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Tesla Will Install More Energy Storage With SolarCity In 2016 Than The US Installed In 2015 (electrek.co)

Posted by BeauHD on from the make-a-statement dept.

An anonymous reader writes: Tesla is scheduled to install more energy storage capacity in 2016 with SolarCity alone than all of the US installed in 2015. It was revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC) that Tesla foresees an almost 10x increase in sales to SolarCity for behind the meter storage. [From the SEC filing: "We recognized approximately $4.9 million in revenue from SolarCity during fiscal year 2015 for sales of energy storage governed by this master supply agreement, and anticipate recognizing approximately $44.0 million in such revenues during fiscal year 2016."] This revenue projection means Tesla expects to install approximately 116 MWh of behind the meter storage. The U.S. for example installed about 76 MWh of behind the meter storage. SolarCity and Tesla Energy doubled their battery installation volume last year. What's particularly noteworthy is that the 116 MWh expectation does not include SolarCity's biggest project -- Kauai Island's coming 52 MWh system. Hawaii is aiming for 100% renewable energy by 2045 and has contracted with SolarCity to balance the two 12MW Solar Power plants with the Kauai Island Utility Cooperative (KIUC). By 2020, there will be 70 GWh of Tesla battery storage on the road, and Straubel expects there to be 10 GWh of controllable load in those cars.

1 of 149 comments (clear)

  1. We are all hammers, everything is a nail by TheRealHocusLocus · · Score: 3, Funny

    It's a useless project. Can anyone explain any way this would be worthwhile? ..
    Yeah, didn't think you could!

    PHASE I

    1. Install electric utility meter on house [done]
    2. Install solar panels on house [done]
    3. Install battery storage in house [done]

    PHASE II

    4. Extend axles through basement windows
    5. Mount monster truck tires
    6. Hook washing machine and dryer to drive shaft
    7. Mount steering wheel on front porch
    8. Install La-Z-Boy recliner seat

    PHASE III

    9. Fire it up!
    10. Pull out and head down the highway, dragging the entire North American energy grid infrastructure behind it.

    Project REDNECK SOLAR HYBRID HOUSE complete.

    --
    <blink>down the rabbit hole</blink>