Johana Bhuiyan for Recode: Tesla’s board of directors has just sent an offer to acquire SolarCity to the company’s CEO. In other words, the electric car company Elon Musk is the CEO of just offered to buy the solar company Elon Musk is the chairman of. In the letter, sent to SolarCity co-founder and CEO Lyndon Rive, Tesla’s board of directors offered to buy all of SolarCity’s remaining common stock in exchange for Tesla’s common shares. That’s $26.50 to $28.50 a share, according to the board. The stock-for-stock deal amounts to about $2.8 billion based on where Tesla stock was trading before the proposal was announced. As of yesterday, Musk personally owns 22,160,370 shares of SolarCity. So if the respective boards of each company approves the acquisition, Musk would personally reap $587,249,805 to $631,570,545. Tesla’s move to acquire the solar company will help Musk in his goal of accelerating the world’s transition to using completely sustainable fuels in transportation. Cont'd...
In Addition to Serving Local Needs, the Company is Contributing to the Growth of the Renewable Energy Market in Brazil
Joint Patent Application With University of California, Santa Barbara Further Strengthens the IP Position of the Company's Super Battery Technology
Blade repair and inspection specialist, Altitec, highlights shortfall in trained technicians and a growing skills gap with implications on long-term project performance
The UK Marine Energy Conference 2016 focuses on accelerating wave and tidal energy as viable energy alternatives, whilst maintaining the UK & Ireland's position at the forefront of marine energy development.
Coils designed to meet exact customer specifications and shipped on nearly any timeline
Klein® Tools 'State of the Industry' Survey Finds Electricians Have an Increased Interest in High-Tech Installations and are Seeing More Smart Homes
Electricians prefer working on high-tech installations and are mainly seeing smart homes and multi-family homes while on the job according to a new survey from Klein® Tools
Julia Pyper for GTM: A growing number of electric industry leaders agree that it’s only a matter of time before renewable energy resources dominate their grid systems. In California, it’s already a reality, said Steve Berberich, president and CEO of California Independent System Operator Corporation. On a typical day, CAISO will pull about 30,000 megawatts of energy production, with around 6,500 megawatts from solar, 5,000 megawatts from wind and another 5,000 from geothermal and other services on the system. In addition, California’s grid system has roughly 4,000 megawatts of behind-the-meter solar, which is growing at a rate of about 70 megawatts per month. In any given day, California gets more than 30 percent its electricity from renewable energy. On many days that amount climbs to 40 percent, and on some days renewables reach 50 percent, said Berberich. “Now we have to think about the system as a renewable energy-based system complemented by other things,” he said, speaking at the Edison Electric Institute’s annual convention this week in Chicago. Cont'd...
Opening keynote for European Utility Week 2016 to set the scene for Europe's leading smart energy event
Panellists to consider the energy revolution in kick-off debate
PlugShare Partners To Launch Program To Provide Free EV Charging Stations Plus Installation To Eligible California Drivers
Drive Solar solves one of the most significant post-purchase inconveniences of driving an EV: installing a residential charging station.
Polysilicon price extend the drop this week as the wait-and-see attitude of buyers and the dollar strengthen. As Chinese polysilicon suppliers have lowered price quote noticeably last week and the downstream demand remain sluggish, polysilicon buyers become more cautious in polysilicon procurements. As buyers sentiment weakens, the inventory level have witnessed noticeable rise, with some accumulating 2-3 weeks extra inventories, according to our supply chain check. Moreover, as the greenback strengthens recently, polysilicon price in China is further deteriorated in USD term. On the other hand, polysilicon prices outside of China are also being pressured as constrained by the price decline in Chinese market. Moreover, as the leading wafer manufacturer turns more bearish regarding the outlook of the demand, the weakening wafer prices also cause the polysilicon to perform poorly as well.
Dramatic price drops for solar and wind electricity set to continue as cost reduction drivers shift
State Leadership in Clean Energy Awards recognize six innovative initiatives from around the country
Prizes of $25,000 will be awarded to the top early-stage, startup companies in Smart Grid and Smart Cities categories:
MERSEN TO EXHIBIT DURING ITEC 2016 (IEEE TRANSPORTATION ELECTRIFICATION CONFERENCE AND EXHIBITION), JUNE 27-29th
NEWBURYPORT, MA (JUNE, 2016) - Mersen will be showcasing its broad line of power management solutions for the rapidly evolving Electric Vehicles (EV/HEV) and Electrical Energy Storage (EES) markets during the ITEC 2016 (IEEE Transportation Electrification Conference and Exhibition), June 27th - 29th in Dearborn, Michigan.
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