the US.
Advanced Microgrid Solutions (AMS) will deliver commercial energy storage projects based around its ‘Hybrid Electric Buildings’ concept to one of North America’s biggest retailers, Walmart.
Electric car maker turned ‘integrated sustainable energy company’ Tesla installed 98MWh of energy storage in the final quarter of 2016, according to its financial results released last week.
Last year was a “seminal year” for energy storage, where the technology moved from “dream to reality”, according to impact investor Nancy Pfund, one of the earliest backers to Tesla and SolarCity.
The merging of Tesla and SolarCity into a single entity creates a new company well-placed to deliver a full range of energy-related products and services to consumers, analysts have said.
The soon-to-be-merged Tesla and SolarCity have completed a solar-plus-storage microgrid on an island in American Samoa that will reduce the local population’s reliance on costly and cumbersome diesel imports.
The merger between Tesla and SolarCity has been approved by shareholders.
Tesla-SolarCity could become an energy equivalent to an Uber or AirBnB, with a merger between the two creating “an integrated sustainable energy company, which does not own any centralised generation assets”, one expert has commented.
EV manufacturer and battery specialist Tesla Motors has reported strong results with a return to profit in Q3 this year and expectations of this positive performance to continue into Q4.
SolarCity purchase under threat as Tesla shareholders file four lawsuits in two weeks, alleging the company’s board breached fiduciary duties
Despite its thirteenth quarterly reverse on the spin, Tesla chairman and chief executive Elon Musk predicts Tesla and SolarCity will create an automotive-energy giant worth US$1 trillion.
Tesla Motors’ proposed US$2.6 billion purchase of SolarCity could “substantially” increase SolarCity’s sales, reckons industry veteran Jigar Shah, clean energy entrepreneur and founder of SunEdison.
Tesla Motors’ US$2.6 billion all-stock offer for SolarCity this week raised questions, as both firms’ share prices slumped on the announcement, and markets reflected a sense of both awe and unease at the proposed deal. GTM Research director of energy storage Ravi Manghani considers these questions, through the prism of Tesla chief Elon Musk’s self-titled ‘master plan, part deux’.
Tesla Motors’ possible acquisition of leading US residential PV installer SolarCity has been sealed with an all-stock transaction valued at around US$2.6 billion.
Elon Musk has revealed the widely anticipated sequel to the ‘Master Plan’ that he wrote almost 10 years ago, where he finally pieces together the missing pieces of the energy puzzle; uniting batteries and electric cars with solar power.
The proposed deal for Tesla to acquire US rooftop solar company SolarCity makes sense but could distract both parties from immediate core objectives, according to Lux Research.
Tesla has made an offer to acquire SolarCity in stock swap deal that would give SolarCity shareholders a premium of 21-30%.
Tesla is predicting it could sell more stationary storage to SolarCity during 2016 than was deployed in the entire behind-the-meter segment of the US market last year, according to analysis by GTM Research.
PV Tech Storage spoke to Nancy Pfund of ‘social impact’ investors DBL Partners, among Tesla’s early backers and participants in two of the top five VC fund plays of this year’s third quarter.
Financial activity in the third quarter of this year was slightly flatter than Q2 for smart grid, batteries, energy storage and energy efficiency, but the average deal size grew, according to Mercom Capital Group.
News in brief: Automotive battery maker Johnson Controls eyes Enersys, SolarCity announces 6MW solar-plus-storage for schools, executive of state-owned Swedish power company Vattenfall joins Younicos.
A solar farm connected to a huge battery will be built on the Hawaiian island of Kauai to use solar in the evenings to meet peak demand, under a 20-year contract between SolarCity and an electric utility co-operative.
A push by US leasing giant SolarCity to serve small and medium enterprises (SMEs) with its commercial solar offering will be bolstered by a tie-in with the company’s energy storage solutions, a spokesman has confirmed.
In December, PV module manufacturer Hanwha Q CELLS will join other big names in solar by launching an integrated energy storage product to the German residential market, in partnership with Samsung SDI.
Tesla’s much talked about Gigafactory should be up and running in 2017. PV Tech Storage spoke to analyst Dean Frankel of Lux Research about some of the details and talking points of the EV maker’s ambitious plan to hit ‘500,000 battery packs by 2020’.
Tesla’s lithium-ion ‘Gigafactory’ will be built in Nevada, after company officials including chief executive officer Elon Musk appeared alongside the US state’s governor at a press conference held yesterday afternoon.