"Tesla is not just an automotive company, it’s an energy innovation company. Tesla Energy is a critical step in this mission to enable zero emission power generation. With Tesla Energy, Tesla is amplifying its efforts to accelerate the move away from fossil fuels to a sustainable energy future with Tesla batteries, enabling homes, business, and utilities to store sustainable and renewable energy to manage power demand, provide backup power and increase grid resilience. Tesla is already working with utilities and other renewable power partners around the world to deploy storage on the grid to improve resiliency and cleanliness of the grid as a whole."
18 minute video of Elon Musk's keynote speech announcing the Tesla Powerwall and Tesla Powerpack.
"Is Tesla Motors' battery plant east of Reno, Nevada, going to be called 'Gigafactory 1?' That's what Tesla Motors CEO Elon Musk called the facility during Thursday's Tesla Energy live event, complete with an onscreen image of the factory with the words "Gigafactory 1."
"This week I sat down with Tesla board member Steve Jurvetson to discuss his unique view of the innovation that’s going to transform our world in the next 50 years. We covered everything from Tesla’s secret business plan to SpaceX’s Mars mission; and from the Robo-Apocalypse to the tech-accelerated rich-poor divide. The interview took place at The Commonwealth Club, Silicon Valley on April 21, 2015."
"Energy storage could emerge as a leading source of revenue for companies such as Tesla after 2020, Asmus said. Frankel estimates the energy storage business could provide Tesla with about $3.7 billion in revenue in 2020. The company had $3.2 billion in revenue this year, almost exclusively from its auto business. But to be successful, Tesla is going to have to win the cooperation of utilities, Frankel said. Musk will have to work with utilities to ensure its solar and energy storage systems can also be used to manage the power variations of the electric grid. Tesla is starting to build those relationships and has projects planned with Southern California Edison and Oncor that 'are excellent demonstration trials, but just a start,' Frankel said. 'Tesla will need to bring hundreds more utilities on board, which will take time and resources.'"
"The big problem with solar and wind right now is that the energy is only useful when it is actually produced and, because a company cannot modify generation to correspond with demand needs, any excess power has to be sold back to the market for immediate use. Tesla’s new batteries could go a long way towards solving this problem."