Tesla has an announced rival in the home and commercial energy storage market: Daimler AG Tuesday announced it was starting to take orders for batteries that bear the Mercedes brand, International Business Times reports.
Tesla chief Elon Musk, alongside his technology partner JB Straubel, told utility executives this week that his company would like to see battery storage used to help power grids cope with the advent of renewable energy, E&E reports.
The market for home battery systems that cost thousands of dollars is presently very small, The Wall Street Journal reports, noting that Tesla’s Elon Musk and his competitors are banking on swift growth as they push to develop energy storage systems.
NEW YORK (AP) — Elon Musk, the star CEO of the electric car company Tesla Motors and the rocket company SpaceX, staged an elaborate event last month to unveil a new product. Not a sleek new luxury car. Not a rocket that can ferry people to Mars. A home appliance — a battery — that can be mounted on a garage wall and ignored.
The reason for all the excitement is because of what batteries like these might someday do. They may make the electric power grid more robust and able to handle increasing amounts of wind and solar power. In conjunction with rooftop solar systems, batteries may help homeowners reduce their electric bills. And some homeowners, like Mike Thielen — who installed a Tesla battery prototype last year in his Redondo Beach, California, home as part of a state home storage testing program — would like to use them to say goodbye to their electric utility forever.
Tesla Motors' battery plant under construction in Sparks, Nev., is ahead of schedule, CEO Elon Musk told investors Wednesday, as the company plans to begin production of auto and home cells, modules and battery packs by 2016, Bloomberg reports.
FOSTER CITY, Calif. (AP) — Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market.
The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants — and he can profit. On Thursday night, before an adoring crowd and a party-like atmosphere, Musk unveiled how he intends to do it.
The narrow window for Shell to drill exploratory wells in the Arctic could become even smaller as a result of sea ice clogging the area around the Chuckchi Sea’s Burger prospect, where the company is planning to conduct its operations, FuelFix reports.
United plans to become the first U.S. airline to operate a regularly scheduled commercial domestic flight using alternative fuels, and also will announce Tuesday a $30 million investment in Fulcrum BioEnergy, The New York Times reports.
Gov. Bill Walker is set to approve an update to Alaska’s Interior Energy Project, signing into law Tuesday a bill that extends the search for natural gas in the state beyond the North Slope, the Fairbanks Daily News-Miner reports.
Despite Monday’s Supreme Court ruling impacting the Mercury and Air Toxics Standards rule, Michigan South Central Power Agency and Iowa’s Alliant Energy won’t reverse their decisions to shut coal-fired plants, officials have told Platts.
Democratic Gov. Tom Wolf's decision to slash estimates for the number of Pennsylvania jobs provided by the shale-gas industry –- to 89,000 -– is the latest in a series of actions alarming drillers in the state, The Wall Street Journal reports.
Continuing concerns about the future of Greece in the European Union were weighing on oil prices early Tuesday. U.S. benchmark crude lost 14 cents to $58.19 a barrel in electronic trading on the Nymex, while in London Brent dropped 3 cents to $61.98, Reuters reports.
Documents that Patriot Coal Corp. filed in court about its bankruptcy did not contain detailed information about the compensation for officers and directors of the company, The Wall Street Journal reports.
Venture capital firm Energy Power Partners has bought Talen Energy’s renewable subsidiary -– including 65 megawatts of generation from 25 projects in 4 states –- for an undisclosed sum, according to The Morning Call.