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SolarCity, Sunrun, others bet on Tesla's new battery right after launch

Tesla's Powerwall Home Battery. Source: SolarCity. License: All rights reserved.

May 4 (SeeNews) - US solar installer SolarCity Corp (NASDAQ:SCTY) started offering the new Tesla Powerwall home battery on Friday and several other companies are to follow suit, including US residential solar firm Sunrun Inc.

The new product was presented by Tesla Motors Inc (NASDAQ:TSLA) on Thursday. The Powerwall comes in 10 kWh weekly cycle and 7 kWh daily cycle models at a price of USD 3,500 (EUR 3,127) and USD 3,000, respectively.

SolarCity said on the same day it expects to start installing the new energy storage systems in October for residential, business and government customers. In the first half of 2016, the solar company is preparing to start offering off-grid systems to eligible Hawaii customers.

Residential solar installer Sunrun said Friday it will also work with Tesla Motors to expand access to renewable energy storage systems for homeowners across the US. Its unit AEE Solar will add the Powerwall Home Battery to its line of storage offerings.

Also on Friday, energy intelligence software (EIS) provider EnerNOC Inc (NASDAQ:ENOC) said it will too collaborate with Tesla on the deployment and management of energy storage systems in commercial and industrial buildings. They will start with select EnerNOC customers in California and later expand the offering.

The new Tesla battery is also going to Europe where energy and IT company LichtBlick will work “to intelligently integrate Tesla's new Powerwall Home Batteries into the energy market”. LichtBlick has developed the SchwarmDirigent IT platform through which it links decentralised producers and storage systems and connects them to the energy markets. LichtBlick already operates a digital power plant in Germany with over a thousand decentralised units.

The German company and Tesla Motors have entered into a global energy collaboration, which will start in Germany and then expand to EU, the US, Australia and New Zealand.

(USD 1 = EUR 0.893)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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