Engerati’s Week In Energy – Tesla Storage Goes Down Under

Tesla Motors CEO - Elon Musk
Tesla Motors CEO – Elon Musk

Tesla Motors CEO Elon Musk’s recent energy storage announcement has attracted an interest more usually associated with the likes of the late Steve Jobs of Apple or Facebook’s Mark Zuckerberg.

Which can only be good for the industry, as even if many people don’t immediately become customers of the company’s product, or of any storage, they will have at least been made more aware of its existence and the potential for home generation and energy management.

Though the announcement was an open secret, what was more closely guarded was the extent to which Tesla has started working with innovative utilities and others to demonstrate and distribute its batteries. [Tesla Batteries Trial In US] To this list can be added Vector in New Zealand, which appears to be the first utility outside the US to partner with the company.

In a press release Vector says it has been working for some months to cement a “special relationship” with Tesla to provide the Tesla home battery to New Zealand. “This is the start of a significant change in the energy industry. Tesla is the largest producer of batteries in the world, as well as the most cost effective, and this strong relationship with Tesla will allow us to take it to the next level across the country,” said CEO Simon Mackenzie.

Vector, New Zealand’s largest energy service provider with more than 700,000 customers countrywide, is a strong promoter of residential solar energy, with innovative pricing options including leasing available. With the addition of storage on similar terms Vector will become one of the first utilities to offer such a combination and may catapult New Zealanders among the early leaders in using these technologies. It also reinforces our view that innovative partnerships within the industry such as this are the order of the day for utilities in facing the changing energy market. [From Utility to Energy Services Company – Fighting Back with New Ideas]

More from Engerati

Compressed Air Storage Could Be Better Than Batteries

Compressed air energy storage (CAES) is becoming a serious contender in the energy storage market which is set to reach $21.5 billion by 2024. Compressed air energy storage systems can be used to store large quantities of power for weeks at less than the cost of batteries.

Egypt’s Sustainable Energy Future On Track

Egypt’s electricity demand is growing at one of the fastest rates in the world but the government’s clear commitment to the development of renewable energy has the potential to create one of the world’s largest renewable energy markets.

Risk Analysis Can Improve Transmission Planning

Risk-based approaches to project planning can provide a strong analytical framework to identify system weaknesses, compare multiple alternatives for system upgrades, and justify transmission upgrades.

200MW Hereford Wind Project, Texas Completed

The Hereford Wind project in Deaf Smith County, Texas interconnects with the Competitive Renewable Energy Zone (CREZ) transmission infrastructure which enables the transmission of sustainable, clean, competitively priced power from West Texas to the rest of the state.

Azerbaijan To Upgrade Its Power Distribution Network

The Asian Development Bank (ADB) and Government of Azerbaijan have signed a Memorandum of Understanding for a $1 billion investment programme to rehabilitate and expand the country’s power distribution network.