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Tesla has received approval to implement a pilot program for virtual power plant in Texas, where people who have installed Tesla Powerwall batteries in their homes will be able to pool their stored energy together and sell it back to the grid.
The virtual power plant, which is being developed in partnership with a local electricity provider, will allow participating homeowners to earn money by selling excess energy that they have stored in their Powerwall batteries. This will help to create a more efficient and cost-effective energy system, while also providing a financial benefit to participating homeowners.
The Powerwall is a rechargeable lithium-ion battery that is designed to store energy for use in the home. It can be charged using solar panels or from the grid, and can provide backup power during outages. By pooling the stored energy from multiple Powerwall batteries, the virtual power plant will be able to provide a steady and reliable source of electricity to the grid.
NEWS: Tesla has been granted approval to commence a ‘statewide market design pilot’ virtual power plant (VPP) in Texas. The pilot will involve Powerwall owners in Texas pooling their stored energy together and supplying the grid while getting paid for it.https://t.co/JgDK2t7i8o
— Sawyer Merritt (@SawyerMerritt) December 12, 2022
The virtual power plant is part of Tesla’s broader efforts to promote the use of renewable energy and to reduce reliance on fossil fuels. Tesla CEO Elon Musk has been a vocal advocate for the use of solar power and other clean energy sources, and the company has been working to develop a range of products and services that support this goal.
In addition to the virtual power plant in Texas, Tesla is also working on similar projects in other parts of the country. For example, the company recently announced that more than 2000 house owners in California have signed up and successfully participated in a virtual power plant pilot program, to help with the state’s energy crisis.
The approval of the virtual power plant in Texas is a significant milestone for Tesla, and is likely to help the company continue to grow and expand its renewable energy business. By allowing people with Tesla Powerwall batteries to earn money by selling excess energy, the virtual power plant will help to make renewable energy more accessible and affordable for everyone.
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As of: 2024-05-04 08:12
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