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.
A New Zealand network operator will install a grid-scale battery from S&C Electric as part of a pilot programme.
Tesla has acquired German engineering firm Grohmann Engineering to form a new advanced automation segment of its business, producing manufacturing equipment for its factories in the US.
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.
Energy company Tesla has revealed that it began to ship an updated version of its commercial battery storage solution last month, featuring doubled energy density.
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.
The UK is a key market for Tesla’s Powerwall and Powerpack energy storage products, and Tesla is seeing demand for additional installations of its commercial oriented products after the first Powerpack install was completed last month.
Tesla strikes again in Southern California Edison’s infrastructure overhaul, picking up 7MW battery storage contract at Orange County water agency.
