GMP partners with Tesla to provide batteries for all

The Tesla Powerwall on a home. Credit: Tesla

by Brian Eckhouse, Bloomberg

Climate-conscious Vermont utility, Green Mountain Power, is partnering with Tesla Inc. as it aspires to install battery systems in every home it serves.

Green Mountain Power, which aims to use all renewable energy by 2030, is launching a pilot program allowing 250 customers to get two Tesla Powerwall batteries for $30 a month, according to a statement Tuesday. Besides getting more bang from wind and solar and keeping lights on during outages, the batteries will measure energy use, rendering meters obsolete.

“Our vision -- our dream -- is that there ends up being a battery in every home and business,” Mary Powell, Green Mountain’s chief executive officer, said in an interview.

Sharply falling lithium-ion battery costs are enabling utilities to push wind and solar power onto grids even when the sun sets and breezes fall slack. Storage systems also help protect homes from outages during extreme weather because they don’t rely on transmission lines that topple in high winds.

Green Mountain is owned by Energir, a Montreal-based energy company, and serves about 265,000 residential and business customers in Vermont. About 2,000 Powerwall batteries have already been installed in Green Mountain’s coverage area through an earlier program with Tesla, helping trim power usage when demand peaks on hot days, Powell said.

Untitled Document

Recent Articles

The IEA’s hydrogen report doesn’t miss the point. It just buries It.

The International Energy Agency (IEA) recently released a major new report on hydrogen, underscoring the re...

Walmart sues Tesla over fires linked to rooftop solar systems

Walmart Inc. sued Tesla Inc., claiming it failed to live up to industry standards in the installation of so...

University of Notre Dame breaks ground on 2.5-MW hydroelectric generation facility

The University of Notre Dame and South Bend’s Venues Parks & Arts have broken ground on a 2.5-MW hydroe...

Norwegian battery startup with $4.5B plan has vision for Nordic hub

Freyr AS, a startup planning to build one of Europe’s first battery gigafactories in Norway, has a bigger v...

New study shows benefits of local renewable energy marketplaces

The financial benefits of buying and selling locally produced energy from rooftop solar, wind turbines and ...


There is no current content available.

Copyright 2018 Bloomberg


Volume 19, Issue 6


To register for our free
e-Newsletters, subscribe today: