Elon Musk, Tesla, plan for Rockland power program
CLOSE Billionaire entrepreneur Elon Musk wants to lower your energy bills, Orange & Rockland Utilities customers. On Thursday, the New York State Public Service Commission approved a $5.2 million proposal by the Pearl River-based utility company to team up on a project with Tesla geared at making the power supply smarter and more reliable.
From article, (Billionaire entrepreneur Elon Musk wants to lower your energy bills, Orange & Rockland Utilities customers.
On Thursday, the New York State Public Service Commission approved a $5.2 million proposal by the Pearl River-based utility company to team up on a project with Tesla geared at making the power supply smarter and more reliable.According to the 32-page plan filed with the state, O&R will work with the electric car maker and energy firm to integrate electric battery storage into the local grid over a three-year period.
Tesla will own and develop the systems, which will be placed at up to eight yet-to-be-identified commercial and industrial customers, as well as at one or two solar projects.
Over the last few years, Tesla’s energy business, which includes batteries and solar panels for residential and commercial use, has been using electric battery storage to supplement or replace parts of the traditional power supply.
There are installations in South Australia, France and Nova Scotia, as well as at SpaceX's spaceport in Texas. Tesla also has partnerships with several utility companies in places like southern California and Nantucket.
“Intelligent grid” systems are able to switch from charging to discharging in a fraction of a second, particularly during times when energy prices spike due to high demand. During those peak demand periods, battery energy storage can help offset purchases from fossil fuels, saving money.
Once in place, Orange and Rockland expects it’ll allow participating customers to reduce their demand charges, which can make up as much as 70 percent of an electric bill.
According to O&R's proposal, Tesla is "pursuing multiple storage projects" in New York, where Gov. Andrew Cuomo has been pushing for the adoption of clean energy.
Cuomo's "Reforming the Energy Vision" initiative aims to help customers make more informed energy choices, encourage the development of new energy products, create new jobs and protect the environment.
O&R also said the project will help the company meet guidelines set forth by New York’s Climate Plan, a newly announced effort by Cuomo “to combat climate change.” Part of the agenda calls for increased energy storage by 2025.)
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