Showing posts with label Lyndon Rive. Show all posts
Showing posts with label Lyndon Rive. Show all posts

Saturday, September 27, 2014

SolarCity breaks ground on “GigaFactory” for Solar PV in New York state





SolarCity plans to invest US$5 billion in the factory over the next decadeBuffalo Rising
The 110,000 square meter plant in Buffalo will produce PV cells and modules based on Silevo's high-efficiency technology, as the largest solar manufacturing facility in the Western Hemisphere.

SolarCity has begun construction of its new manufacturing facilty for PV cells and modules in Buffalo, New York. The factory will occupy 110,000 square meters, and will have the capacity to produce 1 GW of PV modules when fully ramped.



This announcement follows the conclusion of negotiations with the state of New York, which will invest a total of US$750 million to establish infrastructure, help build the facility and purchase equipment. SolarCity plans to spend US$5 billion over the next decade to build and operate the plant.



A statement by the Governor's Office estimates that the factory will be producing PV modules as early as the first quarter of 2016. SolarCity estimates that the factory will create 1,450 manufacturing jobs.

Modules made at the factory will feature high-efficiency PV cells based on technology by Silevo, which SolarCity purchased earlier in September. Silevo's Triex cell technology combines amorphous silicon layers and crystalline silicon, as well as a "tunneling" oxide layer, a design borrowed from the semiconductor industry.



This has allowed Silevo's PV cells to achieve 22.1% efficiency, as verified by the U.S. Department of Energy's Sandia National Laboratory. The company unveiled a roadmap to achieve 24% cell effiicency in 2011.





Source : PV Magazine






Source:  Governor Cuomo Announces New SolarCity GigaFactory Complex at RiverBend

Sunday, March 30, 2014

Tesla battery business plan gives energy utilities strife

Tesla battery business plan gives energy utilities strife : Renew Economy
Elon Musk, the maverick CEO of Tesla Motors Inc., is not to be taken lightly. First, he came up with an elegant electric vehicle that performs as good as it looks, while offering an extended range, something other all-electric vehicles could only talk about. Now, he says, time has arrived to go mainstream, with a version that offers extended range but with a price tag that may appeal to the ordinary folks, not just the rich, who have been his clients up to now.

The biggest obstacle is that there are not enough batteries for Tesla to ramp up production. The second is that today's batteries, when you can find them, are pricey for the amount of energy they store. Now that Tesla feels confident that if it can build more, consumers will buy them, it has decided to get into battery manufacturing business, and not in a haphazard way, but by building what is referred to as a $5 billion mega-factory.

Screen Shot 2014-03-25 at 10.04.37 AM

Following the announcement, Mr. Musk, who is worth billions as stocks of his company continue to defy all laws of logic and gravity (graph on page 15), said, "Shifting to greater use of solar and wind power will challenge utility companies." In case his message did not register, he added, the shift will bring, "some amount of strife for the existing utilities, especially for those invested more heavily in fossil fuels."

Speaking before a receptive, if nervous, audience at the California Public Utilities Commission (CPUC), the state's regulator, Musk said Tesla is "working to create stationary battery packs that last long, are super safe and are compact."

His cousin, SolarCity's CEO Lyndon Rive, went even further by predicting that "There is no doubt storage will become cost effective and deliver electricity with storage at night." As if that was not enough to shock and awe, Rive added that utilities in California and elsewhere, who are resisting change, are merely delaying the inevitable.

The "Thought Leaders" session at CPUC, which normally draws 50 attendees or so, filled the largest auditorium and 2 adjacent rooms as hordes of people, no doubt including many job seekers with resumes in hand, flocked to hear Musk, a high-tech celebrity worthy of Hollywood paparazzi.

Musk and Rive, of course, can say what they want and get away with it. Both their companies are on a rapid growth path, pushing new technologies, enjoying increased sales, and facing declining costs. The utility industry, by contrast, is facing tepid or no growth, for the most part relies on technologies that have been around for decades if not longer, and facing increasing costs, especially in upgrading the aging network, the grid. While the average age of Tesla and SolarCity's workforce is under 30, utilities are mostly dealing with an aging workforce ready for retirement. Utility stocks are stable at best, if the companies are well-managed while Tesla's stocks keep on rising. The contrast between the old and the new is inescapable.

Screen Shot 2014-03-25 at 10.04.45 AM


As CEO of a major solar PV company, Rive was critical of utilities, who are "taking months to connect residential solar panels to their systems" accusing them of playing games, "because they profit from the current system."

"When you have a game- changing technology, those in the game don't want to change," Rive said. "They like the existing game, the sole source, cost-plus model."
Rive noted that it now takes 8 months for utilities in California to connect a SolarCity PV customer with an energy storage system to the grid.

As reported in the February 2014 issue of this newsletter, Hawaiian Electric Company (HECO) placed a temporary moratorium on new solar PV connections while trying to figure out how to deal with the surge of new installations.

Tesla's new battery factory, if all goes according to plan, could make it easier for customers to store their excess generation during sunny periods for later use, whether in their Tesla cars or in a storage device in the garage. Musk, who is SolarCity's chairman and the largest shareholder, has been offering Tesla batteries to selected rooftop solar customers in parts of California and New England. Once battery production soars and prices plunge, as expected, more PV customers can be fitted with storage.
Tesla's stock shot to $352.54 on 19 March 2014.



Source: Renew Economy

Monday, May 13, 2013

SolarCity Sees Energy Storage ‘Viable’ Within 10 Years, CEO Says

SolarCity Corp. (SCTY), the solar power provider led by billionaire Elon Musk, will complete about 100 energy storage systems for customers this year and plans to expand as costs decline, according to its chief executive officer.



“It’ll be a viable product in the next ten years,” SolarCity CEO Lyndon Rive said today in an interview in San Francisco. “We don’t know yet how big the next phase is going to be, but this is a long term investment, full stop,” he said. “We will solve the storage issue.”

The San Mateo, California-based company is installing 8 kilowatt-hour battery packs provided by Tesla Motors Inc. (TSLA) and combining them with energy management systems that allow for remote monitoring. Storage will be crucial to balance the U.S. electric grid as solar expands from 1 percent of total generation capacity today, according to Rive.

“The criticism that solar gets is that it’s intermittent, that you can’t depend on it, but at 1 percent it still doesn’t matter,” Rive said. “Once you get to 20 percent, it starts to matter,” he said.

Rooftop solar systems that SolarCity provides don’t have the same risk of dropping off in large amounts from the grid, though that is an issue with larger utility-scale systems, according to Rive.

“The fear of intermittency actually comes from large central solar,” he said. “We can forecast very accurately what power you’re going to produce based on the weather conditions that we see,” he said.

SolarCity has 395 energy storage “pilots” under contract, according to a filing March 27.

Musk is Tesla’s CEO as well as SolarCity’s chairman and it’s largest shareholder. Rive is his cousin.



Source: Bloomberg

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