Jeremy Hodges & Anna Hirtenstein for Bloomberg Markets: The London-based private-equity firm is seeking to raise 100 million pounds from the initial public offering expected later this month on the London Stock Exchange. The fund will invest in large-scale batteries.
Mark Austin for DigitalTrends: Installation of the 5kW solar panels and Tesla batteries has already begun on 1,100 public housing properties, with 24,000 more to follow. After that, the program will be opened up to as many as 50,000 South Australian homes.
Lauren Thomas for CNBC: The expansion would help Tesla test the appeal of its renewable-energy products to a wider audience. It would help Home Depot use some of its excess floor space to sell new products and gain a competitive edge over its peers.
Julian Spector for GTM: "The world's largest gridscale battery - the Hornsdale Power Reserve battery - charged for the first time at 8.36am and reached 31 MW in 2 mins," tweeted Audrey Zibelman, the leader of Australia's energy market operator, on Friday.
Futurism: Tesla just updated their website to include images of their new low-profile solar panels. The panels integrate seamlessly with the Tesla Powerwall and can be ordered this month for production in the summer.
James Vincent for The Verge: Tesla completed its $2.6 billion acquisition of SolarCity this week, and, to celebrate, the company has announced a major solar energy project: wiring up the whole island of Ta’u in American Samoa. Previously, the island ran on diesel generators, but over the past year Tesla has installed a microgrid of solar energy panels and batteries that will supply "nearly 100 percent" of power needs for Ta’u’s 600 residents.
The project seems intended to show off the potential benefits of the SolarCity acquisition, with Ta’u’s microgrid comprised of 5,328 solar panels from SolarCity and Tesla, along with 60 Tesla Powerpacks batteries for storage. But buying SolarCity remains a risky move for Tesla, with the purchase including billions of dollars of debt for a company that's far from profitable (SolarCity spends $6 for every $1 it makes in sales). Nevertheless, Tesla CEO Elon Musk describes the acquisition as "blindingly obvious" — a necessary step in his so-called "Master Plan" to integrate clean energy generation and storage. Cont'd...
Utility Dive: More than 85% of Tesla's unaffiliated shareholders voted in favor of the $2.6 billion deal with SolarCity, which will allow the companies to move forward with an integrated solar roof and battery storage offering. Cont'd...
Ivan Penn and Russ Mitchell for The LA Times: Like some kind of 21st century Willy Wonka, audacious entrepreneur Elon Muskchose a prime spot on the Universal Studios Hollywood backlot tour to unveil his latest attempt to energize an industry — roofs that generate solar power but look like no other.
Musk, the chief executive of Tesla Motors and chairman of SolarCity, showcased a line of high-design solar roof tiles that would replace clunky solar panels and tie into an upgraded version of the Tesla wall-mounted battery for those times when the sun doesn’t shine. The glass solar shingles resemble French slate, Tuscan barrel tile or more conventional roofing materials with a textured or smooth surface.
“The key is to make solar look good,” Musk said during the product introduction staged on the old set of ABC’s “Desperate Housewives” series, where he had re-roofed four of the Wisteria Lane houses. “If this is done right, all roofs will have solar.” Cont'd..
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