Topics

Wal-Mart Stores, Inc.
Tesla plugs into new markets with batteries for electricity storage
Tesla plugs into new markets with batteries for electricity storage

Billionaire Elon Musk's Tesla Motors Inc. is expected to announce next week that it will expand into a new business offering battery-based energy storage for residential and commercial customers. Documents filed with the California Public Utilities Commission show that Tesla already has launched pilot projects that leverage technology it has developed for electric car batteries to create a way for homeowners and businesses to store power. The Palo Alto automaker is scheduled to collect $65 million in state incentives for its projects under the advanced storage technology portion of the PUC's Self-Generation Incentive Program, according to Terrie Prosper, a spokeswoman for the...

Loading