Nov 16, 2018

Tesla cuts price of home solar power products to encourage uptake

Marcus Lawrence
2 min
Tesla aims to boost sales of its domestic solar panel products as well as increase uptake of clean energy by cutting prices
Electric vehicle producer and sustainable energy advocate Tesla has announced a price cut of up to 25% for its home solar power products in a...

Electric vehicle producer and sustainable energy advocate Tesla has announced a price cut of up to 25% for its home solar power products in a push to encourage uptake through affordability, Reuters said

Tesla said that customers could expect quotes to drop by $3,000 to $5,000 as an average, with savings potentially exceeding this range dependent on the size of the order and the installation location.

The firm has also launched a new sales process for its energy products, offering them in their popular vehicle storefronts to make its product range more visible.

According to CleanTechnica, a Tesla spokesperson said:

“As a result of the vertical integration of our solar products into Tesla’s retail stores and the increased efficiencies we’ve realized over the past year by closing more expensive sales channels like door-to-door sales, we are now able to reduce prices for our solar power systems.”

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“This change, along with our push to continue shortening the time between sale to installation, will accelerate the adoption of solar and the world’s transition to sustainable energy,” they added.

Sanjay Shah, Senior Vice President of Tesla’s energy operations, told Reuters in an interview that the new pricing structure makes Tesla “highly competitive” in the market, adding that this competitivity will be a strong lure for customers seeking to go green in the most cost-efficient way.

“Every customer wants a greater value in terms of price,” Shah told Reuters. 

“When you do that the customer comes to you rather than you going to the customer.”

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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