The Sonnen ecoLinx adds home automation skills, via powerful industry partner tools, complementing the company’s energy storage, grid management and microgrid expertise.
Wood Mackenzie projects that the U.S. energy storage market will reach well over $500 million in sales this year, following on 61.8 MW / 156.5 MWh of installations during the second quarter. Residential storage has grown at 61% per quarter since Q1 2017.
A utility survey shows battery storage capacity growing sharply, including solar + storage installations in several states. Looking ahead, FERC Order 841 could spark extensive new storage for grid services, helping more utilities become familiar with storage and its benefits.
The lithium supplier is banking on both its substantial history and new developments in the rapidly growing the electric vehicle market.
The energy giant is upgrading its Bad Creek pumped hydro storage facility from 1,000 to 1,300 MW.
Elon Musk says he’s secured funding at $420 per share to take Tesla private. His letter to employees points toward short sellers and propaganda peddlers causing stock price volatility.
In the first two quarters of 2018 Tesla deployed 40% more energy storage than all of 2017, with 300-400% growth expected for 2019. Solar power deployments grew 11% to 84 MW over a low Q1 value.
A report issued by the National Rural Electric Cooperative Association shows rapid PV growth in less than a decade in co-ops.
The suggestion of additional investments beyond the $1.6 billion follows reports of battery cell shortages as Tesla’s Model 3 picks up production. It is unknown what impacts this will have on Tesla’s stationary storage business.
Puerto Rico is requesting ten 20 MW / 20 MWh batteries to be deployed strategically in the country’s power grid. The RFQ notes that sites should be upgradable to 40 MW / 160 MWh.
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