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%.
Major new storage trial in Australia, ViZn announces new advisory board members, CEFC announces new funding for low carbon tech.
Texas-headquarted Mercom Capital Group recently released its Q1 2016 funding and M&A report for energy storage, smart grid and energy efficiency sectors. Mercom’s CEO and co-founder Raj Prabhu discusses the energy storage trends tracked in this quarter with Energy-Storage.News, especially in light of the drop in venture capital funding this quarter.
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.
The UK’s “greenest electricity supplier” will launch trial units of its own residential energy storage system this year, with the potential to reignite an ongoing and acrimonious rivalry with Tesla.
After claiming that interest in Powerwall and Powerpack was “overwhelming” and “crazy” seven months before the first commercial installations began, Tesla CEO Elon Musk announced that close to 400,000 people have reserved a Model 3, due out next year. Andy Colthorpe asks how much Tesla’s overall success in its stated mission to accelerate the transition to clean energy is pinned to a successful roll-out from the Gigafactory for the car.
Registration opens today for Tesla’s Model 3, the longer range, cheaper electric vehicle (EV) that the company hopes will repeat the success of its existing luxury models.
The head of an Australian solar installer has criticised Tesla’s marketing of its residential energy storage devices, claiming that potential end customers have been given unrealistically low expectations on the system’s pricing.
Nigel Morris, chief executive at solar firm RoofJuice Australia, who has been in the solar game for more than two decades, explains what stands in the way of Australia’s significant energy storage potential.
