Tesla’s Powerwall faces stiff competition from several other storage products

March 5, 2018 by  
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While Tesla ‘s Powerwall may be the most well-known example of residential solar energy storage systems, it is not the only one and is facing increased competition. Nearly all major residential solar companies are now developing a similar household energy storage system, either independently or in collaboration with another company. Among those companies, SunRun, Vivint Solar and SunPower seem to be the most viable competitors to Tesla’s residential solar operations. The increased competition is good news for consumers as well as the renewable energy sector generally, indicating that the industry is maturing and spreading. SunRun now maintains the largest market share in the American residential solar industry , in part thanks to its ability to work with internal and external installation partners. This means that SunRun is able to more quickly scale up its distribution. The company’s Brightbox system incorporates LG Chem batteries into a control system (designed by SunRun) and is currently available in Arizona, California, Hawaii, New York, and Massachusetts , with more states coming online in 2018. Related: Nova Scotia Power pioneers new energy storage system using Tesla Powerpacks Vivint Solar is collaborating with Mercedes-Benz to develop a 2.5 kW-hr energy storage system that can be expanded up to a 20 kW-hr system for household needs. Mercedes-Benz already has energy storage products available in the more developed European market, which puts it in a good place as the American market grows. Last but not least, SunPower will launch its home energy storage system under its Equinox product line in 2018. Because they are geared towards high-end customers, those with the most funds to invest in new technology, it may see more rapid growth than its competitors. Regardless of the commercial success of any individual company, the flurry of activity in the American residential energy storage is a welcome sign as the United States, like the rest of the world, must move forward towards a clean energy economy. Via The Motley Fool Images via SunRun and SunPower

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Tesla confirms SolarCity acquisition is complete

November 21, 2016 by  
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Last week, Tesla shareholders “overwhelmingly” showed their support for a merger with SolarCity , the solar energy company started by Elon Musk ‘s cousins. On November 21, a Tesla spokesperson confirmed the $2.6 billion acquisition is finished, which will enable Tesla to offer solar power to complement their electric cars and wall batteries . Tesla first floated the idea of an acquisition back in June , saying should the acquisition go through they would be the “world’s only vertically integrated energy company offering end-to-end clean energy products to our customers.” Tesla started Tesla Energy in early 2015, offering products such as the Powerwall battery, and saw a SolarCity acquisition as a logical next step. Related: Tesla shareholders “overwhelmingly” approve SolarCity merger Some people are still concerned the merger doesn’t make a lot of financial sense for Tesla in the short term. CFRA Research analyst Efraim Levy told CNBC about the acquisition, “Whatever the synergies are down the road, it’s negative for current holders.” Some analysts say the SolarCity acquisition is too risky. Tesla has recently unveiled products that make a lot of sense for a combined company, such as solar roof tiles and a glass solar roof for the Model 3. Tesla also indicated they think the merger will be beneficial for their company; in a statement in early November they said SolarCity would “add more than half a billion dollars in cash to Tesla’s balance sheet over the next three years.” Other people point to Musk’s drive as one factor that pushed the deal through, even if it won’t benefit investors right away. Musk addressed the merger in his Master Plan, Part Deux , saying that the fact that Tesla and Solar City were two distinct companies “is largely an accident of history.” He said, “Now that Tesla is ready to scale Powerwall and SolarCity is ready to provide highly differentiated solar, the time has come to bring them together.” Via The Verge Images via SolarCity Facebook and Heisenberg Media on Flickr

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Tesla confirms SolarCity acquisition is complete

Solar-powered Australian homes with Tesla Powerwall 2.0 already cost-competitive

November 14, 2016 by  
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As the world shifts towards obtaining energy from renewable sources , cost competitiveness is sometimes still a factor. Fossil fuel proponents have claimed one benefit of the polluting energy sources is that they’re cheaper, but that assertion is now harder to defend. Energy consultancy CME director Bruce Mountain just calculated a Tesla Powerwall 2.0 and rooftop solar panels powering an Australian home offer a cost-competitive source of electricity when compared against grid power supplies. Mountain looked at a hypothetical Adelaide home, which he estimated would use around 4,800 kilowatt-hours of electricity each year. He assumed such a home’s electricity bill would be the average of the 77 market offers in the area, and examined prices both before and after conditional discounts. He also considered the lifetimes of the clean technologies utilized, supposing a five kilowatt rooftop solar array would last for 20 years, and the Powerwall 2.0 would last for 10 years. Related: The world’s first “Tesla Town” with solar roofs and Powerwalls is coming to Australia Mountain’s calculations were thrilling: the clean technologies offer electricity at around an equal price to market offers after discounts, and are even cheaper than market offers before discounts. He said in his article, “This is astounding. A typical household in the suburbs of Adelaide can now meet its electrical needs with solar and battery storage for about the same amount they would pay on a competitive offer from the grid.” Homes receiving cost-competitive clean energy are able to do so in part because of the advanced Powerwall 2.0. While Mountain notes the battery costs nearly the same as the Powerwall 1.0, it offers 100 percent more storage capacity. Peak power and continuous power both increased with the Powerwall 2.0 by 40 percent and 50 percent respectively. Mountain said the implications of his findings about cost-competitive clean energy are either exciting or worrying, depending on a reader’s vested interest. Via CleanTechnica Images via Tesla and Pixabay

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Solar-powered Australian homes with Tesla Powerwall 2.0 already cost-competitive

