Everyone already knows the big news this week was that Tesla Motors will buy SolarCity Corp. for $2.6 billion — a move that helps Tesla improve its economies of scale when it comes to manufacturing battery storage for both cars and energy. It’s a move that, generally, has positive implications for the development of battery storage across the board.
Tesla Motors Inc. said today that it is buying SolarCity Corp. for $2.6 billion. Tesla Chief Executive Elon Musk, who said publicly in June that the two would try to pair, has said that the goal here is to wed the battery storage business with the rooftop solar panel business.
Smart, clean technologies have taken the market by storm, promising to change our built environment and grid infrastructure forever. Commanding over $430 million in venture capital in just the second quarter of 2016 alone, it has already been a banner year for these enabling technologies.
US. Senator Martin Heinrich (D-N.M.), a member of the Senate Committee on Energy and Natural Resources, has co-sponsored the Energy Storage Tax Incentive and Deployment Act, a bipartisan bill to establish investment tax credits (ITC) for business and home use of energy storage.
ViZn Energy Systems and Alpha Energy have entered into a partnership that will offer turnkey energy storage systems to large businesses, utilities and at the edge of the grid, according to ViZn. ViZn produces zinc and iron chemistry-based flow battery energy systems. Alpha Energy, which is a member of the Alpha Group, markets turnkey renewable …Continue Reading
Is Tesla’s recently submitted offer to purchase SolarCity, valued at $2.8 billion, a grand plan to create an integrated energy company, or a last ditch attempt to save an empire deeply in debt?
Demand Energy and EnerSys have completed the first of five storage projects that will be enrolled in Con Edison’s Demand Management Program, according to Demand Energy.
President Obama is determined that one of his lasting legacies become the expansion of the New Energy Economy, which includes renewables, microgrids and energy storage. To that end, last week, he launched a new series of executive orders to achieve such measures — with this set focused on energy storage.
New York has stated goals of 50 percent electricity generation from renewables by 2030 and 80 percent GHG reduction (from 1990’s levels) by 2050. To do this, they’ll need widespread renewable generation, particularly intermittent wind and solar resources, which presently generate only 3.3 percent and 0.5 percent of the state’s energy needs.
MIT has a new way to design batteries to store energy: Liquid flow devices whereby the positive and negative electrodes are liquid and separated from the membrane — something only those scientists and engineers really understand.