In February 2021, Tesla announced that it had purchased $1.5 billion in Bitcoin and planned to accept the cryptocurrency as payment, causing the price of Bitcoin to soar to record high numbers. However, three months later, Elon Musk disrupted the cryptocurrency market when he tweeted, “Tesla has suspended vehicle purchases using Bitcoin,” citing concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Overnight, the Bitcoin market dropped by almost 10 percent–so how founded are these environmental concerns in cryptocurrency mining, and could cryptocurrency have a clean energy future?Continue reading
In this week’s weekly news roundup, we discuss several important updates from Tesla and a promising new report on the future of U.S. energy storage.Continue reading
Back in 2015, automaker Tesla Motors set its sights on the home energy storage market and announced the launch of its home battery product, the Tesla Powerwall.
In the past, Tesla Motors has been praised for making high-quality electric vehicles, as well as for their ability to reimagine and successfully rebrand existing technologies. In fact, while Tesla’s automobiles revitalized the 21st-century electric vehicle market, the first electric cars were invented more than a hundred years earlier.
Tesla’s rebranding of residential-use batteries is in line with their legacy of reimagining existing products. Tesla’s battery may represent the first time in history that everyday homeowners are truly excited about the potential of storing energy at their home. The Powerwall, combined with the exciting Tesla Solar Roof, are both potential cornerstones of Elon Musk’s sustainable energy vision for the future.Continue reading
If you’re in the market for a Tesla Powerwall, or any solar battery, your biggest question is likely, “how much of my house can I run using this battery, and for how long?” While the answer depends on a number of factors specific to your household’s energy use, we’ve outlined some steps you can take to make an estimation.Continue reading
In October 2019, Tesla Motors announced the launch of Tesla Solar Roof V3, the company’s third version of its integrated solar glass shingle. Among several updates, version three included larger tiles, lower production costs, increased power density, and an easier installation process. Additionally, the total number of parts in the product was decreased. Tesla predicted that these changes would significantly reduce the cost of the product; recently, however, the company has increased prices on previously quoted systems, without a lot of explanation.Continue reading
Electric vehicles (EVs) are becoming increasingly popular and affordable in the United States. And because they’re a newer technology, many drivers have questions about how EVs work, what they cost, the advantages and disadvantages of switching to electrified transportation, and more.
So we’ve put together a list of common questions about electric vehicles, and provided additional information and resources to help you learn more about your options.Continue reading
The market for home energy storage options like the Tesla Powerwall has taken off in recent years, and costs are falling quickly. Many homeowners and businesses are thinking about adding a battery backup to their solar panel system.
The benefits of a home battery can be significant, especially if you have solar: you can use more solar energy onsite, or save it to use as backup power in the event that the grid goes down. If you are on time-of-use (TOU) rates for your electricity or pay monthly demand charges, you can even save money by using power from your battery when rates are high.Continue reading
Have you ever heard that electric vehicles (EVs) are just as bad for the environment as gasoline-powered cars? Don’t believe it for a second! In this article, we’ll bust that myth, plus other misconceptions about EVs.Continue reading
Today, Tesla launched a brand new product: Tesla Solar Inverter. In the realm of Tesla announcements, this one may go under the radar for the general public – it’s nowhere near as flashy or exciting of a launch as any of their electric vehicles, the initial Powerwall or Solar Roof. But don’t let that fool you into thinking that this announcement is insignificant: by building their own Solar Inverter, Tesla has the potential to drive the cost of solar even lower. Here’s what Tesla’s announcement means for the solar industry.Continue reading
A common argument against electric vehicles is that they’re “unreliable” or “too limited in range.” Ten years ago, these critics may have been right. But today, electric vehicles represent the future of the auto industry. In 2020, electric car manufacturer Tesla overtook Toyota to become the world’s most valuable carmaker. Other auto companies have been quick to follow, from luxury brands like Audi, BMW, and Jaguar to more affordable options like Chevy or Nissan now boasting new EV options. This trend is driven by scientific advancements in batteries and charging that allow you to travel farther and recharge quicker than ever before. But what does travel with an EV look like today? Is a road trip really viable? Let’s take a look.Continue reading