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.
More than $200 million in equipment will be sold as Tesla plans to ramp up and expand operations at a Buffalo manufacturing facility.
Tesla Megapacks will be installed at California load centers in a four year series of projects called the Falcon portfolio.
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.
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.
Tesla acquired the supercapacitor maker in 2019, but has since moved on and sold the unit to UCAP-Power, while keeping the company’s dry electrode tech.
The maintenance cost of an electric vehicle is estimated to be significantly lower than internal combustion engines, and studies show home solar furthers the cost savings and boosts carbon emission reductions.
In its Q2 earnings statement, Tesla said it is working to improve its Solar Roof installation capabilities and aims to reduce their installation time “dramatically.”
The new company will develop and manage a portfolio of 500 MW of distribution-level energy storage assets across Texas.
Solar-plus-storage installations are emerging as a major growth factor for the overall market, according to a new report from IHS Markit.
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