Tesla and Panasonic to develop more solar energy products next year

Solar Energy Partnership

Tesla forms a new deal with Panasonic Tesla Motors has announced that it will be working more closely with Panasonic in the solar energy space. Together, the companies will begin work on manufacturing photovoltaic cells and modules. Plans to do so were first outlined two months ago, when the companies signed a non-binding letter of intent. Per the letter of intent, the companies aim to use their new photovoltaic cells to provide power for Tesla’s energy storage solutions, the Powerwall and Powerpack. New facility to be built in Buffalo, New…

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Tesla aims to acquire SolarCity to promote solar energy systems

Tesla Motors has made an offer on SolarCity Elon Musk is setting to bring Tesla Motors and SolarCity closer together. Tesla Motors has made a $2.8 billion stock-to-stock offer for SolarCity, which is one of the largest and most successful solar energy providers in the United States. Elon Musk is one of the founders of SolarCity and is currently serving as a chairman for the company. Musk is also one of the founders of Tesla Motors and believes that both companies should share a closer relationship. SolarCity could give electric…

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SolarCity aims to expand the US solar energy market

SolarCity intends to bring solar power to more homeowners and renters SolarCity, a company that has specialized in bringing solar energy to homeowners, is looking to expand the residential solar market. The company has been aggressively promoting its products and services, namely its leasing programs that can make it less expensive for homeowners to embrace solar power. Now, SolarCity may have found a way to engage millions of consumers that may be interested in taking advantage of solar energy and the financial benefits it may be able to offer. Renters…

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Cost of electric vehicles is dropping quickly due to advances in battery technology

Battery technology is becoming more cost effective Electric vehicles are becoming more affordable at a rapid rate, and advances in technology may be the reason. In recent years, lithium-ion batteries have been dropping in price, largely due to companies, like Tesla, making significant advances in battery technology. Batteries are becoming more efficient and less expensive, which is likely to have an impact on the price of electric vehicles in the coming years. As these vehicles become less expensive, they are expected to become more attractive to consumers interested in clean…

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SolarCity to offer energy storage solution as well as solar energy systems

Solar energy company will make Tesla’s Powerwall storage solution available to homebuilders SolarCity, a leading solar energy company that has made it possible for thousands of homeowners to embrace solar power, has officially announced that its new energy storage solution will be available for new homes in California. The storage solution, called the Powerwall, comes from SolarCity’s parent company, Tesla. The storage solution designed to make renewable energy more feasible for homeowners. The Powerwall is also meant to improve the energy efficiency of homes. Powerwall will be acquired through the…

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Tesla is breaking into the renewable energy storage space

Tesla unveils the Powerwall, a battery system designed with renewable energy in mind Tesla Motors is no longer only in the transportation business. The company has unveiled what it calls the Powerwall, a battery system designed for homes instead of vehicles. The Tesla Powerwall is designed to store energy that homeowners generate with solar panels on their properties. Tesla is hoping to pave the way to a future of self-powered homes, which have little impact on existing energy grids and require less electrical power than those that receive energy though…

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