First launch of Tesla
The quarterly earnings report released this week showed that although the loss was greater than expected, the interest in electric vehicles was also weakened, but the news still made headlines, some of the other highlights of the company quarter may have slipped away from you.
While this is a small part of Tesla's effort, its energy storage unit is very exciting.
Results from the first quarter showed that the company would roll out a simplified online sales channel, simplifying the residential storage business.
"Revenue from energy production and storage will increase significantly in 2019.
This increase is mainly due to the growth of the storage business, because we have increased production to solve the backlog of Powerwall orders and delivered the order pipeline for commercial storage, as well as the second half of 2019, the US solar energy renovation deployment, "according to the results.
This backlog is the result of the company's efforts to shift to production of affordable Model 3 cars.
"Energy storage production in the second half of 2018 is limited by battery production as we route all available Gigabit battery capacity to supply Model 3.
Some Gigabit battery production has been returned to the energy storage business, and we were able to increase production by about 30% in the first quarter compared to the previous quarter.
"So we have a real reason to believe that the energy business will be driven by what Tesla tells the market.
This is great, but Tesla and its other energy storage system providers, like Fluence and redT, what's really great is what they can offer in this area, except for two.
Therefore, the highlight of Tesla's first quarter was not mentioned in the SEC document.
It can be found in East Africa.
To be exact, areza and Medma in erriea.
Solarcentury, a British solar developer, has completed two projects
Each of the two rural communities has a grid.
They combine solar energy and storage with the back
Only diesel generators.
Here, Tesla's lithium battery belongs to them. Areza’s 1.
1 mw unit of 25 mw power grid and Maidma-
Up has brought reliable power to 40,000 people and vital local businesses.
These systems replace the new micro-diesel generator.
Fluctuations in diesel prices, cumbersome maintenance, and reduced air quality are all customers of the power grid.
"We hope that access to reliable electricity will support broader economic growth and social development in the region," Theo Guerre said . "
Canon, project manager, Solarcentury at the time of project commissioning.
"For example, there is a clinic in Areza that will now benefit from uninterrupted electricity. Similar solar energyand-
The storage system in the Philippines also uses Tesla batteries, which allows local fishermen to freeze catches and sell them further away.
Guerre-re added: "The Ecuador project provides a model for rural electrified, and Solarcentury is discussing similar projects across Africa . "Canon.
Whether you're dyedin-the-
Whether it's a fan of Tesla or you hate them, it's impossible to ignore the size of opportunities for Tesla and its peers.
Or the scale of the impact they can have.