SOLARCITY AND TESLA TEAM UP TO STORE SOLAR

Elon Musk's Companies Team Up To Tackle Solar Power's Biggest Flaw, and Utilities Should be Scared

Tyler Crowe, December 18, 2013 (Motley Fool)

"…[T]wo companies owned by Elon Musk, Tesla and SolarCity, decided to tackle…[solar storage]…[Using Tesla’s] advanced battery technology…[they will] offer commercial customers what it is calling the DemandLogic system. Think of it as an on site smart grid. By bundling on-site generated solar power with on-site energy storage, it provides extra power necessary during peak usage and can help provide power during the event of an outage. Like all of SolarCity's offerings to the public, there will be no up front costs and the company recovers the costs of the equipment and installation from long term power purchasing agreements and service contracts…If distributed power generation/energy storage systems continue on their current trajectory, utilities will more than likely start to change their business models…” click here for more

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