The executive has worked at Tesla for 7+ years where they were the first FTE hired for Tesla's Energy Team. As part of their role, they have been involved in deploying Tesla Superpack, Powerpack, and Megapack energy storage systems in commercial and industrial projects. The expert was also responsible for the deployment of various turnkey solar and storage projects at commercial and industrial facilities in North America.
This is a snippet of the transcript, sign up to read more.
In the United States, they (Tesla) have the lion's share of the home energy storage market, with 70% to 80% of battery systems in homes being Powerwalls. This is because it's easy, more affordable, and the power and energy you get for the price is still the best in class. Powerwall 3 will only improve this further.
This is a snippet of the transcript, sign up to read more.
The agreement was that the utility could manage the battery when the grid is up, meaning they can increase or decrease the load at the customer's house as the grid operator. If the power goes out, the homeowner can use whatever energy is left in the battery during the outage. The goal is to have an aggregated virtual power plant with all the residential Powerwall homeowners, so they can control all of them with one command, either charging or discharging. They want the cost of generating energy through this method to be less than buying electricity on the open market or generating it at their other sites. Utilities can quickly look at their avoided costs and determine the economic viability of this model.
This is a snippet of the transcript, sign up to read more.
Tesla is trying to chase the profit margin on the Powerwall, which was around 30% when I was there. It could be a little more or less, but they aimed for above 30%.
This is a snippet of the transcript, sign up to read more.
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2023 IP 1 Ltd. All rights reserved.
The executive has worked at Tesla for 7+ years where they were the first FTE hired for Tesla's Energy Team. As part of their role, they have been involved in deploying Tesla Superpack, Powerpack, and Megapack energy storage systems in commercial and industrial projects. The expert was also responsible for the deployment of various turnkey solar and storage projects at commercial and industrial facilities in North America.
Subscribe to access hundreds of interviews and primary research