Once again, a State of California directive works out to Tesla’s gain. The company best-known for its high-price electric vehicles was selected help solve the state’s power problem.
In 2013, the California Public Utilities Commission mandated that investor-owned utilities have a combined target of 1,325 megawatts of energy storage online by 2024. With that, in stepped Tesla Energy.
The storage arm of Tesla has been selected to build what it calls the largest lithium-ion battery storage project in the world. It will hold enough electricity to power 2,500 households for a day or charge 1,000 of its vehicles, the company said on its blog. (more…)