Tesla Energy results up, but mixed, for 2021; solar makes nary a sound on quarterly call
On the company’s Q4 earnings call, the world-leading EV manufacturer again prioritized delivering cars over growing low-margin energy storage products, while solar products were barely noted. Both verticals grew though, solar by 68% and storage by 32%.
Sunrise brief: Solar panels, racking and inverters stationed on Tesla’s gigafactory roof offer a glimpse of the project underway.
Also on the rise: LBL report looks at compensating customers for grid-connected batteries. Supply chain problems that drove up costs of solar power equipment will ease in 2022. Efforts to retrieve lithium from geothermal brine increasing in popularity. Encore Renewable Energy, The Brattle Group, ACORE and others announced new hires.
Work on Tesla’s rooftop solar system appears to be underway
A local drone pilot found that solar panels, racking, and inverters are starting to be stationed on the roof of Tesla’s manufacturing facility under construction in Texas.
Sunrise brief: SEC investigating Tesla over alleged solar system fire negligence
Also on the rise: Clean energy bonds issued in California, EV charging stations with integrated advertising space, DART mission uses solar power to redirect Earthbound asteroids, and the Bezos Earth Fund supports tribal-led program.
SEC investigating Tesla over alleged solar system fire negligence
The lawsuit stems from a 2019 whistleblower complaint alleging that the company failed to properly notify its shareholders, customers and the public of fire risks associated with solar panel system defects over the course of several years.
Sunrise brief: Energy storage provider Fluence eyes a $4b IPO valuation
Also on the rise: D.E. Shaw lines up financing for a 149 MW solar project, Sunnova prices its latest securitization, and DOE awards $40 million for solar innovation projects.
New York to sell solar equipment it bought for Tesla, Panasonic
More than $200 million in equipment will be sold as Tesla plans to ramp up and expand operations at a Buffalo manufacturing facility.
Arevon Energy taps Tesla for 2 GW/6 GWh of storage supply
Tesla Megapacks will be installed at California load centers in a four year series of projects called the Falcon portfolio.
California looks to speed up energy storage deployment
The state’s Energy Commission wants to grant licenses in less than 45 days for battery energy storage systems 20 MW or larger in size.
Sunrise brief: Solar+storage gains a solid foothold across the U.S. grid
Also on the rise: Three startups that aim to change the solar and clean tech sectors, battery companies join effort to improve cycling performance, solar PV shipments rose in 2020 as demand grew and costs fell, and more.
