Energy Sources

Just as the Climate-focussed COP21 conference in Paris is drawing to a close, Google has expanded its Project Sunroof tool to cover more metro areas across the US. If you’re thinking of installing solar panels on your home roof, you can now check Project Sunroof in a number of metro areas in California, Massachusetts, Arizona, New York, New Jersey, Nevada, Connecticut, Colorado and North Carolina. Although no specific cities have been mentioned in the announcement, it’s safe to assume that any major cities in those states should now be covered…

Expand
Expanding
Close

Australia has the world’s highest per capita penetration of rooftop solar technology with 15% of households using solar for a total of 1.5 million households across the country. Electricity prices, which are among the highest in the world, and abundant sunlight contribute to making Australia an excellent market for solar energy and emerging home energy storage products.

Now those households will be able to combine their solar installations with Tesla’s home battery pack: the Powerwall. Origin, the largest electric utility in Australia, announced that it started to officially offer the Powerwall to its customers today.
Expand
Expanding
Close

With the Paris climate talks taking place this week, I thought it fitting to share an idea I came up with a few years ago while visiting the French capital. ‘Moulin Eiffel’ is taking the 130-year old Eiffel Tower, the iconic symbol of Paris, and outfitting it with a vertical axis wind turbine. The idea is that the tower seen around the whole world would genuinely (not BS) become energy neutral and a symbol for a sustainable energy future.

I had originally considered the option of placing a traditional “windmill” on top of the tower like you increasingly see in farms around the world, but with all of the equipment located up there already plus factoring changing wind patterns and the all important aesthetics, the vertical model works the best. This is how:

Expand
Expanding
Close

Google has announced its largest ever purchase of renewable energy to power data centers across the U.S., Sweden and Chile, reports The Washington Post. The new projects, mostly wind-powered, add a massive 842 megawatts of green energy, which Google claims is the largest investment ever by anyone other than a power company.

The investment brings Google’s total renewable energy capacity to 2 gigawatts, which is equivalent to the total energy output of the Hoover Dam. Google has pledged to power its entire operations from green energy by 2025, and Re/code reports it was 37% of the way there prior to this deal. That suggests this deal ought to take the company to around 60%.

There is a little small-print, however … 
Expand
Expanding
Close

Sonnenbatterie is the leader in home energy storage in Europe. The company is expected to represent a serious competitor to ‘Tesla Energy’ in Germany, which the automaker sees as an important market for energy storage due to the popularity of renewable energy in the country. Tesla’s head in Germany, as well as several managers, defected to Sonnenbattarie earlier this summer – hinting at a possible rivalry between the two companies.

At a press conference in Berlin today, Sonnenbatterie announced a new home battery pack, as well as a new solar panel/battery package and everyone want to know how it fares against Tesla’s Powerwall.
Expand
Expanding
Close

Earlier this year, Tesla’s head in Germany, Philipp Schroeder, left the company to join his former employer: Sonnenbatterie. Tesla quickly replaced Schroeder with its sales chief in Switzerland, but now we learn through Wirschafts Woche that 6 Tesla managers in the country followed Schroeder to the energy storage system maker.
Expand
Expanding
Close

While doing some related LinkedIn research, we found out that Ben Hill, Trinasolar’s President of Europe and Africa, recently left the company to lead Tesla’s Energy division in same the markets.

Trinasolar is one of the largest solar module manufacturers in the world. The company shipped 3.6 GW of modules last year and over 11 GW since its inception in 1997.
Expand
Expanding
Close

There’s a big reckoning happening in the solar inverter space right now. SolarEdge, an Israeli startup that we’ve profiled previously just announced bigger than expected earnings, sending their SEDG stock price up 5 points or a whopping 30% in today’s trading…
Expand
Expanding
Close

On Thursday, Off Grid Electric announced that it had raised US$25 million in a series C round led by the venture capital firm DBL Partners. Previous investors in the company SolarCity, Microsoft co-Founder Paul Allen and eBay Founder Pierre Omidyar’s fund Omidyar Network joined DBL in the financing round. Off Grid Electric, which also advertises under its M-Power brand, offers solar energy as a service in Africa, starting with Tanzania and recently in Rwanda.
Expand
Expanding
Close

Tesla Motors, SpaceX and SolarCity – three companies influenced by Elon Musk – are currently on a massive hiring spree around the US. They already have a combined headcount of over 32,000 employees and the total is set to increase significantly in the coming months. We learned that Musk’s companies are holding joined private recruiting events, the latest of which held last weekend at SpaceX’s headquarters in Hawthorne, California.

Recruiters from each company select students recommended through university programs and invite them to the relatively secretive events to interview with SolarCity, SpaceX or Tesla.
Expand
Expanding
Close

SolarCity, the biggest solar installer in the U.S., will attempt to hire 500 new employees in a single day on October 21. The company already employs over 14,000 workers in the U.S. and is adding more than 500 per month on average.

PR stunt? Maybe, but nonetheless the move is highlighting the importance of the solar industry in the U.S. job market.
Expand
Expanding
Close

Jim Chanos is a famed billionaire hedge fund manager known for short selling companies. He is also a regular market commentator for CNBC and Bloomberg. Chanos recently disclosed having a short position on solar installer SolarCity (SCTY) and although he refused to disclose his position on Tesla Motors (TSLA), he doesn’t have good things to say about the company.

During an interview with Bloomberg on Monday morning, Chanos explained why he thinks both companies are overvalued, but the “facts” he used to support his opinion are misleading.
Expand
Expanding
Close

Earlier this month SolarCity announced details of a new high-efficiency solar panel it plans on producing at its 1 GW module factory under-construction in Buffalo, NY. The company claimed that the module’s 22.04% efficiency was enough to make it the “most efficient rooftop solar module” ever made.  The claim apparently sparked a “war” of high-efficiency solar panels because in the week following the announcement two other solar panel makers claimed to have surpassed SolarCity’s record.
Expand
Expanding
Close

SolarCity announced today a new project with the Temecula Valley Unified School District to install 6 MW of solar energy capacity and 2.6 MWh of energy storage at a total of 19 schools in the district. The solar installations will mainly consist of carports using the company’s ZS Beam system (see picture above).
Expand
Expanding
Close

According to a new report from GTM on Sunday, SunEdison sent out an internal memo last Friday to announce an important restructuring process which will include laying-off about 10% of the company’s workforce. The restructuring comes amid investor concerns about the company’s strategy which has been “all over the place” lately. Most notably, the company’s acquisition of the residential solar installer Vivint for $2.2 billion earlier this summer.

The decision to buy a residential solar provider was out of SunEdison’s core business, which mostly consist of developing utility-scale solar projects. Now the company might have to sell some of these projects in order to get rid of mounting debts (~$10 billion).
Expand
Expanding
Close

SolarCity announced today that it has built the most efficient rooftop solar module with 22% efficiency according to a third party tester: Renewable Energy Test Center. Until now, SunPower’s X-Series panel was considered the most efficient rooftop panel with 21.5% efficiency.

SolarCity CEO Lyndon Rive says that the new modules will produce between 350 to 360-watt compared to the company’s current 260-watt panels.
Expand
Expanding
Close