May 2 Energy News

May 2, 2015

Tesla:

¶ “Tesla’s Home Battery Offering In Context — Pricing Much Lower Than Expected” I think one of the lessons of the day is to trust Elon Musk. When he said approximately a month ago that Tesla would be announcing a “major new product line” on April 30, he wasn’t using the term “major” in a light way. [CleanTechnica]

Tesla Home Storage Powerwall

Tesla Home Storage Powerwall

¶ Green Mountain Power is the first utility in the country to partner with Tesla to offer Tesla’s new home battery to customers. It says a radical change to the grid will begin in Rutland City. The batteries will become available in October, and GMP plans to offer incentives as well as in-bill financing to buyers. [Rutland Herald]

¶ “7 Things You Need to Know About Tesla’s New Home Battery” The internet has been a flurry of speculation for weeks. But now, after the big unveiling late last night, the time for speculation is over. Quell your curiosity, and spend 10 minutes learning everything you need to know about Tesla’s new battery. [Triple Pundit]

¶ Almost three hours before Tesla’s big announcement, inside a Northwestern University classroom near Chicago, famed nuclear critic Arnie Gundersen had the inside scoop: Elon Musk would announce an industrial-scale battery that would cost about 2¢ per kWh, putting the final nail in the coffin of nuclear power. [Forbes]

World:

¶ A £70 million tidal project that was shelved last year could now be revived after a global leader in the industry bought up the scheme. The 10-MW Skerries Tidal Stream Array, which was to be Wales’s first commercial tidal energy farm, would see seven massive tidal generators located in up to 130 ft of water. [WalesOnline]

Artist's impression of tidal stream turbines developed by Marine Current Turbines of Bristol

Artist’s impression of turbines developed by Marine Current Turbines of Bristol

¶ Since 2005, Venezuela’s socialist government has sent $70 billion of subsidized oil to Nicaragua and other Caribbean area nations, according to Barclays Investment Bank. This secured political allies, countering US influence. Now, the US is encouraging a regional shift toward renewables and independence from oil. [Wall Street Journal]

¶ Germany’s DanTysk offshore wind power plant has officially been inaugurated. The installation features 80 Siemens wind turbines with a total capacity of 288 MW. The wind power plant can generate up to 1.3 billion kWh per year, enough to match the annual consumption of about 400,000 German households. [Renewable Energy Focus]

US:

¶ According to the Energy Information Administration, in 2015, electricity-generating companies will add 20 GW of capacity to the grid. Of that amount, about 68% will come from renewable energy sources. And this good news is just the tip of the iceberg when it comes to renewable energy around the world. [Investing.com]

¶ President Barack Obama has signed bipartisan legislation to bolster energy efficiency measures in commercial buildings and homes. One component of the Energy Efficiency Improvement Act promotes energy efficiency for renters through a branch of the Energy Star program, which is called “Tenant Star.” [State Journal]

¶ Caterpillar and First Solar, Inc today announced a strategic alliance to develop an integrated PV solar solution for microgrid applications. Under the agreement, First Solar will design and manufacture a pre-engineered turnkey package for use in remote microgrid applications, such as small communities and mine sites. [3BL Media]

¶ US Representative Scott Perry continued his efforts this week to remove government barriers to the development of hydropower in the US by sponsoring an amendment to HR 2028, the Energy-Water Appropriations bill for Fiscal Year 2016 that would restore funding for this vital energy resource. [RealEstateRama]

¶ Xcel Energy is seeking state regulators’ approval to develop and own the proposed 200-MW Courtenay wind farm near Jamestown, North Dakota. The 100-turbine Courtenay project is expected to create about 200 construction jobs and provide about $850,000 in annual tax revenue to local governments. [Energy Business Review]

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