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2022-06-01

$Tesla Motors(TSLA)$

Elon Musk and Tesla just made another win, so yes, Elon is on his way to become to richest man on Earth.

Tesla Inc. is hoping to turn some Texas homes into “virtual power plants” after tests showed its home batteries can be quickly tapped to reduce stress on the state grid.

Tesla is making the push after trying a project that pooled together 64 northern Texas homes outfitted with rooftop solar and Powerwall batteries. The pilot project showed that the setup can tap spare battery capacity and provide grid services within seconds, executives said Tuesday at a grid workshop hosted by Elon Musk’s company.

Tesla is advocating for rule changes with the main Texas grid operator to set terms on how owners of such residential batteries can participate in the power market and be compensated. Households received gift cards for their role in the pilot project. A residential program could be rolled out within a year if the Electric Reliability Council of Texas approves, Arushi Sharma Frank, Tesla’s US energy markets policy lead, said during Ercot’s virtual workshop.

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Comments

  • CyrilDavy
    2022-06-01
    CyrilDavy
    I have to admit, Musk is a man of great foresight. He began to plan his business empire many years ago, including cars, solar energy, electricity storage, etc.
  • powerbert
    2022-06-01
    powerbert
    I am holding on to it.
  • LeilaLynch
    2022-06-01
    LeilaLynch
    According to Musk's vision, after fossil resources are exhausted, humans should be able to use more other renewable resources.
  • CrystalRose
    2022-06-01
    CrystalRose
    New energy has always been one of Musk's goals. With powerful power generation and storage technology, he began to enter the power grid industry.
  • x2espresso
    2022-06-01
    x2espresso
    sky is the limit
  • Brrrrrrrrrrr
    2022-06-01
    Brrrrrrrrrrr
    Waiting for the official stock split news
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