Ad
Ad
Ad
Consumer discretionary

Tesla Motors, Inc. (NASDAQ:TSLA) Completes $5.3 Million Powerpack Project At College Of Marin

Pinterest LinkedIn Tumblr

Tesla completes installation of a $5.3 million Powerpack project at College of Marin which will go online by the end of May

While Tesla Motors Inc (NASDAQ:TSLA) residential storage systems, the Powerwall, are increasingly being installed in global households, it is also providing its commercial batteries, the Powerpack, to clients with bigger electricity requirements.  

Electrek (via Marin Independent Journal) reported that Tesla recently completed installation of a Powerpack project in College of Marin in Marin County, CA, becoming the first community college in the state to join hands with the energy-innovation company.

College of Marin VP for Finance and Operation, Greg Nelson, stated: “This partnership between College of Marin and Tesla reduces the carbon footprint. It helps us, helps Tesla and it helps save taxpayer dollars.”

Tesla will be receiving $5.3 million in government incentives and rebates to cover the project cost, which includes installation of battery packs, liquid thermal control system, site preparation, and software which receives commands from the solar inverter. The company took roughly 18 months for the planning of the project, which will be operational by the end of this year and allow the school to save $10,000 per month. The Powerpack is developed to store and distribute power that will be produced via solar arrays at College of Marin.

The report described the installation as:

“The Kentfield campus will benefit from five 480-kilowatt batteries housed in 10-foot cabinets behind the Student Services Building. Another three will be near the Indian Valley campus’ main building.”

Electrek pointed out that the power output of the Powerwall should be 250kW, instead of 480kW and expects that the school installed eight blocks of two Powerpack towers having 4MWh of energy storage, based on the project cost.

During the first quarter, Tesla sold 100 Powerpack systems and gained at least $4.7 million in revenue. Tesla Energy should have contributed at least $12 million to the overall revenue in the period. Additionally, the company recently updated its Tesla Energy page, allowing customers to order up to 54 Powerpacks and unveiled its pricing and other information.

Comments are closed.