Tesla's Energy Plan Moves Forward With EnerNOC
SolarCity: One More Step Towards Energy Domination
Edison International (EIX: Quote) said FRiday that it has established commercial agreements with Tesla Motors, Inc. (TSLA: Quote) as part of its launch of a new line of Tesla Energy products.
Sunrun, the largest dedicated residential solar company in the U.S., today announced its collaboration with Tesla Motors, Inc. (NASDAQ:TSLA) to expand access to renewable energy storage systems for homeowners across the country. As part of the agreement, AEE Solar, the leading nationwide distributor of solar products and a subsidiary of Sunrun will add Tesla's recently announced Powerwall Home Battery to its line of storage offerings sold for use in homes.
As sources from Morgan Stanley put it : "Given the relatively high cost of the power grid, we think that customers in parts of the US and Europe may seek to avoid utility grid fees by going "off-grid" through a combination of solar power and energy storage. We believe there is not sufficient appreciation of the magnitude of energy storage cost reduction that Tesla has already achieved, nor of the further cost reduction magnitude that Tesla might be able to achieve once the company has constructed its "Gigafactory," targeted for completion later in the decade." The report states that Tesla's future batteries could potentially store more than 10 gigawatt hours of energy per year, which is enough to run an average home for 1000 years!
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