Tag: energy
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The world’s largest floating solar farm to be built in Indonesia
Singapore-based solar energy provider Sunseap will spend more than $2 billion to build the world’s largest floating solar farm and energy storage system on Indonesia’s Batam Island, which is across the Singapore Strait from Singapore. more… The post The world’s largest floating solar farm to be built in Indonesia appeared first on Electrek. Article Source and…
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Tesla wants to sell electricity in Texas
Elon Musk’s Tesla is looking beyond electric vehicles, solar panels and energy storage and wants to now supply electricity directly to customers, according to an application filed with Texas electricity regulators earlier this month. Energy Choice Matters first reported on the application. The application, filed with the Public Utilities Commission of Texas on August 16,…
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Tesla co-founder’s battery recycling firm gets a cushy $700M investment round
Redwood Materials, a battery recycling company founded by Tesla co-founder J.B. Straubel, has announced a $700 million investment round from external investors. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc., and includes contributions from Goldman Sachs Asset Management, Baillie Gifford, Canada Pension Plan Investment Board, and Fidelity. Additionally,…
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Tesla solar and battery storage deployments tripled year-over-year in Q2 2021
Tesla’s second-quarter results may be headlined by its $1.1 billion of GAAP net income, but its energy division achieved some incredible milestones as well. In Q2 2021, energy storage and solar deployments tripled year-over-year, hinting at strong demand for products like the Powerwall and the Solar Roof. Tesla noted in its Q2 2021 Update Letter…
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Elon Musk makes opening remarks in SolarCity trial, defends Tesla’s $2.6B acquisition
Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 billion acquisition of solar energy company SolarCity. The deal took place in 2016 and gave Tesla full possession of the solar panel maker, a move that some Tesla shareholders were not keen on, as some are alleging…
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Tesla’s solar neighborhood in Austin could help TX learn if renewables are viable
Last week, Elon Musk announced Tesla’s first involvement in a major housing development project in Austin, Texas. The project aims to build the first Tesla Solar neighborhood, making a sustainable residential community. The Tesla Solar neighborhood was provisionally named SunHouse at Easton Park. Tesla Energy has partnered with developers Brookfield Asset Management Inc. and Darca…
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Ambani to challenge Musk, Adani; to enter green energy business
NEW DELHI: In a bid to make the most of emerging green energy business and make its business future-proof, Reliance Industries on Thursday said it would enter the green energy business.Mukesh Amabani, Chairman of Reliance Industries, told the annual general meeting of Reliance Industries that his company would invest Rs 60,000 crore in building four…
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Tesla China to launch Powerwall batteries and residential solar for domestic market
While Gigafactory Shanghai has been producing electric vehicles for the local Chinese market for over a year now, Tesla China’s operations have so far been focused on the company’s electric car business. If recent teasers from Tesla are any indication, however, it appears that the company is now preparing to launch its residential energy products…
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Redwood Materials opens up new facility just miles from Tesla Giga Nevada
Redwood Materials, a battery and e-waste recycling enterprise out of former Tesla executive J.B. Straubel, has opened up a new manufacturing center in the Tahoe-Reno Industrial Park, only miles away from Tesla’s Giga Nevada production facility. Redwood’s new facility is only miles away from Tesla Giga Nevada, in which the automaker has a joint venture…
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Tesla donates $3.1M of $6M grant to Jeff Dahn’s Dalhousie University battery team
A Group of battery Research Workers in Canada’s Dalhousie University are the recipients of a $6 million grant from the Natural Sciences and Engineering Research Council (NSERC). The NSERC provides the team, headed by Dr. Jeff Dahn, $2.9 million in funding. Tesla, who’s worked closely with Dahn’s team, will also contribute an extra $3.1 million…