Tesla | May 13, 2021
Tesla has recently intended to join the lucrative renewable fuel credit market, which is currently dominated by ethanol producers and is soon to be opened up to electric vehicles.
At least eight companies have submitted to the Environmental Protection Agency to be included in the multibillion-dollar US renewable credit market, but their names have not been released.
According to Reuters, Tesla is one of those companies: “Tesla Inc is trying to penetrate the multibillion-dollar U.S. renewable credit market, aiming to benefit from the Biden administration's march toward new zero-emission targets, according to two sources familiar with the matter.”
The program was launched in the mid-2000s by the Bush administration to improve the US biofuel industry and reduce the country's reliance on foreign oil.
In the meantime, it created an unusual scenario in which a large amount of farmland began to be used by ethanol producers, who are now largely funded by the program.
Since electric cars will also help achieve this aim, it has been recommended that they be included in the program, which the Biden administration is expected to review.
According to Reuters, Tesla's inclusion in the program may be very disruptive:
“However, it is likely to irritate those in the United States refining industry, which will need to purchase the credits, known as RINs, generated by Tesla and other alternative fuel providers, essentially subsidizing an electric car firm that aims to push petrochemical refiners out of business.”
The specifics of Tesla's participation remain unknown at this time, as they will need to track the use of renewable energy in their electric vehicles.
It seems difficult to execute, but it makes sense because it seeks to accomplish the same purpose as the original program.
Around the same time, it will most likely benefit farmers whose yields have been severely affected by ethanol producers, who are currently utilizing approximately 40% of corn crops.
It would certainly be a new source of revenue for Tesla, which could be significant, particularly when combined with the possible reform of the federal EV rebate program.
Longroad Energy | February 16, 2021
Longroad Energy Holdings (Longroad), a US-based renewable energy engineer, proprietor, and administrator, announced today the marking of the procurement of Sun Streams 2, 4, and 5, which absolute around 900 MWdc altogether solar limit in addition to the potential for 1-2 GWh of battery stockpiling. Longroad likewise shut the procurement of Sun Streams 2. The end of Sun Streams 4 and 5 is dependent upon administrative endorsements and standard shutting conditions.
The activities were bought from First Solar, Inc. (Nasdaq: FSLR). Longroad will likewise control its Sun Streams portfolio with First Solar's capably created solar innovation and has executed buy arrangements for 900 MWdc of Series 6 modules, of which 700 MWdc address new appointments for First Solar.
Sun Streams 2 is being developed by McCarthy Building Companies and is relied upon to be operational in June 2021. Sun Streams 2 energy creation is sold under a drawn out agreement.
Sun Streams 4 and 5 are improvement projects with target operational dates of 2022 and 2024, separately. The two activities are as of now uncontracted and remarkably situated to oblige an assortment of offtake structures, with or without capacity.
"Arizona is an important location for Longroad as we seek to bring competitive renewable projects to power buyers in the Western U.S.," said Paul Gaynor, CEO of Longroad Energy. "The Sun Streams complex is ideally positioned. It is adjacent to one of the most significant power hubs in the desert Southwest and California, the solar resource is excellent, and we have multiple transmission options with direct access to CAISO and the Southwest markets. We also have the ability to include a significant amount of energy storage capacity to make the assets even more competitive. We look forward to bringing the rest of the Sun Streams complex to fruition."
The Sun Streams acquisitions expand on a developing presence in Arizona for Longroad, which as of now possesses working solar undertakings in the state just as a current improvement portfolio. Longroad has dispatched the beginning exertion for the Sun Streams 4 and 5 activities.
About Longroad Energy Holdings, LLC
Longroad Energy Holdings, LLC is focused on renewable energy project development, operating assets, and services. Today, Longroad owns 1.6 GW of operational and under construction wind and solar projects across the United States. Its services affiliate, Longroad Energy Services, operates and manages 3.0 GW in total comprised of these projects plus 1.4 GW of wind and solar projects on behalf of third parties. Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad's management team.
Tesla | April 22, 2021
In ongoing remarks on Twitter, Elon Musk declared that Tesla's Solar Roof and conventional sun-oriented boards would now be sold distinctly as an incorporated item with the Powerwall, the organization's well-known private battery framework. Tesla would begin selling the packaged private energy items starting one week from now.
In a later tweet, Musk referenced that having a coordinated sun-oriented and battery framework should introduce a few benefits, for example, a more consistent establishment measure. The Powerwall battery would likewise only interface between the utility meter and the home's fundamental breaker boards, giving clients reinforcement energy simply if a blackout follows.
"Sun-based force will take care of solely to Powerwall. Powerwall will interface just between the utility meter and house principle breaker board, empowering very straightforward introduce and consistent entire house reinforcement during utility dropouts," Musk composed.
The Tesla Powerwall remains as quite possibly the most mainstream private battery frameworks on the lookout, somewhat because of the way that it offers the most affordable stockpiling alternative on a for each kWh put away premise, according to information from EnergySage in its 11th semiannual Solar Marketplace Intel Report. Taking into account that the interest for the battery has brought about considerable delay times for Powerwall clients, Tesla's choice to sell the energy stockpiling framework with sunlight-based items bodes well.
Musk's new updates came not long after a Twitter connection with ARK Invest Director of Research Brett Winton, who depicted the momentum circumstance with his Tesla close planetary system. As per the expert, his sun-oriented + Powerwall arrangement has not created a solitary watt-hour since its establishment back in January, just because the utility has not affirmed the association. In his reaction, Musk noticed that utility authorization is ordinarily required when the Powerwall is full and equipped for settling the lattice.
Tesla's Solar Roof tiles have been the subject of a few news stories lately, incompletely because of reports from clients who noticed that their framework's assessments have seen an outstanding cost increment. The cost increments are huge, with one client disclosing to Ars Technica that their Solar Roof quote had been refreshed from its underlying appraisal of $66,000 to an undeniably more costly $87,000. "Tesla has reneged on its sun-based rooftop contracts and has raised the costs for individuals (like me) who have effectively marked an agreement with them," the Solar Roof client noted.
Tesla has not given insights concerning these revealed cost increments, however, the organization's online expense assessor for the Solar Roof currently gets some information about their rooftop's "intricacy," which considers factors like pitch, number of joints, chimney stacks, and different highlights. Tesla additionally featured in its online expense assessor that "mind-boggling rooftops take additional time and material to introduce than straightforward rooftops."