Tesla borrows $520m from Chinese state-owned lenders for Shanghai Gigafactory
The electric carmaker has signed 12-month credit agreements with three of China’s ‘Big Four’ lenders as well as the development bank for Shanghai as it aims to get its lower-priced Model 3s rolling off the production line by the end of the year.
Inside JinkoSolar’s US factory
The Chinese manufacturer is ramping the third-largest module factory in the United States, as part of a resurgence in U.S. module manufacturing.
Financial backing for study of grid effects in Australia’s booming distributed generation market
The Australian Renewable Energy Agency has awarded AU$9.6 million in grants for five projects and seven studies into the role of distributed generation assets on the grid – and how to expand their penetration.
Tesla acquires storage specialist Maxwell Technologies
The target company, which specializes in supercapacitors, will become a wholly-owned subsidiary of Elon Musk’s business.
Tesla dives deeper into energy storage, as solar slumps
Elon Musk’s company is seeing tremendous success with its EVs and global manufacturing, as well as dramatically scaling its energy storage deployment. However the Solar Roof is still not being widely deployed.
Australian city will get 4 MW community battery as grid back-up
Queensland is in line for its first community-scale battery – to be installed on Townsville’s outskirts – because of the high number of rooftop solar systems and close proximity of electricity infrastructure. The energy storage system should be operating by the end of the year.
Tesla begins construction of GW factory in China
The US electric car maker wants to start production of its Model 3 in the Chinese factory. Next year, according to high-profile CEO Elon Musk, mass production of electric cars will start there.
Energy storage inverter shipments to reach 3 GW in 2018, 7 GW in 2022
According to IHS Markit, energy storage inverter shipments are on track to reach 3 GW in 2018, growing to 7 GW by 2022. Currently, SMA is the market leader. Overall, the competitive landscape is “highly volatile” with expectations that consolidation will continue.
US energy storage storm grows in strength
A Wood Mackenzie report shows U.S. energy storage deployments tripling in capacity during Q3 ’18 versus last year’s volume, while noting that the future pipeline growth rate doubled versus prior quarters to reach 33 GW of future projects.
New plans by VW, Tesla and BYD support predictions that EV sales are set to skyrocket
A number of significant manufacturing and investment plans in China, Germany and North America by major automobile makers VW, Tesla and BYD are backing up predictions that electric vehicle car sales are set to skyrocket in the coming decades.
