Tesla Foundation
Date: 2022-04-15
San Juan, Puerto Rico-based Vivaris Capital LLC, a multi-strategy fund offering hybrid hedge and private equity structures, is reporting a joint-venture partnership with the Los Angeles-based Tesla Foundation Inc. to form Tesla Climate Capital.

Tesla Climate Capital will commercialize leading technologies in energy storage, carbon sequestration and power generation as well as incubate entrepreneurs active in those technologies .It will will work with Vivaris to raise capital from industry partners, financial institutions and other investors and then either invest via Vivaris Capital's VICAN Fund or directly into the portfolio company.

The Tesla Foundation is not affiliated with Elon Musk or Tesla Inc. (Source: Vivaris Capital LLC, PR, Hedge Week, 14 April, 2022) Contact: Vivaris Capital LLC, 858.525.5141, info@vivariscapital.com, www.vivariscapital.com; Tesla Foundation, 310-467-1193, info@teslafoundation.com, www.teslafoundation.com

More Low-Carbon Energy News Climate Change,  Carbon Emissions,  

Elon Musk
Date: 2021-04-30
"I talked to the Biden administration, and they were like 'Well, this seems too politically difficult' and I was like, 'Well, this is obviously a thing that should happen', and by the way, SpaceX would be paying a carbon tax too. So I'm like, you know, I'm like, I think we should pay it too. It's not like we shouldn't have carbon generating things. It's just that there's got to be a price on this stuff.

"If we just put a price on carbon emissions, the market will react in a sensible way. But because we don]t have a price on it, it is behaving badly. It's either we have sustainable energy or civilization collapses. And so if civilization doesn't collapse we will have sustainable energy, it's just a question of how soon does that happen. Sooner is better." -- Elon Musk, Feb., 2021)

More Low-Carbon Energy News Elon Musk,  Carbon Tax,  

Nofar Energy, Tesla
Date: 2021-03-19
Tel Aviv, Israel-based renewable energy developer Nofar Energy is reporting a $30 million supply framework agreement with Elon Musk's Tesla to purchase energy storage systems with a capacity of at least 100 MW of power.

Nofar Energy will incorporate the Tesla storage systems into solar facilities with a 150-MW capacity that can be connected to the Israeli national power grid by the end of 2023.

Together with its existing facilities, the move will increase Nofar's accumulated capacity of 1,000 MW. (Source: Nofar Energy, PR, Website, 17 Mar., 2021) Contact: Tesla, Tesla Power Pack, www.tesla.com/en_CA/powerpack; Nofar Energy, Ofer Yannay, Chairman, 08-3750060, Fax - 08-3750061, office@nofar-energy.co.il, www.nofar-energy.com

More Low-Carbon Energy News Tesla,  Energy Storage,  Tesla Battery,  Tesla Power Pack,  

Elon Musk
Date: 2021-02-15
Following up on our 22 Jan coverage -- Elon Musk Offers $100Mn for Best Carbon Capture Tech -- the the battery energy storage, SpaceX and Tesla tycoon announced:

"I talked to the Biden administration, and they were like 'Well, this seems too politically difficult' and I was like, 'Well, this is obviously a thing that should happen', and by the way, SpaceX would be paying a carbon tax too. So I'm like, you know, I'm like, I think we should pay it too. It's not like we shouldn't have carbon generating things. It's just that there's got to be a price on this stuff," Musk said.

"If we just put a price on carbon emissions, the market will react in a sensible way. But because we don`t have a price on it, it is behaving badly," Musk noted.

"It's either we have sustainable energy or civilization collapses. And so if civilization doesn't collapse we will have sustainable energy, it's just a question of how soon does that happen. Sooner is better," Musk elaborated. (Source: Elon Musk, DNA, 13 Feb., 2021) Contact: Elon Musk (@elonmusk)

More Low-Carbon Energy News Elon Musk,  Carbon Tax,  

XPRIZE
Date: 2021-02-15
The XPRIZE Carbon Removal will last four years through Earth Day 2025. In the first phase of the competition, 15 teams with the best solutions will get $1 million each. Ultimately, the first-ranked full-scale demonstration wins $50 million -- half of the $100 million as recently promised by Tesla, SpaceX, Neuralink and Boring Co. CEO Elon Musk.

XPRIZE aims to help scale efficient solutions to achieve the 10-gigaton-per-year carbon removal target by 2050.

The nonprofit organization announced the launch for Earth Day, April 22, and added the winner would be picked four years after that. In the first stage of the XPRIZE Carbon Removal, top 15 teams will be selected within 18 months and receive $1 million each. An additional 25 student scholarships of $200,000 each will also be awarded.

