It seems like Tesla (TSLA) is on the way to change one of America`s most beloved industries – Automotive. This is not only good for Tesla themselves, but SolarCity (SCTY) will profit from it too. You probably know Tesla`s Superchargers.
Not everyone knows that Tesla`s superchargers is powered by a combination of electric grid, solar, and batteries. The batteries are being used to store excess solar energy and offset the costs of buying energy from the grid.
SolarCity is working on a new project called DemandLogic battery storage systems. They have tested the battery systems (provided by Tesla) in some people`s homes to complement their solar panels.
The intention is to bypass peak rate charges and store or sell any excess energy, ultimately providing a lower energy bill. Just like the superchargers. You can just imagine how it will be in the future as the technology matures.
A joint venture by Elon Musk and SolarCity could be a great company to make a better world! SolarCity is up 51,6% in 2014, while Tesla is up 67,9% in 2014. Tesla is up 625,1% (1 YR). SolarCity is up 375,6% (! YR). Great!
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