Tesla Wins Large Contract with Utility for Energy Storage

Jon LeSage for HybridCars:  Tesla’s energy storage division just won a very large contract with a major California utility to stabilize power outages.

While the acquisition cost hasn’t been announced, Tesla Energy will supply 20 megawatts of energy storage to Southern California Edison – enough to power about 2,500 homes for a full day. It’s part of SCE’s efforts to prevent blackouts by fossil-fuel electricity generation with lithium-ion batteries. Investment in Tesla’s product, called Powerpacks, is thought to be worth tens of millions of dollars, and is expected to be operational by the end of this year.

The deal ties into Tesla’s plans to broaden its base beyond manufacturing and selling electric cars, similar to its recent investment in SolarCity. It also signifies advancements being made in energy storage, which is reaching a much faster pace – months instead of years, according to an analyst.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

AllEarth Renewables - The Solar Tracker

AllEarth Renewables - The Solar Tracker

Designed and manufactured in the U.S., the AllEarth Solar Tracker is a complete grid-tied, dual-axis solar electric system that produces up to 45% more electricity than fixed systems. The tracker uses GPS and wireless technology to follow the sun throughout the day for optimal energy production. It has an industry-leading 10 year warranty and 120 mph wind rating, superior snow shedding, and automatic high wind protection. Its simple, durable design and complete system pallet simplifies costly procurement and installation time. Contact us about becoming a dealer partner or purchasing an AllEarth Solar Tracker.