A Tesla Powerpack was installed in Kalgoorlie-Boulder, located in the Goldfields region of West Austalia. It was the first of at least 10 Tesla battery storage systems that will be installed in the Goldfields region this year.
Tesla, in its Shareholder's Letter for Q1 2020, reported that energy generation and storage revenue was $293 million. In addition, the company received 260 MWh storage deployed, which is 14% more compared to 1Q 2019.
Tesla could expand its Virtual Power Plants, making a new source of revenue for Tesla Energy. Since the global pandemic caused people to stay inside their homes more, the air has become clearer around the world, which had lead some people to think about the transition to EV and green sources of energy.
Tesla's Powerpack Battery farm extension project in South Australia has been completed. With network connection works now finalized, the upgraded Hornsdale Power Reserve is preparing to become a major asset to the National Electricity Market (NEM).
The South Australian Government is providing support for Tesla to develop a community of 50,000+ homes with solar and Powerwall battery systems across the state. By sharing energy generated by the sun between homes, this reduces the cost of energy for everyone in the network.
The Hornsdale Power Reserve has saved the surrounding community millions of dollars while providing a steady stream of electricity to the grid when needed.
In this article, we will tackle Gerber, Fraval, and Russell’s answers for questions #3 and #4 which relate to Tesla Energy and Gigafactory 5--if the automaker plans to build one in the future. Without further ado, let’s get started.
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