Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Tesla Inc. (TSLA) Message Board

Tesla Powerwalls save the day during heat wave in

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 1009
(Total Views: 258)
Posted On: 07/04/2018 2:54:32 PM
Posted By: g&l
Tesla Powerwalls save the day during heat wave in Vermont
Fred Lambert
- Jul. 4th 2018 9:52 am ET
@FredericLambert
TESLA TESLA POWERWALL

49 Comments
FacebookTwitterGooglePinterestLinkedInReddit
Vermont is starting to get a significant number of Tesla Powerwalls installed through the company’s partnership with Green Mountain Power (GMP), an important electric utility in Vermont.

This latest heat wave in the northeast has hit Vermont pretty hard and GMP says that the energy storage capacity of its network of Powerwalls is making the difference during the peak demand.


Josh Castonguay, Vice President and Chief Innovation Officer at GMP, commented (via Vermont Biz):

“We know our customers are environmentally conscious and make smart choices about their energy use every day. In this heat wave, our customers’ safety and comfort is key. We are so glad to be able to leverage innovation like battery storage to bring down costs for customers and keep them comfortable and safe. Our growing network of stored energy is allowing us to use technology, in partnership with our customers, to deliver innovative solutions today.

In April, we reported on GMP’s energy storage effort to deploy 2,000 Tesla Powerwalls.

At the time, GMP said that they had about 220 Powerwalls installed at customer homes. A few months later, now the company says that they have about 500 Tesla Powerwalls deployed.

GMP was one of the first companies to get on board with Tesla’s energy storage products as they made a deal with the company back when they introduced the first generation of the Powerwall in 2015.

Now they are deploying the Tesla Powerwall 2 to create a sort of “virtual power plant.”

Under their agreement with the electric utility, homeowners who receive a Powerwall are able to use it for backup power for “$15 a month or a $1,500 one-time fee”, which is significantly less expensive the ~$7,000 cost of the device with installation, but in return, Green Mountain Power is able to access the energy in the pack to support its grid, like a virtual power plant.

With 500 Powerwalls now, it’s over 5,000 kWh of energy capacity to release during peak demand, like when everyone is running their AC during a heat wave.

It’s still not a very large capacity, but it is already making a difference for a relatively small utility and it is growing fast as GMP aims to have 2,000 Tesla Powerwalls deployed by the end of the year.

As the capacity increases, GMP can more easily respond to peak in electricity demand with stored renewable energy instead of more costly and polluting fossil fuels.

While Tesla’s large-scale energy storage projects mainly involve Powerpacks, several other “virtual power plant” projects have recently been announced using their Powerwalls.

In Australia, there’s Tesla’s massive plan to create a 50,000-home virtual power plant with Powerwalls and they recently announced that they will supply another ‘virtual power plant’ with Powerwalls at up to 1,200 homes.

The company has also been deploying Powerwalls in smaller quantities with its residential solar projects, like its recent solar roof installations.


(0)
(0)




Tesla Inc. (TSLA) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us