Tag: energy
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Tesla reports back-to-back profitable quarters
Tesla reported Wednesday a profit of $139 million, or $0.78 per share, along with better-than-expected earnings, nevertheless failed to meet analysts’ expectations for earnings in the fourth quarter. Shares dropped after the markets closed and are down 1.7 percent as of 2:30 pm PT. Tesla has been able to string together two lucrative intervals in…
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Tesla is working on a system that makes Solar Roof tiles look even better
While Tesla’s Solar Roof tiles happen to be set up on the houses of customers from the United States, the shingles are in generation. Unveiled back in October 2016, the Solar Roof tiles have been expected annually hit larger production volumes. Since the company heads into yet another ramp of a solution, though, Tesla appears…
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Where Can Cleantech Startups Find Funding in 2019?
Once upon a time, 10 years ago, there were actually a number of funds and general partners at Sand Hill Road VC firms dedicated to early-stage alternative energy and clean technology investing. VCs directed almost $8 billion to cleantech in 2008 and 2011, building successes such as Tesla, Sunrun, Opower and Kurion, arguably successful firms such as SolarCity and Bloom Energy, and an extremely…
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Toyota and Panasonic Form Joint Venture to Make EV Batteries
Picture Credit: Shutterstock.com Toyota Motor Corporation and Panasonic Corporation announced Tuesday that the two companies will establish a joint venture following year to generate prismatic lithium ion batteries, solid-state batteries, and ion batteries for electric vehicles. Contracts concluded today confirm prior reports of a formal partnership between the two businesses, and assemble on an arrangement…
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Tesla Cuts Workforce Again, This Time by 7%
Tesla CEO Elon Musk delivered employees a bad-news email on Friday, declaring a team cut of “approximately 7 percent. ” The layoff follows a 9 percent cut last June, amid a wider restructuring effort. The most recent reorganization information was buried in an email where Musk discussed the “voraciously aggressive ” industry where Tesla is trying…
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Tesla Powerwall 2 gets included in Australia’s battery subsidy plan for 40k homes
In a rather ironic twist, both Tesla and its own Powerwall 2 battery are added into this list of alternatives for South Australia’s Home Battery Scheme, which aims to offer subsidies to 40,000 houses. The addition of this Powerwall 2 battery into the subsidy scheme comes beneath the continuing improvement of Tesla’s ambitious Virtual Power…
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Tesla Energy, battery storage broke new ground in 2018, and 2019 will be even better
Visionaries like Elon Musk, that are aiming to get a world motivated by sustainable energy, would take pride in the business ’s progress in 2018. Over the course of this entire year, investments flowed in to research, the costs of batteries dropped, governments across the globe affirmed clean energy options, and electric vehicles such as…
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AES Completes Record-Breaking Solar and Battery Plant on Kauai
Picture Credit: AES Corporation AES Corporation established the planet ’s largest battery plant paired with solar generation Tuesday, on the Hawaiian island of Kauai. This kind of power plant produces cheap, clean energy and also uses batteries to provide power when it is most precious, instead of just as soon as the sunlight shines. That’therefore…
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SolarEdge Adds EV Tech to Its Portfolio With Majority Stake in Italy’s SMRE
SolarEdge has just taken another step to extend beyond its core solar power business into other grid border technologies — specifically, the electric vehicle space. On Monday, the Israel-based company declared intends to acquire a majority stake in SMRE, an Italian EV drivetrain, charging and telemetry technology supplier. Under the terms of the price, SolarEdge will…
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Energy Jobs: Former FERC Commissioner McIntyre Dies; New Tesla Board; Moves at Bloom and More
We begin the first Energy Jobs update of 2019 to a somber note. Kevin McIntyre, who resigned in the Federal Energy Regulatory Commission in October due to health difficulties, died last week. President Trump appointed Neil Chatterjee as chairman of both FERC upon McIntyre’s resignation. McIntyre co-led the global energy practice at Jones Day, where he…