Panasonic has given the first indication of the expected size of its investment in collaborator-competitor Tesla’s battery Gigafactory, which according to the company’s president could be up to US$1.6 billion.
Production and deliveries of Tesla’s stationary storage systems have now begun, while a company spokesman said it welcomes new competitors such as Faraday Future to the EV space – in line with Tesla’s stated values to accelerate clean energy deployment.
The first Tesla Powerwall home energy storage systems to go on sale in the US through a utility are being sold through Vermont’s Green Mountain Power which is including a “no upfront cost” option for its customers.
Tesla batteries in microgrids will be deployed to help integrate renewable energy into California’s interdependent “water-energy nexus”, as the state faces it worst drought on record.
Germany’s market-leading residential energy storage system maker Sonnenbatterie is to enter the UK residential energy storage market with its lithium-ion storage system Sonnenbatterie eco.
Tesla boss Elon Musk has claimed that his company is already sold out of stationary storage products for next year before the first ones have even been shipped to customers.
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: Indian PM Modi visits Tesla and talks solar-plus-storage with Musk; Scottish renewable energy group forms energy storage division; Harvard team developing flow batteries reports findings.
Electronics and design giant Apple is setting its sights on a 2019 launch for its own range of electric vehicles (EVs), according to a report in the Wall Street Journal.