Milestone Awards will kick-start team fundraising for their operating budgets to achieve full-scale demonstrations. The grand prize winner gets $50 million, leaving $20 million and $10 million for the two runnerups. (Source: Elon Musk, Balkan Green Energy News, 15 Feb., 2021)

More Low-Carbon Energy News XPRIZE news,  Carbon Emissions news,  Elon Musk news,  

Tesla, Elon Musk
Date: 2021-01-22
Yesterday, Tesla CEO and the world's richest person with a net worth north of $180 billion, Elon Musk tweeted he plans to give away $100 million as a prize for the "best carbon capture technology."

In a following tweet, Musk noted details of the $100 million prize would be released next week. (Source: Elon Musk, 21 Jan., 2021) Contact: Elon Musk (@elonmusk)

More Low-Carbon Energy News Carbon Capture,  CCS,  Tesla,  Elon Musk,  Carbon Emissions,  

Tesla
Date: 2019-10-30
In a recent tweet, Tesla CEO Elon Musk offered a $1,000 discount on its solar panels and Powerwall energy storage system to the more than 2 million Californians affected by utility "preemptive" power disruptions and wildfire power outages which are increasingly common in the Golden State.

Tesla's Powerwall home battery system for a 2,200-square-foot home retails for roughly $14,100 so, although a timely offer, Musk's discount is far from extravagant. (Source: Tesla, The Verge, 28 Oct., 2019)Contact: Tesla Powerwall, www.tesla.com/en_CA/powerwall

More Low-Carbon Energy News Tesla Powerwall,  Energy Storage,  

Tesla
Date: 2019-08-21
Tesla announced through a series of tweets byTesla CEO Elon Musk, using social media as his messenger, has re-launched its Tesla Solar business by offering "cookie-cutter" solar systems to rent in Arizona, California, Connecticut, Massachusetts, New Jersey and New Mexico. The rental options range from roughly $65 to $195 per month the following sized unites: Small -- 3.8 kW, ideal for a 1,000- to 2,000-sq-ft home; Medium -- 7.6 kW, ideal for a 2,000- to 3,000-sq-ft home; and Large -- 11.4 kW, ideal for a 3,000+-sq-ft home.

There is no upfront installation cost, no long-term contract, and the monthly rental payment can be canceled at any time. If homeowners want to remove the rented solar system, it will cost $1,500. There is no specification of what happens to the system if homeowners don't want to remove it but also don't want to pay the monthly rental fee. A Powerwall battery unit is not included but can be purchased -- not rented -- separately. (Source: Tesla, Various Social Media, Aug., 2019) Contact: Tesla, www.tesla.com/solar

More Low-Carbon Energy News Tesla,  Solar,  Tesla Solar,  

Tesla,Solar City
Date: 2019-06-14
"I am very excited about version 3 of solar roof. We have a shot at being equal to a comp shingle roof plus someone's utility cost or being lower than that. That's one of the cheapest roofs available. So you can have a great roof with better economics than a normal fairly cheap roof and your utility bill." -- Elon Musk, Tesla, CEO

According to Tesla CEO Elon Musk, Tesla's next generation of solar roof tiles will be even less expensive than initially announced after Tesla's 2017 merger with Solar City. Today, a standard asphalt shingle roof can cost as little as $4 per square foot. In 2018, the Solar City solar tiles cost about $21.85 per square foot.

Tesla acquired SolarCity in 2016 for $2.6 billion and planned to offer solar panels and home battery storage systems to consumers through its retail stores and online. In 2018, Tesla cut prices on its residential solar systems and its often touted solar roof tiles have not yet been produced on a commercial scale. (Source: Tesla, ZME Science, June, 2019)Contact: Tesla, www.teslamotors.com; SolarCity Corp., (650) 638-1028, www.solarcity.com

More Low-Carbon Energy News Tesla,  Solar City,  Solar,  Solar Shingles,  

NASA,SpaceX
Date: 2019-06-12
NASA is reporting development of a cost-effective, non-toxic fuel that will be used in a future Green Propellant Infusion Mission (GPIM) launch of Elon Musk's Space Exploration Technologies Corp. (SpaceX) Falcon Heavy spacecraft.

The safe to handle green fuel, which features a mixture of hydroxyl ammonium nitrate and an oxidizer, was developed by the Air Force Research Laboratory in California. The new fuel also delivers almost 50 pct better performance than hydrazine, allowing a spacecraft to travel for a longer period of time even with minimal fuel onboard.

According to Sacramento-headquartered Aeorojet Rocketdyne, the company that developed the propulsion system for the GPIM, the company will focus on building similar systems that can cater the new green fuel. (Source: NASA, International Business Times, 11 June, 2019) Contact: Aeorojet Rocketdyne, Fred Wilson, www.rocket.com; NASA, (818) 354-4321, www.jpl.nasa.gov, www.nasa.gov; SpaceX, www.spacex.com

More Low-Carbon Energy News Aeorojet Rocketdyne,  NASA,