When Covid-19 hit his small solar engineering business, chief executive Methode Maniraguha said: ‘No furloughs or layoffs – we’ll pivot.’
Tesla CEO Elon Musk finds himself in the news quite often, from groundbreaking SpaceX launches to contentious tweets. Yet one story that has flown under the radar by the brash businessman’s standards has been going on for four years now.
Tesla was once the unquestioned leader in the U.S. residential rooftop market with a market share of around 33 percent, but today, the company is No. 3, and its market share during the first quarter was a little more than 6 percent.
High-profile CEO Elon Musk has delivered on his promise to slash prices for residential solar. And the company’s reduction of prices to as low as $1.75/W after the federal tax credit is applied is likely a result of the move to online sales.
New Zealand will connect 3,000 home battery systems to the national grid to provide demand response services. The government has also set up a US$69 million finance company to accelerate investment in distributed energy generation and electric vehicles as part of its 2050 carbon neutral goals.
Labour politician Sadiq Khan has expanded his Solar Together group-buying scheme for rooftop installations in London after more than 1,000 households and small businesses signed up to discounts on residential systems under the initial phase.
The company deployed 85 MW of residential solar during Q4 2017, as the last of the big three residential solar installers sticking to the third-party solar model.
The nation’s largest residential PV installer deployed only 109 MW of solar during Q3, its lowest level in many years, but it did install 110 MWh of battery storage.
The latest bundling of solar leases and PPAs by the company that pioneered the practice is not small one.
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