A nearly daily update of energy-related news:
- In a letter delivered to its shareholders, Tesla stated that it delivered 25 MWh of energy storage during Q1. Additionally, the company reported that it has delivered more than 2,500 Powerwall residential storage units and almost 100 Powerpack devices for commercial use. To meet the growing demand for their energy storage devices, the company has moved its Powerwall production to the $5 billion Gigafactory located in Nevada.
- According to the latest report from AWEA, developers produced 520 MW of new electricity generating capacity from January through March of 2016, the highest level seen in four years. This increased production is attributed to the installation of new wind turbines, a reduction in costs as well as more efficient electricity delivery systems. Texas led the country in total installed capacity and new construction.
- China seeks to build a $50+ trillion power grid to power the world by 2050. Officially named the “Global Energy Interconnection” (GEI), the GEI would connect proposed wind and solar farms located across the globe into a global power grid.