Tesla taps Panasonic to build solar panels for their Powerwall and Powerpack systems

October 17, 2016 by  
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Tesla wants to dip even further into the solar power pool with newly announced plans to partner with Panasonic to build solar panels for Tesla’s Powerwall and Powerpack battery backup systems . Panasonic has already been building Powerwall batteries, as well as electric car batteries, at Tesla’s sprawling Nevada Gigafactory , but this would be the electronics company’s first foray into solar panels with Tesla as a partner. There’s just one hitch: none of this can happen until Tesla’s $2.6-billion acquisition of SolarCity goes through, a move which has been plagued by legal hurdles and awaits a shareholder vote in November. If Tesla ‘s acquisition of SolarCity  is completed, Panasonic would quickly begin building photovoltaic (PV) cells and modules at SolarCity’s $750 million manufacturing facility in Buffalo, New York, which is incidentally also called a Gigafactory. In a statement, Tesla explained that the Panasonic-produced solar components would be sold as part of a “solar energy system that will work seamlessly with Powerwall and Powerpack, Tesla’s energy storage products.” Tesla has agreed to a long-term deal under which it would purchase PV cells from Panasonic, while providing the facility in which to build them. Related: Elon Musk plans to launch Tesla/SolarCity solar roof and Powerwall 2.0 on October 28 Tesla’s main motivation behind the partnership is to create a reliable source of low-cost PV cells designed to be integrated into its other products. “We are excited to expand our partnership with Panasonic as we move towards a combined Tesla and SolarCity,” said Tesla co-founder and Chief Technical Officer JB Straubel. “By working together on solar, we will be able to accelerate production of high-efficiency, extremely reliable solar cells and modules at the best cost.” The announcement of this product line comes on the heels of Tesla/SolarCity’s promise of a solar roof with integrated connections to the Powerwall storage system (and, of course, an included Tesla car charger). The official product unveil for the solar roof is set for October 28, despite the fact that Tesla’s acquisition of SolarCity won’t be a done deal before the shareholders vote on November 17. Via Engadget Images via Shutterstock and  SolarCity

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5 life-changing projects take home top honors in world’s largest design awards

August 27, 2015 by  
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Inhabitat is reporting live tonight from Helsingor, Denmark where the world’s largest design prize was just awarded to five different projects that have the potential to impact people’s lives in a positive way across the globe. With a total prize of €500,000, the INDEX: Awards is the only design competition that focuses specifically on projects that are functional, usable, desirable, and above all, that improve people’s lives. A whopping 1,123 nominations were received from 72 countries, which were finally whittled down to five winners by a jury in five categories: community, work, home, body and play and learning. So without further ado, the winners are… Read the rest of 5 life-changing projects take home top honors in world’s largest design awards

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INFOGRAPHIC: Solar power on the large and small scale

August 27, 2015 by  
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The sun has become one of the leading sources of clean and renewable energy in the US. More specifically, during the third quarter of 2014, panels that generate 1,354 MW of solar were installed in various parts of the country, which represents a 41% increase in solar power generating capability in comparison to the same period in 2013. While total solar output in the U.S. is still low, new technology, subsidies and the creation of sizable solar farms show that solar is continuing to advance and will remain an important employment avenue for future engineers. To learn more about solar, and how it can change our lives, check out the infographic below created by the New Jersey Institute of Technology’s  Online Masters in Electrical Engineering degree program. Read the rest of INFOGRAPHIC: Solar power on the large and small scale

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INFOGRAPHIC: Solar power on the large and small scale

Tesla responds to complaints, boosts Powerwall capability from 2kW to 5kW

June 16, 2015 by  
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Tesla’s Powerwall is poised to be one of the biggest product launches ever , and the home battery has already sold out through 2016 . The company is currently constructing the “ Gigafactory ” in Nevada, which will produce batteries for their cars, alongside the Powerwall and Powerpack systems, and Elon Musk reckons that when it’s complete it’ll be among the largest structures in the world. But that doesn’t mean that criticism of their game-changing technologies fall on deaf ears—according to GreenTech Media , Musk recently told shareholders that the capability of the Powerwall is going to be lifted from 2kW to 5kW, but the price will remain the same. Read the rest of Tesla responds to complaints, boosts Powerwall capability from 2kW to 5kW Permalink | Add to del.icio.us | digg Post tags: elon musk , Gigafactory , home battery , powerpack , powerwall , powerwall capacity , powerwall kW , solar battery , tesla , tesla battery , tesla energy , tesla shareholders

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Can Tesla’s battery hit $1 billion in sales faster than the iPhone?

May 13, 2015 by  
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Tesla ‘s Powerwall and Powerpack batteries have generated a massive wave of interest – just ten days after launch the company sold out of the Powerwall until mid-2016 , and Musk conceded that Tesla should make its 5 million square foot Nevada battery factory “bigger.” This enthusiasm has translated into $800 million worth of reservations, according to Bloomberg Businessweek —and if Tesla can turn that interest into actual revenue, the battery could hit $1 billion in sales faster than the iPhone. Read the rest of Can Tesla’s battery hit $1 billion in sales faster than the iPhone? Permalink | Add to del.icio.us | digg Post tags: elon musk , energy storage , off grid home , powerpack , powerpack sales , powerwall , powerwall sales , renewable energy storage , solar power battery , solar power storage , tesla , tesla bloomberg , tesla revenue , tesla sales

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