The EV, solar and battery company has filed to issue $750 million in convertible notes and another one million shares of stock in advance of its Model 3 roll-out.
The growing demand for affordable electric vehicle batteries is driving cost reductions in lithium-ion battery technology, which is beneficial for affordable stationary storage, according to a new Lux Research report.
The island is a view into what a future with high penetrations of renewable energy will look like.
According to new data by GTM Research, the ratio of solar leases and PPAs to full ownership flipped in the fourth quarter of 2016, when fewer than half of all new residential solar systems were operating under third-party arrangements – down from its 2014 peak of 72%.
The EV, battery and now solar company fell into the red in Q4 concurrent with the acquisition of SolarCity, as it begins making batteries at its Gigafactory and prepares for Model 3 roll-out.
The residential solar installer has been getting back on its feet after the failed buy-out by SunEdison, including new offerings and expansion into new states.
Along with changing its name from Tesla Motors to Tesla Inc. the electric vehicle and battery maker will eliminate the SolarCity brand.
This is one of three massive systems which SCE has contracted to meet peak demand following its Aliso Canyon gas leak, as a new test for the abilities of energy storage.
The 70 MW system is just one aspect of the plant’s commitment to 100% sustainability – but the company says it will be seven-times larger than the largest rooftop solar system currently installed.
The factory is producing lithium-ion batteries both for Tesla’s energy storage products and electric vehicles
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