Tesla hopes to start selling batteries in Australia early next year, in a market Morgan Stanley says may be worth $18 billion and where half of all homes are projected to be using solar power by 2040, Bloomberg reports.
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.
Dismissing a story in Canadian media that a decision on the Keystone XL pipeline is imminent, White House spokesman Josh Earnest said the State Department is still reviewing the proposed project, The Hill reports.
Environmentalists plan to protest the Obama administration approval of drilling in Arctic waters when the president visits Alaska, while the state’s governor and others plan to push for more oil and gas production, National Journal reports.
Despite New Orleans’ recovery from Hurricane Katrina – hailed by President Obama in a visit Thursday – the federal government is still falling short when it comes to improving flood defenses, according to an analysis from the Georgetown Climate Center, E&E reports.
Oil was rising again Friday after prices a day earlier racked up the biggest single day increase since March, 2009. U.S. benchmark crude for October delivery was up $1.56 to $44.12 a barrel on the Nymex, while in London Brent jumped $1.18 to $48.74, The Wall Street Journal reports.
Seeo – a California-based developer of electric car batteries that holds a licence for patents from the Lawrence Berkeley National Laboratory – has been acquired by international car parts company Robert Bosch, Reuters reports.
An analysis prepared for the New England Coalition for Affordable Energy -– which was funded by the American Petroleum Institute and America’s Natural Gas Alliance -– found that New England could end up paying $5.4 billion more for energy if the region fails to upgrade its infrastructure, the New Haven Register reports.
Hercules Offshore didn’t appeal a move by Nasdaq to have its stock deslisted from the exchange in the wake of its Chapter 11 filing, so the company stock – trading for 7 cents a share Thursday afternoon – is now handled in the over-the-counter market, FuelFix reports.
In the heart of Colorado’s drilling boom, Weld County saw the highest rate of job growth in the country even though the state adopted air pollution rules seen as a precursor to those under consideration at the Environmental Protection Agency, E&E reports.